Chevron Q2 adjusted earnings $5.8B, down 49% YoY; record Permian production

CHEVRON CORP

2023-Q2 EPS reported $6.66 revenue$99,689,000,000

Reported earnings $6.0B ($3.20 diluted EPS) vs $11.6B ($5.95) in Q2 2022.
Adjusted earnings $5.8B ($3.08 per share); year-ago adjusted $11.4B.
Permian Basin production hit record 772,000 boe/d, up 11% YoY.
Record shareholder distributions of $7.2B ($2.8B dividends, $4.4B buybacks).
PDC Energy acquisition expected to close in August 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHEVRON CORP reported Second Quarter 2023 results: net income $6,010 million, EPS $3.20.

Period: Second Quarter 2023
Net income: $6,010 million
EPS: $3.20
Result: reported results

Exact text from the filing

Total Earnings / (Loss) $ MM $ 6,010 $ 6,574 $ 11,622 $ 12,584 $ 17,881 Upstream $ MM $ 4,936 $ 5,161 $ 8,558 $ 10,097 $ 15,492 Downstream $ MM $ 1,507 $ 1,800 $ 3,523 $ 3,307 $ 3,854 All Other $ MM $ (433 ) $ (387 ) $ (459 ) $ (820 ) $ (1,465 ) Earnings Per Share - Diluted $/Share $ 3.20 $ 3.46 $ 5.95 $ 6.66 $ 9.17

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

CHEVRON CORP filing history →

Source: SEC EDGAR

accession 0000950142-23-002083

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