Chevron Q4 2024 Earnings Report

Chevron's Q4 2024 earnings were reported, showing a decrease in earnings compared to the previous year, but highlighted record production and cash returns to shareholders.

Key Takeaways

Chevron reported Q4 2024 earnings of $3.2 billion, a decrease from $2.3 billion in Q4 2023. Adjusted earnings were $3.6 billion, compared to $6.5 billion in the prior year. Despite lower earnings, the company achieved record production and returned a record $27 billion in cash to shareholders in 2024.

Reported earnings were $3.2 billion, with adjusted earnings of $3.6 billion.

Returned a record $27 billion cash to shareholders in 2024.

Increased worldwide and U.S. production by 7 and 19 percent, respectively, reaching record levels.

Advanced key project start-ups and milestones in the U.S. and Kazakhstan.

Total Revenue

$52.2B

Previous year: $47.2B