chevron reports fourth quarter 2024 results

• 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

 

Houston (January 31, 2025) – Chevron Corporation (NYSE: CVX) 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.