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Shares of Chevron Corp. rose Friday after the oil and gas giant reported quarterly profit that rose above expectations and revenue that beat forecasts despite a drop in oil prices.
Chevron’s CVX net income rose to $6.57 billion, or $3.46 a share, from $6.26 billion, or $3.22 a share, in the year-ago period. Excluding nonrecurring items, the company said adjusted earnings a share of $3.55 beat the FactSet consensus of $3.40.
Revenue…
