1409 ET -- Chevron is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Chevron is ramping up oil and gas production in the U.S. faster than expected, propelling earnings above analysts' expectations in the third quarter. The oil company posted adjusted third-quarter earnings of $2.51 a share, topping analysts' forecast of $2.43 a share, according to FactSet. Earnings were down from a year ago due to lower oil prices and weaker refining margins. A surge in U.S. production helped boost earnings and cash flow above expectations. Chevron is increasing production in the Permian Basin of Texas and New Mexico, and added more acreage with its acquisition of PDC Energy. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)


(END) Dow Jones Newswires

11-01-24 1425ET