Chevron Q1 EPS $2.97, production +12% YoY, returns $6B to shareholders

CHEVRON CORP

2024-Q1 EPS reported $2.97 revenue$48,716,000,000

Reported earnings $5.5B ($2.97 diluted EPS) vs $6.6B ($3.46) YoY; adjusted $5.4B ($2.93).
Worldwide net oil-equivalent production 3,346 MBOED, up 12% YoY, driven by PDC acquisition and Permian/DJ Basins.
Cash returned to shareholders $6.0B: $3.0B dividends + ~$3.0B share repurchases; dividend $1.63/share payable June 10.
U.S. upstream earnings $2.075B vs $1.781B YoY; international upstream $3.164B vs $3.380B; downstream margins weaker.
Capital expenditures $4.1B (up from $3.0B YoY); free cash flow $2.7B vs $4.2B YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHEVRON CORP reported first quarter 2024 results: EPS $2.97 per share - diluted.

Period: first quarter 2024
EPS: $2.97 per share - diluted
Result: reported results

Exact text from the filing

On April 26, 2024 , Chevron Corporation (the “Company”) issued a news release announcing unaudited first quarter 2024 earnings of $5.5 billion.

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

CHEVRON CORP filing history →

Source: SEC EDGAR

accession 0000093410-24-000017

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