Chevron reported earnings of $6.3 billion for first quarter of 2022, posting a $4.9 billion gain from the same period of last year, on Friday.
Total revenues and other income reached $54.37 billion for the first three months of the year, $22 billion higher compared to the first quarter of last year at $32 billion.
Chevron's worldwide net oil equivalent production in the first quarter was 3.06 million barrels per day.
U.S. production increased 10% compared to the same period a year ago.
'The improvement was primarily due to higher realizations and higher sales volumes,' the company said. US upstream operations earned $3.24 billion in first quarter, compared with $941 million a year earlier.
Maenwhile, international production decreased 8%, company data showed.
'The decrease was primarily due to normal field declines, the absence of production following expiration of the Rokan concession in Indonesia and unfavorable entitlement effects due to higher prices, partially offset by the absence of curtailments,' Chevron said.
By Zeynep Beyza Kilic
Anadolu Agency
energy@aa.com.tr