Chevron Q2 earnings $6.0B ($3.20/dil) down 48%; record Permian production, $7.2B returned

CHEVRON CORP

2023-Q2 EPS reported $6.66 revenue$99,689,000,000

Adjusted EPS $3.08 vs $5.82 in Q2 2022; revenue $47.2B, down from $65.4B.
Record Permian production 772,000 boe/d, up 11% YoY; total worldwide production up 2%.
Record shareholder distributions of $7.2B including $4.4B buybacks, up 37% from year-ago.
Acquiring PDC Energy all-stock, expected August 2023, adding $1B annual free cash flow.
Quarterly dividend $1.51/share, payable Sept 11, 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CHEVRON CORP reported second quarter 2023 results: revenue $47.2 billion, net income $6.0 billion, EPS $3.20 per share - diluted.

Period: second quarter 2023
Revenue: $47.2 billion
Net income: $6.0 billion
EPS: $3.20 per share - diluted
Result: reported results

Exact text from the filing

to second quarter 2022 primarily due to lower upstream realizations and lower margins on refined product sales. • Sales and other operating revenues in second quarter 2023 were $47.2 billion, down from $65.4 billion in the year-ago period primarily due to lower commodity prices. • Worldwide net oil-equivalent production was up 2 percent from the year-ago quarter

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Source: SEC EDGAR

accession 0000093410-23-000076

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