Chevron Q2 2024 Earnings Report
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
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Chevron Revenue by Segment
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