Chevron Corporation ( NYSE:CVX ) announced on Friday much-awaited share repurchases in its Q2 earnings release, but investors were disappointed by a miss in profits despite the fact that the U.S. supermajor more than doubled its second-quarter earnings from a year ago. Chevron reported today earnings of US$3.4 billion, or US$1.78 per share, for the second quarter of 2018, up from US$1.5 billion, or $0.77 per share, for the second quarter of 2017. The analyst consensus by the Wall Street Journal had expected earnings per share of US$2.09 . Chevron’s worldwide net oil-equivalent production increased to 2.83 million barrels per day in the second quarter of 2018, from 2.78 million barrels per day from the same period last year. Upstream earnings jumped to US$3.295 billion in Q2 2018, from US$853 million in Q2 2017, mainly boosted by the higher oil prices. U.S. upstream operations earned US$838 million in Q2 […]