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Chevron: 2Q Earnings Snapshot

August 2, 2019
FILE - In this June 26, 2019, file photo a Chevron gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Chevron Corp. reports financial results Friday, Aug. 2. (AP Photo/Rogelio V. Solis, File)
FILE - In this June 26, 2019, file photo a Chevron gas pump displays the various types of fuel and their prices at this Flowood, Miss., station. Chevron Corp. reports financial results Friday, Aug. 2. (AP Photo/Rogelio V. Solis, File)

SAN RAMON, Calif. (AP) — Chevron Corp. (CVX) on Friday reported second-quarter net income of $4.31 billion.

The San Ramon, California-based company said it had profit of $2.27 per share.

The results topped Wall Street expectations, but Chevron does not adjust its reported results based on one-time events such as asset sales. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The oil company posted revenue of $38.85 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $41.69 billion.

Chevron shares have climbed 11% since the beginning of the year, while the Standard & Poor’s 500 index has increased 18%. The stock has fallen almost 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVX at https://www.zacks.com/ap/CVX

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