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What to Expect When Chevron (CVX) Reports Q2 Results

NEW YORK (TheStreet) -- Shares of Chevron (CVX) are down 0.71% to $101.53 this afternoon as the San Ramon, CA-based oil and gas company prepares to report 2016 second quarter results before the opening bell on Friday.

Analysts surveyed by Thomson Reuters are looking for earnings of 32 cents on revenue of $28.7 billion. For the 2015 second quarter, Chevron reported earnings of 83 cents per share and revenue of $40.36 billion.

Weighing on Chevron stock today are declining oil prices, which are falling to three-month lows.

Crude oil (WTI) is down 1.55% to $41.27 per barrel and Brent crude is...