Oil Companies’ Profits Rise on Higher Crude Prices

Several major oil companies cited higher crude prices in reporting higher third-quarter profits. 

• Chevron Corp. said Friday its profit more than doubled, to $7.83 billion, or $3.92 per share, from $3.77 billion, or $1.87, a year ago. Revenue jumped 26% to $61.3 billion.

• Exxon Mobil Corp.’s net income rose 41% to $10.33 billion, or $2.13 per share from $7.35 billion, or $1.44. Revenue rose 32% to $125.3 billion.

• Royal Dutch Shell’s profit rose to $6.98 billion, from $3.46 billion. Revenue rose 33% to $127 billion.

• ConocoPhillips’ income slipped of $2.6 billion, or $1.91 per share, from $3.1 billion, or $2.05. Revenue rose 33% to $62.78 billion.