Chevron Q3 earnings $6.5B, down 42% YoY; announces Hess acquisition

CHEVRON CORP

2023-Q3 EPS reported $10.14 revenue$153,769,000,000

Reported earnings $6.5B ($3.48 diluted) vs $11.2B ($5.78) a year ago; adjusted earnings $5.7B ($3.05) vs $10.8B ($5.56).
Announced definitive agreement to acquire Hess Corporation (NYSE: HES) to strengthen long-term performance.
Record YTD cash returned to shareholders of $20.0B, 27% higher than prior year's record; quarterly dividend $1.51/share payable Dec 11.
Completed acquisition of PDC Energy, adding 179,000 boe/d in the DJ Basin; also acquired majority stake in ACES Delta green hydrogen hub.
Worldwide net oil-equivalent production up 4% YoY; U.S. production up 20% to a quarterly record due to PDC and Permian growth.

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 0.95

CHEVRON CORP reported third quarter 2023 results: net income $6.5 billion, EPS $3.48 per share - diluted.

Period: third quarter 2023
Net income: $6.5 billion
EPS: $3.48 per share - diluted
Result: reported results

Exact text from the filing

On October 27, 2023 , Chevron Corporation (the “Company”) issued a news release announcing unaudited third quarter 2023 earnings of $6.5 billion.

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18 earnings releases filed in the last 30 days. Browse all earnings releases →

CHEVRON CORP filing history →

Source: SEC EDGAR

accession 0000093410-23-000085

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