Chevron Corporation
- Chevron Corp. fell 0.2% to $151.40 after the energy company reported a decline in earnings in the June quarter.
Revenue decreased to $44.8 billion from $51.2 billion, net income dropped to $2.5 billion from $4.4 billion, and diluted earnings per share fell to $1.45 from $2.43 a year ago.
For the six-month period, revenue decreased to $92.4 billion from $99.9 billion, net income declined to $60.3 billion from $99.4 billion, and diluted earnings per share edged down to $3.45 from $5.40 a year ago.
The company returned $5.5 billion of cash to shareholders during the quarter, including share repurchases of $2.6 billion and dividends of $2.9 billion.
The company's board declared a dividend of $1.77 per share, payable on September 10 to shareholders on record on August 19.
The company achieved record production levels of one million barrels of oil equivalent (BOE) per day in the Permian Basin and closed the acquisition of Hess Corporation in July, enhancing the company’s asset portfolio and long-term growth potential.
Aug 4, 2025
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