The Chevron logo is displayed as a tanker truck enters the Chevron Products Company El Segundo Refinery on January 26, 2022 in El Segundo, California.
Patrick T. Fallon | AFP | Getty Images
Chevron‘s profit more than quadrupled during the first quarter of 2022, as higher oil and gas prices boosted the company’s results.
The oil giant reported $6.3 billion in earnings during the period up from $1.37 billion during the same quarter in 2021.
Chevron’s revenue rose to $54.37 billion, up from $32.03 billion during the first quarter of 2021.
Chevron’s results follow a surge in commodity prices.
West Texas Intermediate crude futures spiked to $130.50 in early March, a price last seen in 2008 as…