Chevron Reports Second Quarter Net Income of $3.4 Billion
- Second quarter cash flow from operations $6.9 billion; $11.9 billion for six months
- Announces share repurchases, targeted at $3 billion per year
- Starts up fifth LNG train in Australia
San Ramon, Calif., July 27, 2018 – Chevron Corporation (NYSE: CVX) today reported earnings of $3.4 billion ($1.78 per share – diluted) for second quarter 2018, compared with $1.5 billion ($0.77 per share – diluted) in the second quarter of 2017. Included in the current quarter was a receivable write-down of $270 million charged to operating expense. Foreign currency effects increased earnings in the 2018 second quarter by $265 million, compared with an increase of $3 million a year earlier.
Sales and other operating revenues in second quarter 2018 were $40 billion, compared to $33 billion in the year-ago period.
Published: July 2018