Chevron Corporation (CVX) posted impressive Q2 results, driven by improved market conditions, transformation benefits, and merger synergies. The integrated energy company produces crude oil and natural gas, along with manufacturing transportation fuels, lubricants, petrochemicals, and additives. The company reported Q2 adjusted earnings of $1.71 per share, compared to the adjusted loss of $1.56 per share reported in the same quarter last year. That also beat analysts’ expectations of earnings of $1.50 per share. Additionally, total revenues more than doubled on a year-over-year basis to $37.6 billion, outpacing consensus estimates of $34.32 billion. Quarterly results were supported by the reduction in capital and exploration expenditures, which decreased 15.2% year-over-year to $2.
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Chevron (NYSE:CVX)
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