.August 2, 2024 06:26:17 AM

Chevron’s financial performance has been a mixed bag, with revenue growth slightly down by 0.94%, but gross profit soaring by 75.09% and net income skyrocketing by 143.51%. However, free cash flow took a hit, dropping by 63.63%. Despite these challenges, Chevron managed to reduce its debt by 16.24%, showcasing a commitment to a healthy balance sheet. Investors are closely watching Chevron and Exxon’s upcoming earnings announcements, following Shell’s recent earnings impact on share value. The oil and gas industry giants are navigating through high market expectations and financial scrutiny in a challenging environment.