Chevron posted adjusted second-quarter earnings of $1.77 per share, beating estimates of $1.70, as revenue of $44.82bn topped expectations of $43.82bn. Net income fell 44% to $2.49bn due to lower crude prices, partly offset by record production of 3.4 million barrels per day and stronger refining margins. The company completed its $53bn Hess acquisition, expects the deal to add to earnings in Q4.