Chevron Sent Investors a Record $27 Billion in Cash Last Year and Could Return Even More in 2025
Last year was one for the record books for Chevron (NYSE: CVX). The energy giant increased its global production by 7% and U.S. output by 19% to record levels. The company also returned a record $27 billion in cash to shareholders through dividends and repurchases.The oil company is in an excellent position to build on last year's record performance in 2025. Here's a look at what fueled Chevron's record results last year and why this year could be another one for the record books.Chevron produced record volumes last year. The oil company benefited from a full year of its acquisition of PDC Energy, which closed in August 2023, as well as from the startup of several key projects in the Gulf of Mexico and the continued development of its position in the Permian Basin, where production jumped 18%. Continue reading
Last year was one for the record books for Chevron (NYSE: CVX). The energy giant increased its global production by 7% and U.S. output by 19% to record levels. The company also returned a record $27 billion in cash to shareholders through dividends and repurchases.
The oil company is in an excellent position to build on last year's record performance in 2025. Here's a look at what fueled Chevron's record results last year and why this year could be another one for the record books.
Chevron produced record volumes last year. The oil company benefited from a full year of its acquisition of PDC Energy, which closed in August 2023, as well as from the startup of several key projects in the Gulf of Mexico and the continued development of its position in the Permian Basin, where production jumped 18%.
