Chevron
Q3 2022 Earnings Call
Oct 28, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning. My name is Sara, and I will be your conference facilitator for today. Welcome to Chevron's third quarter 2022 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded.
I will now turn the conference over to the general manager of investor relations of Chevron Corporation, Mr. Roderick Green. Please go ahead.
Roderick Green -- General Manager, Investor Relations
Thank you, Sara. Welcome to Chevron's third quarter 2022 earnings conference call and webcast. I'm Roderick Green, GM of investor relations. Our chairman and CEO, Mike Wirth; and CFO, Pierre Breber, are on the call with me.
We will refer to the slides and prepared remarks that are available on Chevron's website. Before we begin, please be reminded that this presentation contains estimates, projections and other forward-looking statements. Please review the cautionary statement on Slide 2. I will now turn it over to Mike.
Mike Wirth -- Chairman and Chief Executive Officer
Thank you, Roderick, and thanks, everyone, for joining us today. We continue to see a challenging and dynamic macroeconomic and geopolitical environment. Current events highlight the importance of balancing economic prosperity, energy security, and environmental protection. In line with these three imperatives, Chevron remains focused on our objective to safely deliver higher returns and lower carbon.
During the third quarter, we continued to make progress by delivering return on capital employed in the mid-20s, returning more than $5 billion to shareholders for the second quarter in a row and investing to grow both our traditional and new energy businesses. Earlier this week, we released our methane report with specific disclosures about our aim to be a leader in methane emissions management. Our goal is simple: keep methane in the pipe. I encourage you to read our report available on chevron.com.
Our strategy remains clear and consistent. Our results keep getting better. While future market conditions are uncertain, we're well-positioned to deliver value to our shareholders in any environment. With that, I'll turn it over to Pierre.
Pierre Breber -- Chief Financial Officer
Thanks, Mike. Third quarter financial results were strong. Included in the quarter were $177 million of pension settlement costs and positive foreign currency exchange effects of $624 million. The appendix of this presentation contains a reconciliation of non-GAAP measures.