02:42 PM EDT, 06/24/2024 (MT Newswires) -- Chevron ( CVX ) expects to see a $300 million to $400 million hit on its earnings due to an impact on its Q2 production, Reuters reported Monday.

The oil major expects to impact 65,000 barrels of oil equivalent per day in Q2 due to upstream turnarounds and downtime at Tengizchevroil in Kazakhstan as well as maintenance at the El Segundo and Richmond refineries in California, the report said.

Chevron ( CVX ) did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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