Improved Refining Margins Help Chevron Meet Q1 Profit Estimates ...Middle East

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Improved Refining Margins Help Chevron Meet Q1 Profit Estimates
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Chevron (NYSE: CVX) reported on Friday adjusted earnings for the first quarter in line with analyst estimates as the U.S. supermajor’s downstream business recovered from a loss for the prior quarter. Chevron booked adjusted earnings of $3.8 billion, or $2.18 per share, for the first quarter 2025, down from adjusted earnings of $5.4 billion, or $2.93 per share, for the same period of 2024. Despite the year-over-year slump in profits, the first-quarter EPS was slightly above the $2.16 earnings per share expected by the analyst consensus in…

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