Though Chevron (CVX) beat estimates by reporting Friday that its quarterly net income tripled over a year earlier, shares were barely up by the end of the day.
Earnings for the second quarter came to $5.41 billion, or $2.70 per share, up from $1.75 billion or 87 cents last year. Analysts had expected a profit of $2.44 per share. Revenue in the quarter rose 32% to $53 billion.
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