secwatch.observer — SEC 8-K summary
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Issuer:     CHEVRON CORP (CVX)
CIK:        0000093410
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0000093410-23-000085
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93410/000009341023000085/0000093410-23-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93410/000009341023000085/cvx-20231027.htm
  HTML page:      https://secwatch.observer/filing/0000093410-23-000085

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