Chevron's Production Surge Lifts Second-Quarter Earnings
It's not that uncommon to see a small independent oil and gas producer to post 10% production growth rates. For a massive company like Chevron (NYSE: CVX) to pull off that feat is an entirely different story. Several major capital project start-ups helped push the company's production rates -- and earnings -- higher this quarter, and they helped it get closer to a management target for 2017.
Let's take a look at Chevron's most recent quarterly results as well as examine how it was able to grow production by so much in such a short time.
Image source: Chevron.
Source: Fool.com
Chevron Corp. Aktie
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