secwatch.observer — SEC 8-K summary
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Issuer:     CHEVRON CORP (CVX)
CIK:        0000093410
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000093410-24-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/93410/000009341024000017/0000093410-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/93410/000009341024000017/cvx-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000093410-24-000017

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