Chevron Surpasses Earnings Estimates as Price Targets Rise
Chevron reported Q2 EPS of $6.06, beating analyst estimates by $0.50 per share.
The company's quarterly sales reached a record $70B, a 56% increase year-over-year, driven by elevated crude prices and strong upstream production.
Analysts raised their price targets on the stock despite a slight dip in Chevron shares following the earnings announcement.