USA: Chevron Expects 2nd Quarter Earning to Be Higher than in 1st Quarter

Chevron Corporation today reported in its interim update that earnings for the second quarter 2011 are expected to be higher than in the first quarter 2011.

Upstream results are projected to improve between sequential quarters, benefiting from higher crude oil prices. Downstream earnings in the second quarter are also expected to be higher, reflecting improved industry margins.

For full report click HERE.

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Source: Chevron, July 12, 2011;