Current Report Filing (8-k)
January 27 2023 - 06:49AM
Edgar (US Regulatory)
0000093410false00000934102023-01-252023-01-25
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
Date of Report (Date of earliest event reported): January 25,
2023
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chevron Corporation |
|
|
|
(Exact name of registrant as specified in its charter) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Delaware |
|
001-00368 |
|
94-0890210 |
(State or other jurisdiction
of incorporation ) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification No.) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6001 Bollinger Canyon Road, |
San Ramon, |
CA |
|
94583 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
Registrant’s telephone number, including area code:
(925) 842-1000
|
|
|
|
|
|
|
|
|
|
N/A |
|
|
(Former name or former address, if changed since last report) |
|
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the
Act:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Title of each class |
|
Trading Symbol |
|
Name of each exchange on which registered |
Common stock, par value $.75 per share |
|
CVX |
|
New York Stock Exchange |
|
|
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933
(§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of
1934 (§240.12b-2 of this chapter).
|
|
Emerging growth company |
☐ |
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period
for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange
Act. |
☐ |
Item 2.02 Results of Operations and
Financial Condition
On January 27, 2023, Chevron Corporation (the “Company”)
issued a news release announcing unaudited fourth quarter 2022
earnings of $6.4 billion. The news release is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
The information included herein and in Exhibit 99.1 shall not be
deemed “filed” for purposes of Section 18 of the Securities
Exchange Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, as
amended.
Item 8.01 Other Events
On January 25, 2023, the Board of Directors authorized
the repurchase of the Company’s shares of common stock in an
aggregate amount of
$75 billion.
The $75
billion authorization takes effect on April 1, 2023, and does not
have a fixed expiration date. It replaces the Board’s previous
repurchase authorization of $25 billion from January 2019, which
will terminate on March 31, 2023, after the completion of the
Company’s repurchases in the first quarter 2023. Repurchases of
shares of the Company’s common stock may be made from time to time
in the open market, by block purchases, in privately negotiated
transactions or in such other manner as determined by the Company.
The timing of the repurchases and the actual amount repurchased
will depend on a variety of factors, including the market price of
the Company’s
shares, general market and economic conditions, and other factors.
The stock repurchase program does not obligate the Company to
acquire any particular amount of common stock, and it may be
suspended or discontinued at any time.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
|
|
|
|
|
|
|
|
|
Exhibit Number |
|
Description |
99.1 |
|
|
104 |
|
Cover Page Interactive Data File (contained in Exhibit
101) |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly
authorized.
Dated: January 27, 2023
|
|
|
|
|
|
|
|
|
|
|
|
CHEVRON CORPORATION |
|
|
|
|
By |
/s/ David A. Inchausti |
|
|
David A. Inchausti |
|
|
Vice President and Controller |
|
|
(Principal Accounting Officer and |
|
|
Duly Authorized Officer) |
|
Chevron (NYSE:CVX)
Historical Stock Chart
From Mar 2023 to Mar 2023
Chevron (NYSE:CVX)
Historical Stock Chart
From Mar 2022 to Mar 2023