Chevron reports Q4 adjusted EPS $4.09, consensus $4.38

Reports Q4 revenue $56.47B, consensus $54.63B. We delivered record earnings and cash flow in 2022, while increasing investments and growing U.S. production to a company record. Again in 2022, we delivered on our financial priorities: returning cash to shareholders, investing capital efficiently, and paying down debt," said Mike Wirth, Chevron’s chairman and CEO. The company said its investments increased by more than 75% from 2021, and annual U.S. production increased to 1.2 million barrels of oil equivalent per day, led by 16% growth in Permian Basin unconventional production.