AI Prospecting for Chevron

Chevron reported third-quarter 2024 earnings of $4.5 billion, with a diluted EPS of $2.48, and returned a record $7.7 billion in cash to shareholders. The company started key U.S. Gulf of Mexico projects and announced a $6.5 billion sale of Canadian assets, expected to close in the fourth quarter[1]. Chevron also plans to invest in new gas exploration in Bangladesh to boost the country's energy security, following the interim government's clearance of arrears owed to the company[2]. The Board of Directors declared a quarterly dividend of $1.63 per share, payable on December 10, 2024[4].

Chevron plans to invest in new gas exploration in Bangladesh to enhance the country's energy security, following the interim government's clearance of arrears owed to the company. This investment is driven by increasing gas demand and a favorable business outlook in the region[1]. Chevron has achieved a breakthrough in the Gulf of Mexico with its Anchor project, utilizing 20,000 psi technology to unlock previously unreachable oil resources, with the project expected to produce over 75,000 boe/d for 30 years[4][5]. The company has also declared a quarterly dividend of $1.63 per share, payable on December 10, 2024[3].

Chevron cleared the Federal Trade Commission antitrust review for its pending merger with Hess Corporation, satisfying a key closing condition for the transaction[1][2][3].