Downstream Operations to Boost Chevron's Second Quarter

Before you go, we thought you'd like these...
Before you go close icon
ChevronChevron Corporation (CVX) said that second-quarter results should be higher than in the first quarter, boosted by improvements in downstream results.

The refining margin for U.S. West Coast crude was $16.30 a barrel in the second quarter through June, compared with $13.04 in the first quarter, the company said in a statement. Downstream results also benefited from the strengthening dollar.

Chevron's general guidance for quarterly net after-tax charges is $250 million - $350 million for the quarter. The company expects actual net charges to be lower.
Read Full Story

Markets

S&P 500 2,274.64 4.20 0.18%
DJIA 19,885.73 -5.27 -0.03%
NASDAQ 5,574.12 26.63 0.48%
DAX 11,554.71 -74.47 -0.64%
HANG SENG 22,718.15 -219.23 -0.96%
NIKKEI 225 19,095.24 -192.04 -1.00%
USD (per EUR) 1.06 0.00 -0.25%
USD (per CHF) 1.01 0.00 0.13%
JPY (per USD) 114.09 -0.13 -0.11%
GBP (per USD) 1.20 0.00 -0.07%

From Our Partners