Chevron Just Crushed Earnings. Here's What It Means for the Dividend.
Chevron delivered gushing free cash flow in the second quarter.
Overview
Chevron (NYSE: CVX) just reported expectation-crushing second-quarter financial results. The oil giant posted $12.1 billion in net profit, up a blistering 446% compared to the second quarter and 385% compared to the year-ago period. Its adjusted earnings of $6.05 per share obliterated the analysts' consensus estimate of $5.55.
That strong showing bodes well for Chevron's dividend. Here's what it means for the 3.6%-yielding payout.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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