press release

Chevron Reports Second Quarter Net Income of $4.3 Billion

  • Upstream volumes up 9 percent from prior year; includes Permian unconventional production of 421,000 barrels per day
  • Second quarter cash flow from operations of $8.8 billion
  • Share repurchases of $1.0 billion in second quarter

San Ramon, Calif., Aug. 2, 2019 – Chevron Corporation (NYSE: CVX) today reported earnings of $4.3 billion ($2.27 per share - diluted) for second quarter 2019, compared with $3.4 billion ($1.78 per share - diluted) in the second quarter of 2018. Included in the current quarter were earnings of $740 million associated with the Anadarko merger termination fee and a non-cash tax benefit of $180 million related to a reduction in the Alberta, Canada corporate income tax rate. Foreign currency effects increased earnings in the 2019 second quarter by $15 million.

Sales and other operating revenues in second quarter 2019 were $36 billion, compared to $40 billion in the year-ago period.

Read the full press release with tables.

Published: August 2019