Registering just around $3.4 billion in profits, California energy giant Chevron, has revealed a growing net income of $3.4 billion for the second quarter of last year.

While Chevron has initially fallen short of its first-quarter profit, the second quarter pick up has surged its revenues by some 20 per cent.

The company also said that its global oil equivalent production volumes had risen slightly from 2.78 million of barrels a day to about 2.83 barrels daily in the second quarter.

“Second-quarter earnings were up significantly from a year ago,” said Chairman and
CEO Michael Wirth. “Results in 2018 benefited from higher crude oil prices, strong operations and higher production.”