Description

Chevron Corporation: Improving Productivity in the Permian Basin 

Chevron Corporation recorded a strong first quarter of 2024, delivering its ninth successive quarter with adjusted earnings exceeding $5 billion and a return of capital employed (ROCE) above 12%. The company also posted a more than 10% growth in production compared to the same quarter last year. Chevron returned $6 billion in cash to shareholders in Q1 2024, marking its eighth consecutive quarter of returning over $5 billion. The firm’s CEO, Mike Wirth, stated that the merger with Hess Corporation was progressing well and affirmed that a preemption right did not apply to the transaction. The merger is expected to establish Chevron as a premier energy company offering superior shareholder value.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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