Chevron Corporation (CVX) recently reported its second-quarter 2024 earnings, which fell short of expectations primarily due to weaker natural gas realizations and reduced margins on refined products. Although the company missed bottom-line forecasts, its revenues surpassed expectations, partially mitigating the disappointment. Chevron achieved an impressive 11% year-over-year increase in production, setting a new quarterly record in the Permian Basin. This robust volume, driven by efficient development str ...