Chevron annual profit doubles to record $36.5 billion, but misses estimates

Chevron annual profit hits record but Q4 miss hits shares

US Oil producer Chevron Corp on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings

Chevron Annual Profit Hits Record but Q4 Miss Hits Shares

HOUSTON—Chevron Corp. on Friday posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings, but the bottom line fell shy of Wall Street estimates, undercut by asset writedowns and rising costs. The second largest U.S. oil producer’s adjusted net profit for 2022 exceeded its previous record set in 2011 by about $10 billion. Still, higher expenses and weaker oil and fuel profits left fourth-quarter earnings 6.6 p…

Chevron earnings soar to a record

Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011.

Chevron posts record earnings for 2022

California oil giant Chevron Corp. posted record profits of $35.5 billion last year, according to a 2022 fourth quarter report released on Friday. Last year’s earnings were more than double those of 2021, when profits reached only $15.6 billion. Driving up profits was a record annual cash flow from oil operations of $49.6 billion, according…

Chevron earnings soar to a record

(CNN) -- Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices. Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011. The oil company's fourth-quarter earnings came in at $7.9 billion, up 61% from a year earlier but less than the record quarterly income of $11.4 billion it reported for the second quarter. The fourth q…

Chevron annual profit doubles to record $36.5 billion

Chevron has today posted a record $36.5 billion profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates, undercut by an asset writedowns and a retreat in oil and gas prices.