Chevron said earnings for the third quarter of Q3 2025 were $3.5 billion ($1.82 per share, diluted), down from $4.5 billion ($2.48 per share, diluted) in the third quarter of Q3 2024. Adjusted earnings were $3.6 billion.

1. 01

   Chevron said earnings for the third quarter of Q3 2025 were $3.5 billion ($1.82 per share, diluted), down from $4.5 billion ($2.48 per share, diluted) in the third quarter of Q3 2024. Adjusted earnings were $3.6 billion.

2. 02

   The company said the third quarter of Q3 included a net loss of $235 million from severance and other transaction costs related to the Hess acquisition, partly offset by the fair value measurement of Hess shares. It cited lower crude oil prices and acquisition-related costs as the main factors for the earnings decline, partly offset by higher margins on refined product sales.

3. 03

   Chevron said net oil-equivalent production in the third quarter of Q3 set a quarterly record at 4,086 MBOED, with the Hess acquisition contributing 495 MBOED and legacy Chevron production growth adding 227 MBOED. Production in Q3 2024 was 3,364 MBOED.

4. 04

   The company said cash flow from operations in the third quarter of Q3 was $9.4 billion and adjusted free cash flow was $7.0 billion. It returned $6.0 billion to shareholders in the quarter, including share repurchases of $2.6 billion and dividends of $3.4 billion.

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Original filing

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