Chevron Crushes Q2 Earnings Estimates as Hess Synergies Boost Production
Chevron Corp.'s (CVX) second-quarter earnings exceeded expectations, driven by record production and synergies from its Hess acquisition.
The company's revenue of $61.4 billion beat estimates, while its adjusted earnings per share (EPS) of $6.01 surpassed forecasts.
Chevron's dividend yield is nearly 1% higher than ExxonMobil's, making it an attractive option for investors seeking passive income.