Chevron profit hit by low crude oil prices and loss from Hess acquisition
1. Chevron's Q2 net income dropped 44% to $2.49 billion. 2. Chevron's Hess acquisition faced disputes but was completed successfully. 3. U.S. oil production increased 8%, benefiting Chevron's output. 4. Slumping oil prices impacted Chevron's production profits significantly. 5. Refining operations showed growth, with 23% higher earnings.