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
Infographic: How Lennar (LEN) performed in Q4 2025
Lennar Corporation (NYSE: LEN) reported total revenues of $9.4 billion for the fourth quarter of 2025, compared to $9.9 billion reported in the same period a year ago. Net earnings
Paychex expected to report higher revenue and earnings for Q2 FY26
Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is undergoing an AI-driven transformation that enhances both its internal operations and client-facing services. Entering fiscal 2026, the
Signet Jewelers (SIG): A look at the progress made on Grow Brand Love
Shares of Signet Jewelers Limited (NYSE: SIG) fell over 3% on Tuesday. The stock has gained 3% year-to-date. The jewelry retailer delivered strong results for the third quarter of 2026,
