Chevron rises on Q3 profit beat
Updates
** Energy major Chevron CVX.N rises 3.9% to $154.56
** Co beats Wall Street expectations for Q3 profit, helped by higher production including record output in Permian
** Q3 adj profit of $2.51/share surpasses analysts' estimates of $2.42/share, according to data compiled by LSEG
** Co says net production rose to 3.36 mln barrels of oil equivalent per day (boepd) in Q3 from 3.14 mln boepd last year
** Uncertainty over Hess HES.N deal will continue to hover in background for some time, but at least CVX is doing well on the elements it can control - Kim Fustier, head of European oil & gas research, HSBC
** CVX expects proceeds of about $8 bln before taxes from previously announced assets sales in Q4
Reporting by Vallari Srivastava in Bengaluru
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