Chevron’s Earnings Drop On Lower Energy Prices, Weaker Refining Margins ...Middle East

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Chevron’s Earnings Drop On Lower Energy Prices, Weaker Refining Margins
Chevron (NYSE: CVX) reported on Friday lower earnings for the second quarter of 2023 compared to the same period of 2022, joining the other international supermajors in booking reduced profits on the back of much lower oil and natural gas prices this year. As previewed in profit highlights a few days ago, Chevron said on Friday that its adjusted earnings were $5.8 billion, or $3.08 per share, for the second quarter of 2023. This was more than halved compared to the adjusted earnings of $11.4 billion, or $5.82 per diluted share, for the second quarter…

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