Benchmark Anticipates "Strong" 2Q Results for Chevron

“2Q EPS estimate raised to $3.91 versus our $3.89 per share preliminary estimate,” Benchmark wrote in a report focusing on Chevron CVX. “Upstream earnings essentially in line as higher average price realizations offset lower than expected oil/gas production. Downstream earnings stronger than expected reflecting higher Asian profits and strength in petrochemical margins.” Chevron closed Tuesday at $104.39.