- Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion
- Returned record $27 billion cash to shareholders in 2024
- Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels
- Delivered key project start-ups and milestones in the U.S. and Kazakhstan
- Announced a 5 percent increase in quarterly dividend to $1.71 per share
Chevron reported earnings of $3.2 billion ($1.84 per share - diluted) for fourth quarter 2024, compared with $2.3 billion ($1.22 per share - diluted) in fourth quarter 2023. Included in the quarter were severance charges of $715 million and impairment charges of $400 million. Foreign currency effects increased earnings by $722 million. Adjusted earnings of $3.6 billion ($2.06 per share - diluted) in fourth quarter 2024 compared to adjusted earnings of $6.5 billion ($3.45 per share - diluted) in fourth quarter 2023. See Attachment 4 for a reconciliation of adjusted earnings.
Read the full press release with tables.
Source: Chevron
