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Chevron reports lower third-quarter profit
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(Reuters) — Chevron (NYSE:CVX) on Friday reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp (NYSE:HES) for $53 billion.
The oil major posted a net profit of $6.5 billion, or $3.48 per share, compared to $11.2 billion or $5.78 per share, in the same period last year.
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