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Sep 30, 2024
Chevron Q3 2024 Earnings Report
Chevron delivered strong financial and operational results, started up key projects, and returned record cash to shareholders.
Key Takeaways
Chevron reported earnings of $4.5 billion for Q3 2024, with cash flow from operations of $9.7 billion. The company returned a record $7.7 billion cash to shareholders and started up key U.S. Gulf of Mexico projects. Worldwide net oil-equivalent production increased 7 percent from last year.
Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion.
Returned record $7.7 billion cash to shareholders.
Started up key U.S. Gulf of Mexico projects.
Optimizing portfolio with announced $6.5 billion sale of Canadian assets
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company expects to close asset sales in Canada, Congo and Alaska in fourth quarter 2024, as part of its plan to divest $10-15 billion of assets by 2028. Additionally, cost reduction efforts are underway, and the company is targeting $2-3 billion of structural cost reductions from 2024 by the end of 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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