Why Chevron Stock Popped After Earnings

Chevron (NYSE: CVX) stock jumped 2.4% through 11:55 a.m. ET Friday after reporting a sizable earnings beat this morning.

Analysts expected Chevron to earn $1.71 per share, adjusted for one-time items, on sales of $47.4 billion in Q3. Instead, Chevron reported $1.85 per-share profit, and sales exceeded $49.7 billion.

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Source Fool.com