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Chevron sees double in 3Q earnings

U.S. oil major Chevron has doubled its third quarter earnings on the back of higher oil and gas prices. 

Chevron on Friday reported earnings of $4 billion for third quarter 2018, compared with $2 billion in the third quarter of 2017.

Included in the current quarter were a write-off, an asset impairment, and a non-recurring contractual settlement totaling $930 million in the upstream segment, and a gain of $350 million on the sale of southern Africa refining, marketing and lubricant assets, Chevron said on Friday.

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