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Dec 31, 2024
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.
Chevron
Chevron
Forward Guidance
Chevron is targeting $2-3 billion of structural cost reductions by the end of 2026.