Chevron (NYSE:CVX) reported doubled third quarter earnings.
Profits rose to $7.8 billion, or $3.92 per share, from $3.8 billion, or $1.87 per share, in last year's third quarter.
Revenue rose to $61 billion from $48 billion last year.
Earnings per share were well ahead of analyst estimates, although revenue fell short.
Rival Exxon Mobil (NYSE:XOM) reported expectation-beating earnings earlier in the week, as did Royal Dutch Shell (RDSa).
Chevron shares are trading down slightly this morning.
The Energy Select Sector SPDR (AMEX:XLE) is trading mostly flat. Exxon is the top holding in the fund, and is trading down .5%. #2 holding Schlumberger (NYSE:SLB) is trading up 2.1%. Chevron is the third-largest holding, and ConocoPhillips (NYSE:COP), the fourth-largest holding, is trading down over 1.6% Friday.
For MarketNewsVideo.com, I'm Tracey Fitzpatrick.
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