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Chevron Friday was a second quarter profit due to low oil prices and HESS corporations.
The net oil rent reduced about 44% from $ 2.49 million, or $ 1.45 per share, $ 4.43 billion or 2.43 per dollar, at the same time last year.
Chevron lost a loss of $ 215 million to measure the value fair of Hess Shares. When adapted for this load and other temporary items are adapted, Chevron won $ 1.77 per participant on Wall Street estimates.
Here is a second quarter reported by Chevron compared to Wall Street, based on a survey of analysts by Lega:
- Share each earnings: Adjusted $ 1.77 is expected $ 1.70
- Revenue: $ 44.82 billion billion and 43.82 billion billion Billion Billion
Chevron Has completed the purchase Hess on July 18, after advanced Exxon Mobil Threatened to blow up 53 billion dollars. An arbitration court rejected Exxon claim the right to the right of rejection of the first refusal of the heritage of the first fence in Guyana.
Chevron expects to start adding earnings in the fourth quarter. 2025. At the end of the year it is also expected to reduce cost costs of a million costs.
Chevron pumped around 3.4 million barrels per day in quarter, last 3% increase in the same period last year. US production jumped around 8% of 1.69 million BPD compared to the year, a period of a million BPD with production in the permian basin. Hess acquisition will add Mexican Bakk formation and gulf assets in addition to Guyan.
Chevron’s production business gained a $ 2.72 million profit, due to 38% of $ 4.47 million at the same time last year. The refining business has gained $ 737 million, 23% of $ 597 million last year in larger margins for product sale.
