During the first quarter, the company posted earnings of $4.55 billion, or $2.27 a share, compared with $1.84 billion, or 92 cents a share, the previous year. This guidance comes as a breath of fresh air amid an oil industry that had been depressed by the economic recession, forcing Chevron to lay off thousands of workers last year. >>Search for Highest Dividends by Rate or Yield Chevron will report its second-quarter results on July 30 before the market opens. Analysts on average are expecting earnings of $2.18 a share. Shares of Chevron were rising in premarket trading Tuesday, up 1.2% to $72.70.
NEW YORK ( TheStreet) -- Chevron ( CVX) said Monday evening it expects its second-quarter earnings to be higher than that of the first quarter, driven by downstream results -- inclusive of the chemicals business segment -- and a stronger U.S. dollar.
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