Chevron reported a net profit of $5.77 billion for the second quarter of the year, beating analyst expectations, although the figure was lower than both the first—quarter net profit of the company and the year-ago number. At the same time, Chevron also reported a record-high production rate in the Permian, at 772,000 barrels of oil equivalent daily during the second quarter. It also boasted it had distributed some $7.2 billion to shareholders—a record high—in the form of dividends, to the tune of $2.8 billion, and share buybacks.…
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