Chevron (CVX) Tops Q1 EPS by 17c

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Chevron Announces First Quarter 2023 Results

April 28, 2023 6:15 AM EDT

Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash flow of $4.2 billion Shareholder distributions of $6.6 billion, up 65 percent from first quarter 2022

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) today reported earnings of $6.6 billion ($3.46 per share - diluted) for first quarter 2023, compared with $6.3 billion ($3.22 per share - diluted) in first quarter 2022. Included in the current quarter was a $130 million tax charge related to changes in the energy profits levy in the United Kingdom. Foreign currency effects decreased... More