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Mar 31, 2024
Chevron Q1 2024 Earnings Report
Chevron's Q1 2024 earnings were reported, showing a decrease compared to the previous year, but with strong operational performance and cash returns to shareholders.
Key Takeaways
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.
Reported earnings of $5.5 billion; adjusted earnings of $5.4 billion.
Worldwide production 12 percent higher than a year ago.
Returned $6 billion cash to shareholders.
Achieved key project milestones in Kazakhstan, East Mediterranean and U.S.
Chevron
Chevron
Forward Guidance
No specific forward guidance was provided in the press release.