Chevron beats estimates on record Q3 production, despite weak crude price
By Frank Prenesti
Date: Friday 31 Oct 2025
(Sharecast News) - Chevron posted better-than-expected third-quarter results, driven by record production, offsetting weaker oil prices.
On a constant currency basis and excluding costs associated with the acquisition of Hess, Chevron earned $1.85 per share, beating forecasts of $1.68 per share.
The oil giant pumped a record 4.1 million barrels a day, a 21% increase compared with the same period last year. Higher production came from the Hess acquisition, the Permian Basin, the Gulf of Mexico and Kazakhstan.
"Third quarter results reflect record production, strong cash generation and sustained superior cash returns to shareholders," said chief executive Mike Wirth.
"The integration of Hess is progressing well, unlocking synergies across our operations and positioning Chevron as a premier global energy company."
Reporting by Frank Prenesti for Sharecast.com
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN