On August 2, 2024, Chevron Corporation reported unaudited earnings of $4.4 billion for the second quarter of 2024, a decrease from $6.0 billion in the same quarter of the previous year. The earnings were impacted by lower margins on refined product sales, unfavorable tax items, and negative foreign currency effects. Despite these challenges, Chevron's global production increased by 11 percent, largely due to the integration of PDC Energy, Inc. and strong performance in the Permian and DJ Basins. The company also expanded its global exploration portfolio with agreements in Namibia, Brazil, Equatorial Guinea, and Angola. Chevron returned $6 billion to shareholders in the quarter, maintaining a consistent track record of shareholder returns. The company's Board of Directors declared a quarterly dividend of $1.63 per share, payable on September 10, 2024. Chevron's capital expenditures for the quarter were up from the previous year, primarily due to increased investments in upstream assets.

On August 2, 2024, Chevron Corporation reported unaudited earnings of $4.4 billion for the second quarter of 2024, a decrease from $6.0 billion in the same quarter of the previous year. The earnings were impacted by lower margins on refined product sales, unfavorable tax items, and negative foreign currency effects. Despite these challenges, Chevron's global production increased by 11 percent, largely due to the integration of PDC Energy, Inc. and strong performance in the Permian and DJ Basins. The company also expanded its global exploration portfolio with agreements in Namibia, Brazil, Equatorial Guinea, and Angola. Chevron returned $6 billion to shareholders in the quarter, maintaining a consistent track record of shareholder returns. The company's Board of Directors declared a quarterly dividend of $1.63 per share, payable on September 10, 2024. Chevron's capital expenditures for the quarter were up from the previous year, primarily due to increased investments in upstream assets.