Chevron Reports Q1 Results with U.S. Production Growth of 24% and Shareholder Returns
Chevron reported first-quarter earnings that fell 35% year-over-year, primarily due to a $2.9 billion headwind from hedging activity timing. Despite this, the company increased U.S. production by 24%, driven in part by its acquisition of Hess and strong performance in key regions like the Gulf of Mexico and Permian Basin. Chevron also returned $6 billion to shareholders through dividends and share repurchases.
Tickers: $CVX
Topics: dividend_returns energy oil_production shareholder_value