Chevron Corporation
- Chevron Corp. eased 0.07% to $138.40 after the energy company reported first-quarter 2025 results.
Revenue declined to $47.61 billion from $48.72 billion, net income plunged to $3.50 billion from $5.50 billion, and diluted earnings per share fell to $2.00 from $2.97 a year ago.
“Included in the quarter was a net loss of $175 million related to legal reserves and a tax charge due to changes in the energy profits levy in the United Kingdom that were partially offset by the fair value measurement of Hess Corporation shares,” the company said in a release to investors.
Foreign currency effects decreased earnings by $138 million, the company added in the statement.
Over the last three years, Chevron has returned more than $78 billion of cash to shareholders, and during the first quarter, the company returned $6.9 billion of cash, including share repurchases of $3.9 billion and dividends of $3.0 billion.
The energy company proposed a quarterly dividend of $1.71 per share, payable on June 10 to stockholders on record as of May 19.
May 5, 2025 - Chevron Corp dropped 4.6% to $149.19 after the energy company reported a decline in downstream operations in the fourth quarter ending in December.
Revenue climbed to $52.23 billion from $47.18 billion, net income jumped to $3.26 billion from $2.26 billion, and earnings per diluted share rose to $1.84 from $1.22 a year ago.
In the United States, upstream sales improved to $1.42 billion compared to a loss of $1.35 billion, and international sales declined to $2.88 billion from $2.93 billion a year ago.
Sales from downstream operations in the United States swung to a negative of $348 million from a positive of $470 million, and downstream international sales dropped to $100 million from $677 million a year ago.
Overall upstream operations brought in $4.30 billion from $1.59 billion, while downstream remained in the red at a negative $817 million from a negative $474 million a year earlier.
Feb 3, 2025 - Chevron Corp. declined 1.1% to $154.60 after the energy company reported mixed results in the fourth quarter.
Revenue in the quarter increased to $52.2 billion from $47.2 billion; adjusted earnings per share declined to $2.06, down from $3.45 a year ago.
Jan 31, 2025 - Chevron Corp. declined 2.5% to $148.85 after the energy company reported weaker-than-expected second-quarter earnings due to weak crude oil refining margins.
Revenue increased to $51.2 billion from $48.9 billion, net income decreased to $4.4 billion from $6.0 billion, and diluted earnings per share fell to $2.43 from $3.20 a year ago.
Chevron's global production increased by 11% because of higher production at oil fields in the Permian and Denver-Julesburg basins and contributions from the recent acquisition of PDC Energy.
Chevron also executed agreements in Namibia, Brazil, Equatorial Guinea, and Angola to increase the company’s global exploration acreage footprint.
The company returned $6 billion of cash to shareholders during the quarter, including dividends of $3 billion and share repurchases of $3 billion.
The company's board declared $1.63 per share of quarterly dividend payable on September 10 to shareholders on record on August 19.
Aug 3, 2024 - Chevron increased 1.2% to $149.70 after the second-largest U.S. oil company reported a decline in earnings in its latest quarter but also rewarded its shareholders with record dividends and stock buybacks in 2023.
Total revenue in the fourth quarter decreased to $47.2 billion from $56.5 billion, net income plunged to $2.2 billion from $6.4 billion, and diluted earnings per share fell to $1.22 from $3.33 a year ago.
The company's annual worldwide net oil-equivalent production in 2023 surpassed 3.1 million barrels, driven by a 14% rise in production in the U.S.
Cash returned to shareholders increased 18% to $26 billion, including a dividend of $11.3 billion and a stock repurchase of $14.9 billion.
“In 2023, we returned more cash to shareholders and produced more oil and natural gas than any year in the company’s history,” said Mike Wirth, Chevron’s chairman and chief executive officer.
Feb 2, 2024
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 3.46 | 3.20 | 3.48 | - | - | |
| 2022 | 3.22 | 5.95 | 5.78 | 3.33 | 18.28 | |
| 2021 | 0.72 | 1.6 | 3.19 | 2.63 | 8.14 | |
| 2020 | 1.93 | -4.44 | -0.12 | -0.33 | -2.96 | |
| 2019 | 1.39 | 2.27 | 1.36 | -3.51 | 1.54 | |
| 2018 | 1.9 | 1.78 | 2.11 | 1.95 | 7.74 | |
| 2017 | 1.41 | 0.91 | 1.03 | 0.73 | 4.08 | |
| 2016 | 0.39 | 0.48 | 0.68 | 0.22 | 1.77 | |
| 2015 | 1.37 | 0.30 | 1.09 | 0.31 | 3.07 | |
| 2014 | 2.36 | 2.98 | 2.95 | 1.85 | 10.14 | |
| 2013 | 3.18 | 2.77 | 2.57 | 2.57 | 11.09 | |
| 2012 | 3.27 | 3.66 | 2.69 | 3.70 | 13.32 | |
| 2011 | 3.09 | 3.85 | 3.92 | 2.58 | 13.44 | |
| 2010 | 2.27 | 2.70 | 1.87 | 2.64 | 9.48 | |
| 2009 | 0.92 | 0.87 | 1.92 | 1.53 | 5.24 | |
| 2008 | 2.48 | 2.90 | 3.85 | 2.44 | 11.67 | |
| 2007 | 2.18 | 2.52 | 1.75 | 2.32 | 8.77 | |
| 2006 | 1.80 | 1.97 | 2.29 | 1.74 | 7.8 | |
| 2005 | 1.28 | 1.76 | 1.64 | 1.86 | 6.54 |