Chevron shares rose after predicting second quarter earnings that beat analysts' estimates on record production in the Permian Basin.
Chevron Corp (NYSE:CVX) stock is at the top of the Dow today, up 2.6% at $162.86 -- earlier as high as $164.03.

Why Chevron Was Rising Today

03:11pm, Monday, 24'th Jul 2023
Chevron announced preliminary earnings that came in ahead of expectations. Strong Permian production appears to have been the source of outperformance, quelling fears of lower productivity from earlie
The earnings-fueled stock market rally continued at midday on Monday, July 24, 2023.
Chevron shares added more than 3% after the oil and gas giant released preliminary second quarter results that topped the Street's expectations. The company said it made a profit of $6 billion for the
Exxon has huge EBITDA and FCF numbers. Chevron has better Gross margin percentages. Combined Exxon and Chevron have committed to spending $125 billion on share buybacks.
Chevron chairman and CEO Mike Wirth joins 'Squawk on the Street' to discuss the company's Q2 earnings results, which reported earnings of $6 billion and record oil production in the Permian Basin, low
Warren Buffett owns many stocks today, including two from an industry he paid little attention to earlier. His investments in these stocks are valued at almost $35 billion today.
An increase in domestic production is likely to have aided Chevron's (CVX) Q2 bottom line. However, sharply decreasing refining earnings are headwinds.

5 Things to Know Before Markets Open

07:51am, Monday, 24'th Jul 2023
Shares of movie theater chain AMC jump as the company files a revised stock conversion proposal, and Barbie and Oppenheimer bring a big weekend for the box office. Here's what investors need to know t
The reweighting of the Nasdaq 100 and the expiration of some $2 trillion worth of options is out of the way. Now it's time for an onslaught of earnings, as well as rate decisions from the Fed, Europea
The oil giant reported higher-than-expected profit in the second quarter.
Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more ac
Chevron, the second-largest U.S. oil firm, reported second-quarter earnings late Sunday and announced plans for CFO Pierre Breber to retire in 2024.
Chevron Corp. released a second-quarter performance update that was better than expected on Sunday, ahead of the oil major's earnings announcement this week.
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