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Chevron’s Second Quarter Profit Beats Outlook on Record Shale Production

Por: MarketWatch Business July 24, 2023

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The biggest reason Chevron’s earnings fell is that oil prices have dropped dramatically from this time last year, when they spiked due to Russia’s invasion of Ukraine. “We’re delivering strong value to shareholders irrespective of the commodity price environment,” said CEO Mike Wirth in an interview with Barron’s. “We’re at prices that are lower than they were a year ago, but higher than they were two and three years ago. We’ve... + full article



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