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Chevron posts highest profit in 8 years on surging oil, gas prices

The strong results came a day after US lawmakers grilled top executives of major oil companies over the industry's past dismissals of climate warming and for funding groups that oppose a shift from fossil fuels.

October 29, 2021 / 06:27 PM IST

Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices, higher output and a recovery in motor fuel demand that boosted refining margins.


The strong results came a day after US lawmakers grilled top executives of major oil companies over the industry's past dismissals of climate warming and for funding groups that oppose a shift from fossil fuels.