Chevron earnings miss on lower refining margins, relocates headquarters to Houston
Publishing timestamp: 2024-08-02 10:18:17
Summary
Chevron's second-quarter profit fell due to lower refining margins, and the company announced its headquarters will move from California to Texas. The results were below expectations, and the pending acquisition of Hess Corporation has been delayed until 2025 due to an arbitration case with Exxon Mobil.
Sentiment: NEGATIVE
Keywords: chevron corp, energy, hess corp, breaking news: markets, oil and gas, business news, breaking news: earnings, breaking news: business, markets, exxon mobil corp, earnings,
Source: https://www.cnbc.com/2024/08/02/chevron-cvx-earnings-q2-2024.html