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Will Chevron’s Upstream and Downstream Earnings Rise in Q2 2018?

Michelle Rey
Updated
Will Chevron’s Upstream and Downstream Earnings Rise in Q2 2018?

Before we proceed with Chevron’s (CVX) second-quarter segmental outlook, let’s briefly look at its first-quarter segmental performance. Chevron’s earnings improved in the first quarter of 2018 compared to the first quarter of 2017. Chevron’s adjusted upstream segment earnings rose from $1.19 billion in the first quarter of 2017 to $3.35 billion in the first quarter of 2018. Its upstream earnings rose due to higher hydrocarbon production coupled with better oil prices.

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