Chevron exceeded earnings expectations in its latest quarterly report, although profits saw a decline compared to the same period last year due to challenges in its refineries and international gas operations. The oil giant reported adjusted earnings per share of $2.93, surpassing the anticipated $2.87, while revenue came in at $48.72 billion, falling short of analysts’ projections. Net income declined by 16% to $5.5 billion, attributed to reduced sales margins in refineries and lower natural gas prices impacting international production profits.