Chevron, Getty Realty Continue Wave of Higher Net Earnings
SAN RAMON, Calif. And JERICHO, N.Y. -- Chevron Corp. and Getty Realty Corp. capped off a busy week of second quarter earnings releases. Other companies that reported earnings this week were Hess Corp., ConocoPhillips, Royal Dutch Shell plc, and Valero Energy Corp.
Meanwhile, Getty Realty Corp. said it earned $15.2 million for its second quarter. That marks an 8-percent increase from the $14 million the company earned during the same quarter last year. The real estate investment trust, which owns and leases about 1,160 c-store and gas station locations, also reported that revenues from its rental properties increased $5.4 million to $27.1 million.
Getty, however, missed the expectations of analysts. Wall Street expected the company to earn more than $18.9 million for its latest quarter.