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flag Chevron reports Q1 profit of $5B, up 16% from US oil production growth.

flag Oil giant Chevron reported a first-quarter profit of $5 billion, beating estimates as higher US oil production offset the impact of lower natural gas prices and fuel margins. flag The company's profit fell 16% from a year ago, but its adjusted profit of $2.93 per share exceeded Wall Street's expectations. flag Chevron's US production increased by 35% year-over-year, driving growth despite challenging market conditions.

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