Vitality exploration firm Chevron Company (NYSE: CVX) introduced second-quarter 2024 monetary outcomes, reporting a decline in internet revenue and a rise in revenues.
Web revenue attributable to Chevron Company dropped to $4.43 billion or $2.43 per share within the second quarter from $6.0 billion or $3.20 per share within the prior yr interval. Adjusted revenue decreased 17% year-over-year to $2.55 per share.
Complete revenues and different revenue have been $51.2 billion within the June quarter, up 5% from $48.9 billion reported within the year-ago quarter.
“Despite recent operational downtime and softer margins, we remain poised to deliver significant long-term earnings and cash flow growth,” stated Mike Wirth, Chevron’s chief govt officer.