ET -- Chevron Corp. is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Chevron reported first-quarter profit that rose above expectations, and revenue that declined due to lower commodity prices but still beat forecasts. 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, adjusted earnings per share of $3.55 beat the FactSet consensus of $3.40. Total revenue fell 6.6%, to $50.79 billion, while sales and other operating revenue declined 6.6%, to $48.84 billion. Analysts had expected sales of $48.60 billion, according to FactSet consensus. For the second quarter, the company expects to buy back $4.375 billion worth of its shares. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 28, 2023 09:47 ET (13:47 GMT)

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