Chevron quarterly profit rises 6 percent

Fri Aug 1, 2014 8:39am EDT

Aug 1 (Reuters) - Chevron Corp, the second-largest U.S. oil company, said on Friday its quarterly profit rose 6 percent as high energy prices offset a production dip.

The company posted net income of $5.67 billion, or $2.98 per share, compared with $5.37 billion, or $2.77 per share, in the year-ago period.

Production fell 1.4 percent to 2.5 million barrels of oil equivalent per day (boe/d). (Reporting by Ernest Scheyder, Editing by Franklin Paul)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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