Chevron Corporation
Chevron Provides Third Quarter 2025 Financial Estimates Post-Hess Acquisition
Summary
On September 25, 2025, Chevron Corporation reported preliminary estimates for the third quarter of 2025, indicating potential impacts from the acquisition of Hess Corporation. Chevron anticipates a loss of $(200) to $(400) million for the quarter, with adjusted earnings (excluding severance and transaction costs) ranging from $50 to $150 million. The company expects depreciation, depletion, and amortization expenses between $1.2 to $1.4 billion and net oil-equivalent production between 450 to 500 thousand barrels per day. Capital expenditures are estimated at $1.0 to $1.25 billion, with proceeds from asset sales of $410 million. Chevron also forecasts a working capital outflow of $0.5 to $1.5 billion in the third quarter. Additional financial details and estimates are available on the company's website.
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About Chevron Corporation
Chevron Corporation is an integrated energy company operating globally in the exploration, production, and transportation of crude oil and natural gas. Its primary function is to harness energy resources, converting them into products essential for modern life. Chevron covers upstream operations such as oil exploration and drilling, and downstream processes including refining, distribution, and marketing of refined petroleum products. Additionally, Chevron invests in renewable energy projects, aiming to create a balanced energy portfolio. As one of the major players in the oil and gas industry, Chevron significantly impacts sectors including manufacturing, transportation, and energy production. Headquartered in San Ramon, California, this multinational corporation plays a pivotal role in meeting global energy demands and contributes to shaping future energy policies.
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