Chevron: Q2 earnings beat expectations

(CercleFinance.com) - Chevron has posted much better-than-expected earnings for Q2, thanks to both soaring oil prices, and particularly natural gas prices.


On Friday the second-largest US oil company reported quarterly net profit of 11.6 billion dollars, or 5.95 dollars per share, compared with 3.1 billion dollars (1.60 dollar per share) a year ago.

Revenue reached 65 billion dollars, well up from 36 billion dollars a year ago.

This beat the consensus, with analysts expecting EPS of 5.1 dollars on sales of 59 billion dollars.


Copyright (c) 2022 CercleFinance.com. All rights reserved.