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Jim Cramer: Chevron Doing All the Right Things

Chevron is doing the right things and is being rewarded for it, says Jim Cramer.
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Chevron (CVX) - Get Report is doing the right things and is being rewarded for it, says TheStreet's Jim Cramer. The energy company reported better-than-expected results for the 2016 third quarter before today's market open. Chevron posted adjusted earnings of $0.68 a share, beating analysts' estimates of $0.37 a share. Revenue came in at $29.16 billion, above Wall Street's projected $29.12 billion. During the same quarter last year, the San Ramon, CA-based company reported adjusted earnings of $1.25 a share on revenue of $34.30 billion. Chevron said it produced 2.51 million barrels of oil equivalent per day worldwide in the 2016 third quarter.

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