chevron announces second quarter 2022 results

• Reported earnings of $11.6 billion; adjusted earnings of $11.4 billion
• Cash flow from operations of $13.8 billion; free cash flow of $10.6 billion
• Completed acquisition of Renewable Energy Group, Inc.

San Ramon, Calif., July 29, 2022 – Chevron Corporation (NYSE: CVX) today reported earnings of $11.6 billion ($5.95 per share - diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share - diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million, and a gain on asset sales of $200 million. Foreign currency effects increased earnings by $668 million. Adjusted earnings of $11.4 billion ($5.82 per share - diluted) in second quarter 2022 compares to adjusted earnings of $3.3 billion ($1.71 per share - diluted) in second quarter 2021.

Sales and other operating revenues in second quarter 2022 were $65 billion, compared to $36 billion in the year-ago period.

Read the full press release with tables.