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Chevron: Q2 EPS falls by more than expected
(CercleFinance.com) - Chevron reported a stronger-than-expected decline in Q2 earnings on Friday, reflecting lower oil and gas prices that weighed on its refining margins.
The US group's earnings were halved to $5.7bn, or $3.08 per share, in the quarter, from $11.4bn, or $5.82 per share a year earlier. By comparison, analysts expected EPS of $3.13. Affected by the decline in energy prices, its quarterly sales fell to $47.2bn, 30% lower than $65.4bn the previous year. Here too the consensus was expecting more - forecasting $48.2bn. Chevron shares were down about 0.5% in pre-market trading after these figures. Copyright (c) 2023 CercleFinance.com. All rights reserved. |
23/07/2025 17:57
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