Chevron Q3 2024 Earnings Report
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
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Chevron Revenue by Segment
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