Have you been eager to see how U.S. energy giant Chevron Corp. (CVX - Free Report) performed in Q3 in comparison with the market expectations? Let’s quickly scan through the key facts from this San Ramon, CA-based company’s earnings release this morning:

About Chevron: Chevron is one of the largest publicly traded oil and gas companies in the world, based on proved reserves. It is engaged in oil and gas exploration and production, refining and marketing of petroleum products, manufacturing of chemicals, and other energy-related businesses.

Zacks Rank & Surprise History: Currently, Chevron has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released.

Coming to earnings surprise history, the company has a good record: its beaten estimates in three of the last four quarters resulting in an average positive surprise of 19.35%. 

We have highlighted some of the key details from the just-released announcement below:

A Larger-than-Expected Profit: Earnings per share came in at $1.03, higher than the Zacks Consensus Estimate of 99 cents. Better commodity price realizations and strength in production led to the outperformance.

Revenue Came in Higher than Expected: Chevron posted revenues of $36,205 million, above the Zacks Consensus Estimate of $33,667 million.

Key Stats: Chevron’s total production of crude oil and natural gas increased 8.1% compared with last year’s corresponding period to 2,717 thousand oil-equivalent barrels per day (MBOE/d). The U.S. output decreased 2.4% year over year to 681 MBOE/d but the company’s international operations (accounting for 75% of the total) was up 12.2% to 2,036 MBOE/d.

The rise in production was supported by higher oil realizations, the result being a healthy improvement in Chevron’s upstream segment profit – from $454 million in the year-earlier quarter to $489 million.

Chevron’s downstream segment achieved earnings of $1,814 million, a massive 70.3% higher than the profit of $1,065 million last year. The jump primarily underlined increase in domestic refining margins and gains from international asset sales.

Share Performance: Shares of Chevron have gained 13.8% during the third quarter, outperforming the industry's 10.8% increase.