Chevron Q4 2023 Earnings Report
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.
Chevron
Chevron
Forward Guidance
No specific forward guidance was provided in the release.