Chevron (CVX) Gives Q2 Interim Update: Sees Earnings Higher Than in Q1

July 11, 2012 4:07 PM EDT
Chevron (NYSE: CVX) offers Q2 interim update in a Form 8-K.

Sees quarterly earnings higher than compared to Q1 of this year. Upstream results are projected to be lower between sequential quarters, due to lower average crude oil prices, partially offset by foreign exchange gains. Downstream earnings in the second quarter are expected to be significantly higher, reflecting improved refining margins and gains on asset sales.

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