Energy exploration company Chevron Corporation (NYSE: CVX) announced third-quarter 2023 financial results, reporting a sharp fall in net profit and revenues.
Net income attributable to Chevron Corporation was $6.53 billion or $3.48 per share in the third quarter, compared to $11.23 billion or $5.78 per share last year. Adjusted profit decreased 45% year-over-year to $3.05 per share.
Total revenues and other income were $54.08 billion in the September quarter, down 19% from $66.64 billion reported in the year-ago quarter.
“Chevron is delivering strong financial results while also investing to profitably grow our traditional and new energy businesses to drive superior value for shareholders,” said Mike Wirth, Chevron’s chief executive officer.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
USB Earnings: US Bancorp Q1 profit jumps on higher interest income
U.S. Bancorp (NYSE: USB) Wednesday reported a double-digit growth in first-quarter earnings, reflecting an increase in net interest income. Total net revenue increased 3.6% from last year to $7.0 billion
Abbott Laboratories (ABT) Q1 2025 Earnings: Key financials and quarterly highlights
Abbott Laboratories (NYSE: ABT) reported its first quarter 2025 earnings results today. Total sales increased 4% year-over-year to $10.35 billion. Organic sales growth was 6.9%. Net earnings grew 8.2% to
UAL Earnings: Highlights of United Airlines’ Q1 2025 financial results
Aviation giant United Airlines Holdings, Inc. (NYSE: UAL) on Tuesday announced financial results for the first quarter of 2025. Net income, on an adjusted basis, was $0.91 per share in
