CVX Chevron (CVX) Q4 FY24 earnings call
Chevron delivered strong Q4 FY24 results, achieving record production and returning $27 billion to shareholders. The company is poised for significant free cash flow growth, targeting an additional $10 billion annually by 2026, driven by key project start-ups like FGP and Gulf of America assets. Management also announced a 5% dividend increase and plans for structural cost reductions, while navigating Q4 earnings impacts from special items and lower margins.
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CVX operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Production Permian | 1M boe/d+In the Permian, production averaged more than 1 million barrels of oil equivalent per day, a target we introduced over 5 years ago and achieved right on schedule.Source: earnings call transcript | 1M boe/dAnd as you know, we've got multiple large assets in there, 1 million barrels a day in the Permian, 400 in the DJ, 200 in the Bakken.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.