Power exploration firm Chevron Company (NYSE: CVX) on Friday introduced fourth-quarter 2024 monetary outcomes, reporting a rise in revenues.
Internet earnings attributable to Chevron Company rose to $3.24 billion or $1.84 per share within the fourth quarter from $2.26 billion or $1.22 per share within the prior yr interval. Adjusted revenue decreased 40% year-over-year to $2.06 per share.
Complete revenues and different earnings had been $52.2 billion within the December quarter, up 11% from $47.18 billion reported within the year-ago quarter.
“In 2024, we delivered record production, returned record cash to shareholders and started up key growth projects. Worldwide and U.S. net oil-equivalent production increased 7 and 19 percent, respectively, from last year,” stated Mike Wirth, Chevron’s chief govt officer.
