Chevron first-quarter profit jumps 36 percent on rising oil prices

[April 27, 2018]  HOUSTON (Reuters) - U.S. oil producer Chevron Corp <CVX.N> said on Friday its first-quarter profit jumped 36 percent thanks to rising crude prices <CLc1><LCoc1> and production.

The logo of Chevron Corp is seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan April 4, 2017. REUTERS/Toru Hanai

The company posted net income of $3.64 billion, or $1.92 per share, compared to $2.68 billion, or $1.41 per share, in the year-ago quarter.

Production rose 7 percent to 2.9 million barrels of oil equivalent per day.

(Reporting by Ernest Scheyder)

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