Chevron expects 4Q profit to beat 3Q

Posted at 6:19 PM, Jan 10, 2013
and last updated 2013-01-10 18:19:00-05

SAN RAMON, Calif. (AP)-- Chevron Corp. expects fourth-quarter earnings to be "notably higher" than third-quarter profit.

The company said Thursday that its fourth-quarter results will be helped by bigger gains on asset sales and more oil and gas production.

Chevron is the nation's second-biggest oil company, and it earned $5.25 billion, or $2.69 per share, in the third quarter.

Analysts expect the company to report earnings of $3.03 per share when it posts fourth-quarter results on Feb. 1.