Chevron Returns Record Cash to Investors as Oil and Gas Output Hits New High

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Chevron Returns Record Cash to Investors as Oil and Gas Output Hits New High

Chevron (NYSE: CVX) boosted cash returns to shareholders to a record and set annual oil and gas production records in 2023, as it reported its second-highest yearly earnings last year and fourth-quarter profits beating consensus estimates. Chevron reported on Friday adjusted earnings of $6.5 billion, or $3.45 per share, for the fourth quarter 2023, compared to adjusted earnings of $7.9 billion, or $4.09 per share for the same period of 2022. Rep…