Chevron earnings fall but shareholders see record windfall in 2023, company raises dividend 8%
Publishing timestamp: 2024-02-02 11:08:24
Summary
Chevron's quarterly profit fell due to lower oil prices and charges, but it exceeded analyst estimates. The company returned $26.3 billion to investors in 2023 through dividends and share buybacks. Chevron's board approved an 8% increase in the quarterly dividend. The company produced 3.1 million oil-equivalent barrels per day, with 14% growth in the US. Chevron's stock rose more than 3% in morning trading.
Sentiment: MIXED
Keywords: energy, oil and gas, earnings, hess corp, breaking news: earnings, business news, breaking news: markets, chevron corp,
Source: https://www.cnbc.com/2024/02/02/chevron-cvx-q4-earnings-report-2023.html