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Oil Major Chevron’s Mixed Q4 Results: US Upstream Loss, Dividend Boost & More

Chevron Corporation (CVX) posts Q4 FY23 results with total revenues at $47.18 billion, slightly below the expected $51.62 billion consensus. Despite the revenue miss, the company reports 4% increase in worldwide net oil-equivalent production, driven by strategic acquisitions and Permian Basin growth. Adjusted net earnings at $6.45 billion beat estimates at $3.45 per share. Chevron demonstrates shareholder commitment with an 8% dividend increase, and shares respond positively.

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