Energy exploration company Chevron Corporation (NYSE: CVX) announced second-quarter 2023 financial earnings results, reporting a sharp fall in net profit and revenues.
Net income attributable to Chevron Corporation was $6.01 billion or $3.20 per share in the second quarter, compared to $11.6 billion or $5.95 per share last year. Adjusted profit decreased 47% year-over-year to $3.08 per share.
Total revenues and other income were $48.9 billion in the June quarter, down 29% from $68.8 billion reported in the year-ago quarter.
“Our quarterly financial results remain strong, and we returned record cash to shareholders. The company has delivered more than 12 percent ROCE for eight straight quarters and returned $7.2 billion to shareholders in the quarter, an increase of 37 percent from the year-ago period,” said Mike Wirth, Chevron’s chief executive officer.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Take-Two Interactive Software (TTWO) Earnings: 4Q24 Key Numbers
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) reported net revenue of $1.40 billion for the fourth quarter of 2024, which was down 3% year-over-year. Net loss was $2.90 billion, or $17.02
Applied Materials (AMAT) Earnings: 2Q24 Key Numbers
Applied Materials, Inc. (NASDAQ: AMAT) reported revenue of $6.65 billion for the second quarter of 2024, which remained flat year-over-year. GAAP net income increased 9% to $1.72 billion and EPS
What to expect when Macy’s (M) reports its Q1 2024 earnings results
Shares of Macy’s, Inc. (NYSE: M) stayed green on Thursday. The stock has gained 23% over the past 12 months. The retailer is scheduled to report its first quarter 2024