chevron reports second quarter 2025 results

• Reported earnings of $2.5 billion; adjusted earnings of $3.1 billion
• Record production; 1 million BOE per day in the Permian Basin
• Returned $5.5 billion cash to shareholders; 13 straight quarters of over $5 billion
• Completed acquisition of Hess Corporation in July

HOUSTON, Texas, August 1, 2025 – Chevron Corporation (NYSE: CVX) reported earnings of $2.5 billion ($1.45 per share - diluted) for second quarter 2025, compared with $4.4 billion ($2.43 per share - diluted) in second quarter 2024. Included in the quarter was a net loss of $215 million related to the fair value measurement of Hess Corporation shares, and company pension curtailment costs, partly offset by a gain on the sale of certain non-operated U.S. pipeline assets. Foreign currency effects decreased earnings by $348 million. Adjusted earnings of $3.1 billion ($1.77 per share - diluted) in second quarter 2025 compared to adjusted earnings of $4.7 billion ($2.55 per share - diluted) in second quarter 2024. See Attachment 4 for a reconciliation of adjusted earnings.

Read the full press release with tables.