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Chevron Q2 2026: Profits Nearly Quadruple as Middle East and Venezuela Turmoil Send Oil Prices Soaring
Chevron reported $12.1 billion in Q2 2026 earnings — nearly four times last year's profit — as Middle East conflict and Venezuela supply disruption pushed Brent crude up 53%. Record US production, record refining throughput, an 18.1 billion dollar free cash flow haul, and a new 20-year Microsoft power deal for a West Texas AI data center rounded out a blowout quarter.
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