Natural Gas Lifts Chevron Q1 Earnings Amid Oil Weakness

Chevron Corporation (CVX) reported adjusted first-quarter earnings per share of $2.18, beating the Zacks Consensus Estimate of$2.15. The outperformance stemmed from higher-than-expected U.S. natural gas production in the company’s key upstream segment. The unit’s domestic output of 2,859 million cubic feet per day (MMcf/d) came in above the consensus mark of 2,666 MMcf/d. A healthy gain in the commodity’s U.S. realizations also played its part.However, the bottom line came well below the year-ago adjusted ...