chevron reports third quarter 2023 results

• Reported earnings of $6.5 billion; adjusted earnings of $5.7 billion
• Acquired PDC Energy, Inc. and majority interest in ACES Delta, LLC
• Record year-to-date cash returned to shareholders of $20.0 billion
• Announced agreement to acquire Hess Corporation

San Ramon, Calif., October 27, 2023 – Chevron Corporation (NYSE: CVX) reported earnings of $6.5 billion ($3.48 per share - diluted) for third quarter 2023, compared with $11.2 billion ($5.78 per share - diluted) in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560 million in Nigeria and pension settlement costs of $40 million. Foreign currency effects increased earnings by $285 million. Adjusted earnings of $5.7 billion ($3.05 per share - diluted) in third quarter 2023 compared to adjusted earnings of $10.8 billion ($5.56 per share - diluted) in third quarter 2022.

Read the full press release with tables.