Chevron: EPS down 18% in Q3
(CercleFinance.com) - Chevron reports Q3 2024 adjusted net income of $4.
53bn, or $2.51 per share, down nearly 18% y-o-y. NB: pmt +2.1%.
This year-on-year decline was primarily due to lower refined product sales margins, lower realizations and the absence of last year's favorable tax items, the oil and gas company explains.
Chevron reports global production of over 3.36 million barrels of oil equivalent net per day, up 7% primarily thanks to record production in the Permian Basin and the acquisition of PDC Energy.
The company also highlights the progress made on its $10bn-15bn asset sales program by 2028 and its plan to reduce structural costs by $2bn-3bn from 2024 to end-2026.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
53bn, or $2.51 per share, down nearly 18% y-o-y. NB: pmt +2.1%.
This year-on-year decline was primarily due to lower refined product sales margins, lower realizations and the absence of last year's favorable tax items, the oil and gas company explains.
Chevron reports global production of over 3.36 million barrels of oil equivalent net per day, up 7% primarily thanks to record production in the Permian Basin and the acquisition of PDC Energy.
The company also highlights the progress made on its $10bn-15bn asset sales program by 2028 and its plan to reduce structural costs by $2bn-3bn from 2024 to end-2026.
Copyright (c) 2024 CercleFinance.com. All rights reserved.