Chevron profit seen tripling amid higher oil prices

Shares of Chevron CVX.N roughly flat at $191.96 ahead of its quarterly earnings results due on Friday before markets open

CVX is expected to report strong revenue and profit growth helped by higher oil prices from the Middle East conflict

Revenue is seen rising 38% to ~ $62 bln while adj EPS is expected to more than triple to $5.56 vs $1.77, per LSEG data

Brent crude futures LCOc1 are up ~47% YTD

Of the 27 analysts that cover Chevron Corp, the breakdown of recommendations is 22 "strong buy" or "buy," 4 "hold" and 1 "sell" rating

Median price target of $218.50 is down slightly from $220 a month ago

CVX is up ~26% YTD versus S&P 500 energy index .SPNY, which is up ~31% in the same period and ~9 rise in Dow Industrials .DJI