As expected, Chevron Corporation (NYSE:CVX) returned to a net
profit in the second quarter, driven by lower expenses and higher
production, but the earnings per share of US$0.77 fell short of the
analyst consensus estimate of US$0.86. The consensus estimate was
for US$1.06 per-share earnings three months ago, but has been
lowered since then, as the oil price weakness and pessimism swept
over the oil market. Still, Chevron raised sales and other
operating revenues in Q2 2017 to US$33 billion, from US$28 billion
in same period last year. Production…
profit in the second quarter, driven by lower expenses and higher
production, but the earnings per share of US$0.77 fell short of the
analyst consensus estimate of US$0.86. The consensus estimate was
for US$1.06 per-share earnings three months ago, but has been
lowered since then, as the oil price weakness and pessimism swept
over the oil market. Still, Chevron raised sales and other
operating revenues in Q2 2017 to US$33 billion, from US$28 billion
in same period last year. Production…
As expected, Chevron Corporation (NYSE:CVX) returned to a net
profit in the second quarter, driven by lower expenses and higher
production, but the earnings per share of US$0.77 fell short of the
analyst consensus estimate of US$0.86. The consensus estimate was
for US$1.06 per-share earnings three months ago, but has been
lowered since then, as the oil price weakness and pessimism swept
over the oil market. Still, Chevron raised sales and other
operating revenues in Q2 2017 to US$33 billion, from US$28 billion
in same period last year. Production…
profit in the second quarter, driven by lower expenses and higher
production, but the earnings per share of US$0.77 fell short of the
analyst consensus estimate of US$0.86. The consensus estimate was
for US$1.06 per-share earnings three months ago, but has been
lowered since then, as the oil price weakness and pessimism swept
over the oil market. Still, Chevron raised sales and other
operating revenues in Q2 2017 to US$33 billion, from US$28 billion
in same period last year. Production…