earnings
confidence high
sentiment neutral
materiality 0.80
Chevron Q3 earnings $4.5B, down 31% YoY; returns record $7.7B to shareholders
CHEVRON CORP
2024-Q3 EPS reported
$7.88
revenue$150,566,000,000
- Reported earnings $4.5B ($2.48/diluted EPS) vs $6.5B ($3.48) in Q3 2023; adjusted EPS $2.51.
- Cash flow from operations $9.7B; returned record $7.7B to shareholders ($4.7B buybacks, $2.9B dividends).
- Worldwide net oil-equivalent production up 7% YoY, driven by Permian Basin record and PDC acquisition.
- Key Gulf of Mexico projects (Anchor, Jack/St. Malo, Tahiti) started; targeting 300k boe/d by 2026.
- Announced $6.5B sale of Canadian Athabasca assets; Hess merger cleared FTC review.