HES - Oil Major Chevron's Mixed Q4 Results: US Upstream Loss Dividend Boost & More | Benzinga
Oil giant Chevron Corp (NYSE:CVX) shares are rising after its reported mixed fourth-quarter FY23 results.
Total revenues and other income of $47.18 billion missed the consensus of $51.62 billion. Sales and other operating revenues fell to $48.93 billion from $54.52 billion a year ago.
Worldwide net oil-equivalent production rose to 3,392 MBOED from 3,011 MBOED a year ago in the quarter and was up 4% in 2023, primarily led by the acquisition of PDC Energy, Inc. and growth in the Permian Basin (+10% Y/Y) in the year.
Adjusted net earnings were $6.45 billion, with Adjusted EPS being $3.45 (down from $4.09) in the quarter, beating the consensus of ...