Chevron: EPS down 18% sequentially in Q4

(CercleFinance.com) - Chevron reports adjusted net income of $3.
63bn for Q4 2024, or $2.06 per share, down 18% relative to previous quarter and below analysts' expectations.

For FY 2024, the energy group's adjusted EPS fell by over 23% to $10.05, mainly due to lower margins on refined product sales, lower realised prices and severance payments.

Chevron also claims record net oil equivalent production, up 7%, driven mainly by an 18% increase in the Permian Basin and the full-year accounting of PDC Energy production.


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