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Chevron (NYSE: CVX) reported preliminary second-quarter earnings on Sunday totaling $6.01 billion and adjusted earnings of $5.77 billion, or $3.08 per share, beating the Wall Road consensus estimate of $2.97 per share.
The outcomes got here in under first-quarter income of $6.57 billion and a year-ago quarter of $11.62 billion, in addition to adjusted earnings of $6.74 billion within the first quarter and $11.36 billion within the earlier quarter.
Chevron ( CVX ) stated its manufacturing within the Permian Basin set a quarterly document in Q2, rising 11% year-over-year to 772,000 boe/d, and is on observe to fulfill its full-year steerage.
Shareholder distributions in Q2 hit a quarterly document of $7.2 billion, together with $2.8 billion in dividends and $4.4 billion in share repurchases.
The corporate is scheduled to report full outcomes for the quarter on July 28.
Chevron ( CVX ) additionally stated CFO Pierre Breber will retire subsequent 12 months and will likely be succeeded March 1 by Eimer Bonner, at the moment vp and chief know-how officer.
Breber joined Chevron ( CVX ) in 1989, changing into vp and chief monetary officer in 2019; Bonner joined the corporate in 1998, changing into vp and CTO in 2021.
Lastly, Chevron’s ( CVX ) board lifted the obligatory retirement age of 65 for Chairman and CEO Mike Wirth, who will flip 63 later this 12 months.
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