chevron reports first quarter 2024 results

• Reported earnings of $5.5 billion; adjusted earnings of $5.4 billion
• Worldwide production 12 percent higher than a year ago
• Returned $6 billion cash to shareholders; eighth straight quarter over $5 billion
• Achieved key project milestones in Kazakhstan, East Mediterranean and U.S.

San Ramon, Calif., April 26, 2024 – Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - diluted) in first quarter 2023. Foreign currency effects increased earnings by $85 million. Adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024 compared to adjusted earnings of $6.7 billion ($3.55 per share - diluted) in first quarter 2023. See Attachment 4 for a reconciliation of adjusted earnings.

Read the full press release with tables.