** Chevron's CVX.N shares are down 1% to $151.81 on Thurs ahead of the oil giant's quarterly results due on Fri
** Wall Street analysts expect CVX to report ~14% drop in rev to $44 bln and adj EPS of $1.70 vs $2.55 in the yr ago period, according to LSEG
** The April-June quarter covered a volatile period in which the OPEC+ group of producers continued raising their production volumes, putting pressure on crude prices and in turn cutting the profits of oil firms
** Brent LCOc1 was down 1% to $72.51 per barrel on the session, having lost ~10% in the prior quarter
** Over the last 8 quarters, CVX's rev and adj EPS have exceeded or met expectations 5 times
** Among 24 analysts covering CVX, avg rating is "buy" and median PT is $168, per LSEG data
** CVX is up ~5% YTD compared with the S&P 500 Energy index .SPNY, which is up roughly 2% in the same period
(Reporting by Chibuike Oguh in New York)
((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))
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