Chevron (CVX) Misses Q3 EPS by 55c, Beats on Revenue

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Go back to Chevron (CVX) Misses Q3 EPS by 55c, Beats on Revenue

Chevron Reports Third Quarter 2023 Results

October 27, 2023 6:15 AM EDT

Reported earnings of $6.5 billion; adjusted earnings of $5.7 billion Acquired PDC Energy, Inc. and majority interest in ACES Delta, LLC Record year-to-date cash returned to shareholders of $20.0 billion Announced agreement to acquire Hess Corporation

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) reported earnings of $6.5 billion ($3.48 per share - diluted) for third quarter 2023, compared with $11.2 billion ($5.78 per share - diluted) in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560 million in Nigeria and pension settlement costs of $40 million. Foreign currency... More