Chevron: Q2 EPS above expectations
(CercleFinance.com) - Chevron reports Q2 2019 net income of 4.
3 billion dollars, up 26.5% from 3.4 billion dollars a year ago.
EPS rose by 27% to 2.27 dollars, beating the consensus by 50 cents.
"Second quarter earnings and cash flow benefited from record quarterly production volumes and the receipt of the Anadarko merger termination fee, partially offset by the impact of lower oil and gas prices," said Michael Wirth, Chevron's chairman and CEO.
"Results and cash flow benefited from record production volumes and compensation for canceling the merger with Anadarko, partially offset by the impact of lower oil and gas prices," says CEO Michael Wirth .
Up 9% to 3.08 million barrels of oil equivalent per day, production reached its highest level in the group's history, driven by continued growth in the Permian Basin and Wheatstone in Australia.
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