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CVX / Chevron 2Q profits plunge on lower commodity prices

Chevron 2Q profits plunge on lower commodity prices
Chevron, confirming its preliminary results from earlier in the week, reported an almost 50% drop in profit for the second quarter. The oil and gas giant posted adjusted earnings of $5.8 billion or $3.08 per share, down from $11.4 billion or $5.82 per share in the year-ago quarter on lower upstream realizations and lower margins on refined product sales. Read More
Posted: Jul 28 2023, 09:19
Author Name: Proactive Investors
Views: 111450

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