Chevron (CVX) Q4 2023 earnings report

Chevron (CVX) Q4 2023 earnings report

A Chevron gas station sign is seen on October 23, 2023 in Austin, Texas.

Brandon Bell | Getty Images

Chevron said its fourth-quarter profit fell sharply from a year ago, hurt by a number of impairment charges, but the second-largest US oil company has not yet been able to return a record amount of cash to its shareholders in 2023.

The oil major returned $23.6 billion to investors by paying $11.3 billion in dividends and buying back shares worth $14.9 billion last year. It did so despite a nearly 40% drop in profits to $21.3 billion from $35.5 billion in 2022.

(Tags for translation) Breaking News: Earnings

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