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Sep 30, 2023
Chevron Q3 2023 Earnings Report
Chevron's financial performance was solid, marked by strong cash returns to shareholders and strategic acquisitions.
Key Takeaways
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.
Reported earnings were $6.5 billion, and adjusted earnings reached $5.7 billion.
PDC Energy, Inc. was acquired, strengthening Chevron's position in U.S. production basins.
A majority interest in ACES Delta, LLC was acquired, marking a move into green hydrogen production.
Year-to-date cash returned to shareholders reached a record $20.0 billion.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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