NEW YORK: Chevron Corp, the second-largest U.S. oil company, said on Wednesday second-quarter profit would be higher than the previous quarter as improved refining margins offset lower oil prices.
Analysts had been expecting a net profit of $3.20 per share, according to Thomson Reuters I/B/E/S, down from $3.27 in the first quarter and $3.85 in the same quarter a year before.
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