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Sabrina Valle: In a rare preview of its results that coincided with the announced retirement of its finance chief, Chevron disclosed a $6 billion net profit in the quarter ended June 30. Full results will be disclosed on Friday.
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U.S. equities gained after better-than-expected second quarter earnings reports, with the S&P 500 rising 0.4% on Monday, July 24, 2023.
US oil giant Chevron has announced second quarter earnings of $6bn, a drop from record profits seen for the same period last year.
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The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.
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Chevron shares rose after predicting second quarter earnings that beat analysts’ estimates on record production in the Permian Basin.