UPDATE: Chevron Q3 Profit Drops 5.8%

Chevron (NYSE: CVX ) reported a 5.8% drop in its third-quarter earnings. Chevron's quarterly profit fell to $4.95 billion, or $2.57 per share, from a year-ago profit of $5.25 billion, or $2.69 per share. Its revenue rose 0.8% to $58.5 billion. However, analysts were expecting earnings of $2.71 per share