Energy

Chevron (NYSE:CVX) Reported 2Q23 Adjusted EPS $3.08 Vs. $2.99 Estimate

Chevron (NYSE:CVX) Reported 2Q23 Earnings Of $6.01B, And Adjusted Earnings Of $5.78B; Adjusted EPS $3.08 Vs. $2.99 Estimate. Adjusted profit of $3.08 a share beat the consensus of $2.97 a share as tracked by FactSet. That is down about 47% from the second quarter last year and down from profit of $3.55 a share in the first quarter of 2023. Quarterly shareholder distributions of $7.2 billion also set a record, Chevron said, including $4.4 billion in share buybacks and $2.8 billion in dividends.

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