The company said that its earnings for Q3 2024 were $4.5 billion ($2.48 per diluted share), compared with $6.5 billion ($3.48 per diluted share) for Q3 2023. Adjusted earnings were $4.5 billion ($2.51 per share), compared with $5.7 billion ($3.05 per share) a year earlier.

1. 01

   The company said that its earnings for Q3 2024 were $4.5 billion ($2.48 per diluted share), compared with $6.5 billion ($3.48 per diluted share) for Q3 2023. Adjusted earnings were $4.5 billion ($2.51 per share), compared with $5.7 billion ($3.05 per share) a year earlier.

2. 02

   Chevron cited lower margins on refined product sales, lower realizations and the absence of prior year favorable tax items as the main reasons Q3 earnings declined from a year earlier. The company said worldwide net oil-equivalent production rose 7% from last year.

3. 03

   Chevron said operating cash flow for Q3 was $9.7 billion and it returned a record $7.7 billion to shareholders. This included share repurchases of $4.7 billion and dividends of $2.9 billion.

4. 04

   Chevron announced it will sell its interests in the Athabasca Oil Sands Project and Duvernay shale assets for $6.5 billion and expects the sale to close in Q4 2024. The company also said it cleared the Federal Trade Commission antitrust review of its pending merger with Hess Corporation.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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