press releaseChevron 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.

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Published: July 2018