Chevron (CVX) Tops Q1 EPS by 9c

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Chevron Announces First Quarter 2022 Results

April 29, 2022 6:15 AM EDT

Reported earnings of $6.3 billion; adjusted earnings of $6.5 billion Cash flow from operations of $8.1 billion; free cash flow of $6.1 billion Record Permian Basin unconventional production

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $6.3 billion ($3.22 per share - diluted) for first quarter 2022, compared with $1.4 billion ($0.72 per share - diluted) in first quarter 2021. Included in the current quarter were pension settlement costs of $66 million. Foreign currency effects decreased earnings by $218 million. Adjusted earnings of $6.5 billion ($3.36 per share - diluted) in first quarter 2022 compares... More