Chevron is set to deliver peer-leading growth as new projects ramp up.
Chevron reported strong growth in earnings and cash flow in the second quarter, as its portfolio was well positioned to capture the benefit of higher oil prices. Earnings increased to $3.4 billion from $1.5 billion the year before on an increase in upstream earnings to $3.3 billion from $853 million last year, thanks to higher oil and gas prices, as well as an 2% increase in volumes. Through the first half of the year, production has increased 4.5%, excluding the impact of asset sales, in line w...Chevron is engaged in energy and chemicals operations. Upstream operations consist primarily of, among others, exploring for, developing and producing crude oil and natural gas; processing, liquefaction, transportation and regasification associated with liquefied natural gas, storage and marketing of natural gas; and a gas-to-liquids plant. Downstream operations consist primarily of, among others, refining crude oil into petroleum products; marketing of crude oil and refined products; and manufacturing and marketing of commodity petrochemicals, plastics for industrial uses and fuel and lubricant additives.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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