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Published 3 months ago

Chevron earnings fall but shareholders see record windfall in 2023, company raises dividend 8%

Summary by Ground News

Chevron returned $26.3 billion of cash to its shareholders last year between dividends and share buybacks. The returns overshadowed fourth-quarter earnings that were hit by impairment charges and a huge revenue miss. The company also announced an 8% increase in its quarterly dividend to $1.63 a share.

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Chevron earnings fall but shareholders see record windfall in 2023, company raises dividend 8%

Chevron's profits sagged as the company's U.S. oil and gas assets posted a loss of $1.35 billion.

3 months ago·United States

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Chevron returns record sum to shareholders, offsetting a big revenue miss

Oil major’s revenue was about $3.7 billion below consensus as profit was hit by impairment charges.

3 months ago·United States

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Exxon and Chevron Announce Record Shareholder Returns in Hottest Year on Record

CEO Mike Wirth boasted that in 2023 Chevron "produced more oil and natural gas than any year in the company's history."

3 months ago·United States

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