HOUSTON—Chevron Corp on Friday posted its highest quarterly profit in eight years on surging oil and gas prices, higher output, and a recovery in motor fuel demand that boosted refining margins.
The strong results for the No. 2 U.S. oil producer came a day after U.S. lawmakers grilled top executives of major oil companies over the industry’s past dismissals of climate warming and for funding groups that oppose a shift from fossil fuels.
