---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-23-002083"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T04:43:04.867357+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000950142-23-002083
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000095014223002083/0000950142-23-002083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000095014223002083/eh230384172_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-23-002083
- JSON: https://secwatch.observer/filing/0000950142-23-002083.json
- Plain text: https://secwatch.observer/filing/0000950142-23-002083.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/93410/000095014223002083/0000950142-23-002083-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.