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Dec 31, 2023
Chevron Q4 2023 Earnings Report
Chevron's Q4 2023 earnings were reported, with adjusted earnings surpassing reported earnings due to significant impairment charges and decommissioning obligations.
Key Takeaways
Chevron reported Q4 2023 earnings of $2.3 billion, or $1.22 per share diluted, which included $1.8 billion of U.S. upstream impairment charges and $1.9 billion of decommissioning obligations. Adjusted earnings were $6.5 billion, or $3.45 per share diluted. The company returned a record $26.3 billion of cash to shareholders in 2023 and achieved record annual worldwide and U.S. production.
Reported earnings were $2.3 billion, while adjusted earnings reached $6.5 billion.
A record $26.3 billion in cash was returned to shareholders in 2023.
The company achieved record annual worldwide and U.S. production levels.
An 8 percent increase in the quarterly dividend was announced, bringing it to $1.63 per share.
Forward Guidance
No specific forward guidance was provided in the release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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