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HomeLatest NewsThe oil company Chevron doubles its benefits after earning 32,666 million

The oil company Chevron doubles its benefits after earning 32,666 million

Date: December 10, 2023 Time: 22:45:50

Chevron, an American company dedicated to hydrocarbons, has registered net profits of 35,465 million dollars (32,666 million euros) during the last year, these figures mean that the company doubles those of 15,625 million dollars9 euros 2021, registering an increase of 126.9%.

In terms of income, they reached 246,252 million dollars (226,816 million euros), which represents an increase of 51.6% compared to the turnover of 162,465 million dollars (149,642 million euros) of the previous year. In the fourth quarter, net profit reached 6,353 million dollars (5,852 million euros), compared to the positive balance of 5,055 million dollars (4,656 million euros) a year earlier, 25.7% more year-on-year, according to informed the company.

For its part, quarterly revenues were 56,473 million dollars (52,016 million euros), which represents a significant increase compared to the turnover of 48,129 million dollars (44,330 million euros) in 2021. The firm company has achieved and continue with its positive trends in the face of market changes that we have experienced during 2022.

The record production of oil and gas in the United States by Chevron, mainly in the Permian Basin, and the high prices of energy due to the war in Ukraine are behind the increase in profitability of the oil company, which has seen its profits fall. They have shot at the needs of European countries.

“We are well positioned to lead in both conventional and new energy while generating profits, reducing our carbon footprint and enhancing our shareholder assets,” said Mike Wirth, Chairman and CEO of Chevron.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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