Chevron's Q4 earnings beat expectations with 29% increase in profit, driven by higher oil prices.

From Barchart: 2025-01-16 07:31:28

1. Chevron Corp reported a 29% increase in fourth-quarter earnings, beating expectations on strong production and higher oil prices.
2. The company’s net income rose to $3.75 billion, or $1.97 per share, up from $2.93 billion, or $1.49 per share, a year earlier.
3. Chevron’s revenue also surged to $42.1 billion from $36.35 billion in the same period last year, driven by increased output in the Permian Basin and higher natural gas prices.
4. The energy giant’s CEO highlighted the company’s commitment to disciplined spending and capital discipline, positioning Chevron for sustainable growth in the future.

Read more at Barchart: What to Expect From Chevron’s Q4 2024 Earnings Report