(Bloomberg) — Chevron Corp. reported second-quarter earnings of $6.01 billion, beating analyst estimates.
The figures, whereas down 48% from the identical interval final 12 months, topped the second-quarter revenue of $5.5 billion anticipated by analysts in a Bloomberg survey. Chevron additionally stated on Sunday it produced 772,000 barrels of oil equal on the Permian Basin through the quarter, a file.
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Chevron and its oil friends have reported hefty earnings for a number of quarters at the same time as worldwide crude costs slid greater than 20% from final 12 months’s peak. The corporate stated it issued file shareholder distributions of $7.2 billion final quarter, together with dividends of $2.8 billion and share repurchases of $4.4 billion.
Individually, Chevron stated Chief Monetary Officer Pierre Breber will retire in 2024 after 35 years on the firm. Eimear Bonner, presently vp and chief know-how officer, will succeed Breber as CFO, efficient March 1, 2024.
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