Power exploration firm Chevron Company (NYSE: CVX) on Friday introduced third-quarter 2024 monetary outcomes, reporting a decline in web revenue and revenues.
Web revenue attributable to Chevron Company dropped to $4.49 billion or $2.48 per share within the third quarter from $6.53 billion or $3.48 per share within the prior 12 months interval. Adjusted revenue decreased 18% year-over-year to $2.51 per share.
Whole revenues and different revenue have been $50.7 billion within the September quarter, down 6% from $54.08 billion reported within the year-ago quarter.
“We delivered strong financial and operational results, started up key projects in the U.S. Gulf of Mexico, and returned record cash to shareholders this quarter,” mentioned Mike Wirth, Chevron’s chief govt officer.