Chevron says Q4 earnings expected to be notably higher than Q3 Chevron reported in its interim update that earnings for Q4 are expected to be notably higher than Q3. Upstream results are projected to be higher between sequential quarters, reflecting increased gains on asset transactions and higher liftings. Downstream earnings in Q4 are also expected to be higher, largely reflecting a positive swing in timing effects, despite a sharp decline in industry refining margins.
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