EnergyWatch

Chevron delivers a 360-degree result on net income

Increased production and a higher oil price than last year left Chevron with a completely opposite result compared to the same period last year.

Operating earnings in the second quarter at US oil giant Chevron seem to have flipped with the same quarter last year.

While the second quarter of 2016 booked a USD 1.5 billion loss, the most recent quarter's net income – which included impairments but was offset by the sale of assets – landed at USD 1.5 billion, slightly above analyst expectations.

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