Oil, Gas Rally Lifts Chevron’s Quarterly Profit To 8-Year-High

Chevron Corporation (NYSE: CVX) reported on Friday its biggest quarterly profit since 2013 for the third quarter and its highest free cash flow on record, as oil and gas prices rallied and demand rebounded.    Chevron booked earnings of $6.1 billion for the third quarter of 2021, compared with a loss of $207 million for the same quarter last year. Adjusted earnings jumped to $5.7 billion, or $2.96 per diluted share, for the third quarter of 2021, up from adjusted earnings of $340 million, or $0.18 per share, for Q3 2020. The adjusted…