Chevron Q2 Earnings Beat Estimates as Production Hits Record

Key Takeaways Chevron posted Q2 EPS of $1.77, beating estimates on record production of 3,396 MBOE/d.Higher Permian Basin and Gulf of America volumes drove U.S. output to an all-time high.CVX completed the Hess deal, adding top-tier assets to boost long-term production and cash flow.Chevron Corporation (CVX) reported adjusted second-quarter earnings per share of $1.77, beating the Zacks Consensus Estimate of $1.70. The outperformance stemmed from higher-than-expected production in the company’s key upstream ...