SAN RAMON, Calif. (AP) _ Chevron Corp. (CVX) on Friday reported third-quarter net income of $11.23 billion.

The San Ramon, California-based company said it had profit of $5.78 per share. Earnings, adjusted for non-recurring gains, came to $5.56 per share.

The results exceeded Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.02 per share.

The oil company posted revenue of $66.64 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $58.96 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX

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