Chevron earnings soar to a record | CNN Business




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CNN
 — 

Chevron reported a record full-year profit of $36.5 billion, buoyed by high oil prices.

Adjusted earnings for the year more than doubled from the $15.6 billion Chevron earned in 2021 and up 36% from its previous record profit set in 2011.

The oil company’s fourth-quarter earnings came in at $7.9 billion, up 61% from a year earlier but less than the record quarterly income of $11.4 billion it reported for the second quarter. And the fourth quarter earnings per share of $4.09 fell short of the forecast of $4.38 a share from analysts surveyed by Refinitiv.

This is a developing story. It will be updated.



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