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Jun 30, 2024
Chevron Q2 2024 Earnings Report
Chevron reported strong production and shareholder returns, but earnings decreased due to lower margins and unfavorable tax items.
Key Takeaways
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.
Reported earnings of $4.4 billion; adjusted earnings of $4.7 billion.
Worldwide net oil-equivalent production was up 11 percent from a year ago.
Returned $6 billion cash to shareholders.
Completed turnaround on Second Generation Injection plant.
Chevron
Chevron
Chevron Revenue by Segment
Chevron Revenue by Geographic Location
Revenue by Segment
Upstream Revenue
CapyFin.comDownstream Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
Despite recent operational downtime and softer margins, we remain poised to deliver significant long-term earnings and cash flow growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income