1/27, 12:48 PM (Source: TeleTrader)
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Chart for: Chevron Corp

Chevron's revenue at $56.5 billion in Q4 2022

Chevron Corp. announced Friday that its fourth-quarter total revenues and other incomes stood at $56.5 billion, compared with the $48.1 billion of the same quarter a year earlier. For 2022, the company's revenue came in at $246 billion, higher than $162 billion for 2021.

The company's net income for the quarter that ended December 31 rose to $6.4 billion, while for 2022 was $35.5 billion. Chevron also noted that diluted earnings per share for the reported period was $3.33 per share versus $2.63 year over year, while for 2022, $18.28 per share vs. $8.14 in 2021.

"We delivered record earnings and cash flow in 2022 while increasing investments and growing US production to a company record," said Mike Wirth, Chevron's Chairman, and Chief Executive Officer. "Again in 2022, we delivered on our financial priorities: returning cash to shareholders, investing capital efficiently, and paying down debt." After the report's publication, at 7:05 am ET, Chevron's share fell 0.97% to sell for $185.96.

Baha Breaking News (BBN) / JG