Chevron’s second-quarter profit reaches $6 billion according to preliminary figures, beating expectations

HOUSTON, July 24 (Reuters) – Chevron Corp’s second-quarter profits beat Wall Street estimates, the company said on Sunday, as CEO Michael Wirth signaled the US’s second-largest oil producer remained open to new acquisitions and increased shareholder payouts this year.

The release of the preliminary report is a rare opportunity for Chevron; this time it coincided with the retirement of the company’s CFO.

Net income was $6 billion for the quarter ended June 30.

Adjusted earnings were $3.08 per share, beating the Wall Street consensus of $2.97 per share.

Full financial results will be published on Friday.

The original message in English is available under the code: (Sabrina Valle in Houston, translated by Tomasz Kanik)


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