Commanding a solid market cap of about $286.7 billion, California-based Chevron Corporation (CVX) is a leading integrated energy and chemicals company in the oil and gas sector. The company is slated to lift the curtains on its fiscal Q2 earnings results before the market opens on Friday, Aug. 2.
Ahead of this event, analysts expect CVX to report a profit of $3.28 per share, up 6.5% from $3.08 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in three of the past four quarters while missing on one other occasion. The energy giant surpassed the consensus EPS estimate by 3.2% in the most recent quarter due to higher U.S. production volumes from recent acquisitions.
