Chevron's revenue falls 19% to $54.1B in Q3 - Breaking The News

Chevron's revenue falls 19% to $54.1B in Q3

27 October

1 min read

EPA-EFE/RAYNER PENA R

Chevron Corp. announced on Friday that its revenue in the third quarter of 2023 stood at $54.1 billion, dropping by 19% compared to the same period a year earlier.

Net income attributable to Chevron declined from $11.2 billion in the third trimester of 2022 to $6.6 billion this year, or $3.48 per diluted share. Chevron's worldwide net oil-equivalent production in the three-month period stood at 3.15 million barrels per day, rising 6% year-over-year.

"Chevron is delivering strong financial results while also investing to profitably grow our traditional and new energy businesses to drive superior value for shareholders," CEO Mike Wirth noted.

Chevron's shares fell 0.64% during premarket trading, selling at $153.76 per share.

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