financetom
Business
financetom
/
Business
/
Chevron reports Q2 miss as Hess takeover faces new delays
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Chevron reports Q2 miss as Hess takeover faces new delays
Aug 2, 2024 4:12 AM

Aug 2 (Reuters) - Oil giant Chevron Corp ( CVX ) missed

estimates for second-quarter profit on Friday, hurt by weak

refining margins.

The company, whose $53 billion takeover of Hess has

been delayed to at least May next year, reported adjusted

earnings of $2.55 per share for the second quarter, missing

analysts' estimates of $2.93.

(Reporting by Mrinalika Roy in Bengaluru; Editing by Anil

D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Melinda Gates to step down as co-chair of Bill & Melinda Gates Foundation
Melinda Gates to step down as co-chair of Bill & Melinda Gates Foundation
May 13, 2024
(Reuters) -Melinda French Gates said on Monday she is stepping down as co-chair of the Bill & Melinda Gates Foundation. Her last day of work at the foundation will be June 7, according to her post on X. Billionaire benefactors Bill and Melinda Gates, co-founders of one of the world's largest private charitable foundations, filed for divorce in 2021 after...
Wayfair Gaining Share in Bottoming Home Furnishings Industry, Morgan Stanley Says
Wayfair Gaining Share in Bottoming Home Furnishings Industry, Morgan Stanley Says
May 13, 2024
12:08 PM EDT, 05/13/2024 (MT Newswires) -- Wayfair ( W ) continues to take share in a bottoming home furnishings industry and is poised to grow faster when the industry recovers, Morgan Stanley said in a note Monday. The investment story on Wayfair ( W ) is strengthening in our view, Morgan Stanley said. We believe Wayfair's ( W )...
SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO
SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO
May 13, 2024
TOKYO, May 13 (Reuters) - Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. Because of the size of our platform, we're able to bring those companies to...
Update: Aya Gold & Silver Loses 4.2% as it Reports New High-Grade Results from the Boumadine Project in Morocco
Update: Aya Gold & Silver Loses 4.2% as it Reports New High-Grade Results from the Boumadine Project in Morocco
May 13, 2024
12:02 PM EDT, 05/13/2024 (MT Newswires) -- Aya Gold & Silver ( AYASF ) on Monday reported new high-grade exploration results from its 2024 drilling program of 120,000 meters at the Boumadine project in Morocco. Results include 1,355 grams per tonne (g/t) silver equivalent over 3.1 meters, 354 g/t silver equivalent over 2.9 meters and 445 g/t silver equivalent over...
Copyright 2023-2026 - www.financetom.com All Rights Reserved