{"id":569398,"date":"2026-07-31T22:41:22","date_gmt":"2026-07-31T22:41:22","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/569398\/"},"modified":"2026-07-31T22:41:22","modified_gmt":"2026-07-31T22:41:22","slug":"chevron-stock-gains-after-posting-biggest-profit-in-years","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/569398\/","title":{"rendered":"Chevron Stock Gains After Posting Biggest Profit in Years"},"content":{"rendered":"\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">This article first appeared on <a href=\"https:\/\/www.gurufocus.com\/news\/8995564\/chevron-stock-gains-after-posting-biggest-profit-in-years?utm_source=yahoo_finance&amp;utm_medium=syndication&amp;utm_campaign=headlines&amp;r=caf6fe0e0db70d936033da5461e60141\" data-ylk=\"slk:GuruFocus;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;GuruFocus&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">GuruFocus<\/a>.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Chevron (<a href=\"https:\/\/finance.yahoo.com\/quote\/CVX\" data-ylk=\"slk:NYSE%3ACVX;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;NYSE:CVX&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" class=\"stocks_tp\" rel=\"nofollow noopener\">NYSE:CVX<\/a>) delivered its strongest quarterly profit in years as higher oil prices and improved refining margins lifted results well above the prior-year period.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Shares rose about 2% on Friday after the report.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Chevron <a href=\"https:\/\/www.reuters.com\/business\/energy\/chevron-records-highest-quarterly-profit-six-years-beating-analyst-estimates-2026-07-31\/\" data-ylk=\"slk:reported;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;reported&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">reported <\/a>second-quarter net income of $12.07 billion, or $6.11 per share, compared with $2.49 billion, or $1.11 per share, a year earlier. Revenue increased 57.4% to $70.56 billion, while adjusted earnings reached $11.97 billion, or $6.06 per share.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Chevron&#8217;s production also expanded during the quarter. Total output rose 20% from a year earlier to 4.07 million barrels of oil equivalent per day, helped by the Hess acquisition, higher Permian Basin output and record U.S. production of 2.07 million barrels of oil equivalent per day.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Chevron benefited across its operations. U.S. upstream earnings climbed to $3.54 billion, while international upstream earnings reached $4.64 billion. Downstream earnings also improved, with U.S. and international operations generating $2.41 billion and $2.46 billion, respectively.  <\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Chevron (NYSE:CVX) delivered its strongest quarterly profit in years as higher oil&hellip;\n","protected":false},"author":2,"featured_media":532754,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[197962,114,39459,85,46],"class_list":["post-569398","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-barrels-of-oil-equivalent","tag-business","tag-chevron","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/569398","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=569398"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/569398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/532754"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=569398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=569398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=569398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}