Strong shareholders in the market …

• Income: 3.5 billion US dollars or $ 2 per share; Adjusted profit of 3.8 billion US dollars or $ 2.18 per share.

• Detailed cash returned to the shareholders: 6.9 billion US dollars through dividends and return purchases.

• Cashflow from the company: 7.6 billion US dollars without operating capital.

• Organic investments: 3.5 billion US dollars, the lowest quarterly sum in two years.

• Inorganic Capex: Approx. 400 million US dollars.

• Netto debt rate: 14%below the target range of 20%to 25%.

• Share returns: Probably 2.5 to 3 billion US dollars of 2.5 billion US dollars in the second quarter.

• Production: The oil equivalent production in the first quarter was flat compared to the last quarter.

• Adjusted upstream income: Flat until the last quarter.

• Adjusted downstream income: Higher due to improved refinery edges and less maintenance.

Appearance date: May 02, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• Chevron Corp (NYSE: CVX) returned 6.9 billion US dollars to shareholders through dividends and return purchases in the first quarter.

• The company reached the first oil in Ballymore in the Gulf of America and, by 2026, contributed to a forecast production increase to 300,000 barrels oil equivalent per day.

• Chevron Corp (NYSE: CVX) has a strong record with a net debt ratio of 14%, well below its target range of 20%to 25%.

• The company has proven track record in administration through uncertainty in raw material cycles, whereby the costs and the capital discipline concentrate.

• Chevron Corp (NYSE: CVX) extends its pipeline of future opportunities and has added more than 11 million hectares of net exploration since the beginning of last year.

• Chevron Corp (NYSE: CVX) made a profit of 3.5 billion US dollars, including special items of a total of 175 million US dollars, which affected the overall level.

• The company spent a new long-term debt of $ 5.5 billion in the quarter, which could affect future financial flexibility.

• Due to the current market conditions, Chevron Corp (NYSE: CVX) reduced its return to the lower end of its range of 10 to 20 billion US dollars.

• The company is based on the state guidelines that make it difficult to invest in the region.

• The Chevron Corp (NYSE: CVX) has a cost pressure in its power supply company due to the inflation pressure in the room.

Q: Mike, I know that they were in Kazakhstan a few weeks ago. Can you present an update about the future growth project and the discussions about the concession expansion? A: Michael Wirth, CEO: The commissioning and start-up in the future growth project were first class and reached the tutor capacity in less than 30 days. We are satisfied with the performance and carry out performance tests and optimization. I met President Tokayev in Kazakhstan and we discussed the expansion of the license to 2033. The discussions are complex, but promising, and we want to conclude the negotiations in good time.