US Chevron’s profits fall to $5.8 billion in Q2‎

Chevron, the second largest US oil company, announced preliminary results during the second quarter of 2023, with the announcement of the retirement of its corresponding general financial manager.

According to “CNBC,” net profit declined to $5.8 billion, or $3.08 per share, and analyst estimates for the results for this quarter are not yet clear.

However, Chevron noted that these financial results do not represent a comprehensive statement of second-quarter results, and said that it will release its full earnings numbers for the second quarter on Friday, July 28th.

Chevron said it issued a record dividend of $7.2 billion to shareholders in the most recent quarter, including a dividend of $2.8 billion and share repurchases of $4.4 billion.