Chevron: quarterly earnings at highest level since 2013

(CercleFinance.com) - Chevron has reported Q3 2021 adjusted net income of 5.
7 billion dollars, or 2.96 dollars per share, compared with 340 million dollars, or 18 cents per share, for the same period in 2020.

It says that these results, which are the highest since the first quarter of 2013, are largely thanks to better market conditions, strong operating performance and a lower cost structure.

The energy group has also announced free cash flow of 6.7 billion dollars, again the best in its history, and says it reduced its debt by 5.6 billion dollars, in addition to paying 2.6 billion dollars in dividends and buying back 625 million dollars worth of its shares.

The share is up almost 2% in pre-market trading today.


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