Chevron: First-quarter earnings rebound to $2.7 billion

Chevron Corp. reported earnings of $2.7 billion for this year’s first quarter compared with a loss of $725 million in same quarter in 2016. Included in the quarter was a gain of $600 million from the sale of an upstream asset. Foreign currency effects decreased earnings in this year’s first quarter by $241 million compared with a decrease of $319 million a year earlier.

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