CHEVRON CORP

Chevron Corp.

Oil & Gas Integrated • Energy • Houston, TX, United States • CVX (NYSE) • Website
Quarter: Q3 2025 Reported: September 25, 2025 Sentiment: Neutral

Chevron Corporation, through its subsidiaries, engages in the integrated energy and chemicals operations in the United States and internationally. The company operates in two segments, Upstream and Downstream. The Upstream segment engages in the exploration, development, production, and transportation of crude oil and natural gas; liquefaction, transportation, and regasification of liquefied natural gas; transporting crude oil through pipelines; processing, transporting, storage, and marketing of natural gas; and carbon capture and storage, as well as a gas-to-liquids plant. The Downstream segment refines crude oil into petroleum products; markets crude oil, refined products, and lubricants; manufactures and markets renewable fuels; transports crude oil and refined products through pipeline, marine vessel, motor equipment, and rail car; and manufactures and markets commodity petrochemicals, plastics for industrial uses, and fuel and lubricant additives. The company was formerly known as ChevronTexaco Corporation and changed its name to Chevron Corporation in 2005. Chevron Corporation was founded in 1879 and is headquartered in Houston, Texas.

Quick Summary

Chevron anticipates a Q3 2025 adjusted earnings impact of $50-$150 million from the Hess acquisition, despite an initial estimated after-tax loss of $(200)-$(400) million due to transaction costs. The company expects to realize significant synergies from the acquisition in future quarters, signaling a strategic long-term benefit.

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Key Highlights

  • • Hess acquisition estimated to cause $(200)-$(400) million after-tax loss in Q3 2025.
  • • Adjusted earnings impact from Hess (excluding transaction costs) estimated at $50-$150 million positive.
  • • Severance and other transaction costs related to Hess acquisition are $(350)-$(450) million.
  • • Net oil-equivalent production from Hess assets projected at 450-500 MBOED.
  • • Expected capital expenditures for Hess assets: $1.0-$1.25 billion.
  • • Anticipated proceeds of $410 million from Malaysia/Thailand JDA asset sale.
  • • Significant synergies from Hess acquisition expected in future quarters.

Financial Metrics

eps
revenue
guidance
net income

Stock Price

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Company Info

Industry
Oil & Gas Integrated
Sector
Energy
Headquarters
Houston, TX, United States
CEO
Mr. Michael K. Wirth
Employees
45,298

Layoff Stats

Layoff Events
0
Total Affected
0

Financials

Market Cap $309.94B