Chevron earnings more than double on higher crude prices

Chevron on Friday reported earnings of $3.4 billion for second quarter 2018, compared with $1.5 billion in the second quarter of 2017.

Included in the current quarter was a receivable write-down of $270 million charged to operating expense. Foreign currency effects increased earnings in the 2018 second quarter by $265 million, compared with an increase of $3 million a year earlier. Sales and other operating revenues in second quarter 2018 were $40 billion, compared to $33 billion in the year-ago period.

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