By San Francisco Business Times

Chevron Corp. said Monday that its second quarter earnings will come in higher than first quarter results due in part to the stronger dollar.

The San Ramon-based oil giant will report second quarter earnings on July 30.

Chevron said its outlook is primarily based on April and May data. Earnings are expected to get a boost from favorable ⿿non-cash foreign currency effects⿝ from the strengthening dollar in the second quarter.

The companyâ¿¿s general guidance for the quarterly net after-tax charges related to corporate and other activities is between $250 million and $350 million. Chevron (NYSE: CVX) said that total net charges in the second quarter are now expected to be lower than the guidance range due in part to foreign-currency effects and the irregular nature of accruals for such matters as income taxes and pension settlements.

In the first quarter, Chevron posted profit of $4.55 billion, or $2.27 per share, compared to earnings of $1.84 billion, or 92 cents per share, in the first quarter of 2009. First quarter revenue was $47 billion, up from $35 billion in last yearâ¿¿s first quarter. The jump in revenue was due to higher prices for crude oil, natural gas and refined products.

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