Chevron Earnings Reports

Chevron reported Q4 2024 earnings of $3.2 billion, a decrease from $2.3 billion in Q4 2023. Adjusted earnings were $3.6 billion, compared to $6.5 billion in the prior year. Despite lower earnings, the company achieved record production and returned a record $27 billion in cash to shareholders in 2024.

Chevron reported earnings of $4.5 billion for Q3 2024, with cash flow from operations of $9.7 billion. The company returned a record $7.7 billion cash to shareholders and started up key U.S. Gulf of Mexico projects. Worldwide net oil-equivalent production increased 7 percent from last year.

Chevron reported earnings of $4.4 billion for Q2 2024, down from $6.0 billion in Q2 2023. Adjusted earnings were $4.7 billion compared to $5.8 billion in the prior year. The company's global production rose by 11 percent, driven by the PDC Energy acquisition and strong performance in the Permian and Denver-Julesburg Basins. Chevron returned $6 billion in cash to shareholders during the quarter.

Chevron reported earnings of $5.5 billion for Q1 2024, a decrease from $6.6 billion in Q1 2023. However, U.S. production increased by 35% year-over-year, and the company returned $6 billion in cash to shareholders.

Chevron reported Q4 2023 earnings of $2.3 billion, or $1.22 per share diluted, which included $1.8 billion of U.S. upstream impairment charges and $1.9 billion of decommissioning obligations. Adjusted earnings were $6.5 billion, or $3.45 per share diluted. The company returned a record $26.3 billion of cash to shareholders in 2023 and achieved record annual worldwide and U.S. production.

Chevron reported earnings of $6.5 billion for Q3 2023, with adjusted earnings at $5.7 billion. The company's cash flow from operations was $9.7 billion. Key acquisitions, including PDC Energy, Inc. and a majority interest in ACES Delta, LLC, were completed during the quarter.

Chevron reported earnings of $6.0 billion for Q2 2023, with adjusted earnings of $5.8 billion. The company achieved record Permian Basin production and distributed a record $7.2 billion to shareholders. The acquisition of PDC Energy, Inc. is expected to close in August 2023.

Chevron reported strong financial results for Q1 2023, with earnings of $6.6 billion and adjusted earnings of $6.7 billion. The company's return on capital employed has been greater than 12 percent for seven consecutive quarters, and the company returned $6.6 billion to shareholders, an increase of 65 percent from last year.