Chevron Corporation Q3 2025 Earnings Release

Chevron Corporation reported unaudited third quarter 2025 earnings of $3.5 billion, a decrease from $4.5 billion in the same quarter of 2024. The decline was attributed to severance and transaction costs related to the acquisition of Hess Corporation, partially offset by the fair value measurement of Hess shares. Foreign currency effects increased earnings by $147 million. Adjusted earnings for the quarter were $3.6 billion, compared to $4.5 billion in Q3 2024. The company achieved record production of 4.1 million barrels of oil equivalent per day, a 21% increase from the previous year. Cash flow from operations was $9.4 billion, with adjusted free cash flow at $7.0 billion. Chevron returned $6 billion to shareholders through share repurchases and dividends. The integration of Hess is progressing well, with synergies being realized across operations.