Oil giantChevron Corp (NYSE:CVX) shares are trading higher after the company reported third-quarter results. Revenues and other income of $50.669 billion beat the consensus of $48.986 billion. Worldwide net oil-equivalent production rose 7% year over year to 3,364 MBOED, led by the acquisition of PDC Energy and strong production in the Permian Basin. Adjusted net earnings were $4.53 billion, with adjusted EPS being $2.51 (down from $3.05 a year ago) in the quarter, surpassing the consensus of $2.43. Third-quarter earnings fell due to reduced margins on refined product sales, the lack of favora…
