chevron announces third quarter 2022 results
- Reported earnings of $11.2 billion; adjusted earnings of $10.8 billion
- Cash flow from operations of $15.3 billion; free cash flow of $12.3 billion
- Shareholder distributions of $6.5 billion
San Ramon, Calif., October 28, 2022 – Chevron Corporation (NYSE: CVX) today reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19 per share - diluted) in third quarter 2021. Included in the current quarter were pension settlement costs of $177 million. Foreign currency effects increased earnings by $624 million. Adjusted earnings of $10.8 billion ($5.56 per share - diluted) in third quarter 2022 compares to adjusted earnings of $5.7 billion ($2.96 per share - diluted) in third quarter 2021.
Sales and other operating revenues in third quarter 2022 were $64 billion, compared to $43 billion in the year-ago period.
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