Chevron's Q3 revenue down 6% to $50.7B - Breaking The News

Chevron's Q3 revenue down 6% to $50.7B

1 November

1 min read

EPA-EFE/JOHN G. MABANGLO

Chevron Corp. announced on Friday that its revenue in the third quarter of 2024 stood at $50.7 billion, dropping by 6% compared to the same period a year earlier, but beating market expectations.

Net income attributable to Chevron declined from $6.6 billion in the third trimester of 2023 to $4.5 billion this year, or $2.49 per diluted share. Chevron's worldwide net oil-equivalent production in the three-month period stood at 3.17 million barrels per day, rising 7% year-over-year.

"We delivered strong financial and operational results, started up key projects in the US Gulf of Mexico and returned record cash to shareholders this quarter," CEO Mike Wirth noted.

Chevron's shares gained 2.14% during premarket trading, selling at $152.00 per share.

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