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Pcm Encore Invests Heavily in Chevron Amid Strong Earnings

Guavy AI Editorial Team
Instruments
CVX
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Pcm Encore LLC has invested $2.5 million in Chevron Corporation's (NYSE:CVX) shares, purchasing 15,066 stock units.

This investment is part of a broader trend where institutional investors are taking an interest in the oil and gas giant.

Chevron recently reported strong quarterly earnings, with adjusted EPS of $6.06 beating expectations by $0.51.

The company's revenue also increased 57.4% year-over-year to $67.2 billion, surpassing forecasts.

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