Latest News by Industry
SAN RAMON, Calif. (AP) — SAN RAMON, Calif. (AP) — Chevron Corp. (CVX) on Friday reported second-quarter net income of $4.43 billion.
The San Ramon, California-based company said it had profit of $2.43 per share. Earnings, adjusted for non-recurring costs, were $2.55 per share.
The results missed Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.88 per share.
The oil company posted revenue of $51.18 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $50.78 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX