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Jun 30, 2023
Chevron Q2 2023 Earnings Report
Chevron's financial results remained strong, marked by record Permian Basin production and shareholder distributions.
Key Takeaways
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.
Reported earnings of $6.0 billion; adjusted earnings of $5.8 billion.
Record Permian Basin production, 11 percent higher than the year-ago period.
Record shareholder distributions of $7.2 billion.
PDC Energy, Inc. acquisition expected to close in August 2023.
Chevron
Chevron
Chevron Revenue by Segment
Revenue by Segment
Upstream Revenue
CapyFin.comDownstream Revenue
CapyFin.com Forward Guidance
Chevron plans to further increase its investments in the United States with the announced agreement to acquire PDC Energy, Inc. This acquisition is expected to add $1 billion to annual free cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income