Goldman Sachs Upgrades Chevron (CVX) to Buy, 'After sharp underperformance'

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Go back to Goldman Sachs Upgrades Chevron (CVX) to Buy, 'After sharp underperformance'

Chevron Reports Second Quarter 2023 Results

July 28, 2023 6:15 AM EDT

Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion Record Permian Basin production, 11 percent higher than the year-ago period Record shareholder distributions of $7.2 billion PDC Energy, Inc. acquisition expected to close in August 2023

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) reported earnings of $6.0 billion ($3.20 per share - diluted) for second quarter 2023, compared with $11.6 billion ($5.95 per share - diluted) in second quarter 2022. Included in the current quarter was a one-time tax benefit of $225 million related to impairments that were recognized in prior periods. Foreign currency... More