---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-23-000085"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:33:51.770658+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000093410-23-000085
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341023000085/0000093410-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341023000085/cvx-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-23-000085
- JSON: https://secwatch.observer/filing/0000093410-23-000085.json
- Plain text: https://secwatch.observer/filing/0000093410-23-000085.txt

## Key facts
- Earnings Releases
  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
  source text: On October 27, 2023 , Chevron Corporation (the “Company”) issued a news release announcing unaudited third quarter 2023 earnings of $6.5 billion.
  evidence_url: https://www.sec.gov/Archives/edgar/data/93410/000009341023000085/0000093410-23-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.