Chevron's production surged in the third quarter, fueled in part by its acquisition of Hess. The oil giant also produced a gusher of free cash flow.
Chevron is well-positioned to benefit from rising energy demand driven by AI and global economic growth, offering value versus expensive tech stocks. CVX's disciplined capital strategy, Hess acquisition, and strong upstream performance support robust free cash flow and double-digit EPS growth potential. CVX has a 4.3% dividend yield, low leverage, and Dividend Aristocrat status, providing income stability and appealing total return prospects.
Chevron posted record Q3 oil production and strong financials despite a weak oil price environment, reaffirming its quality and operational discipline. CVX delivered an EPS beat, robust free cash flow, and a secure 4.34% dividend yield, with successful Hess integration and increased production outlook. While the technical chart remains tepid and sector sentiment is cautious, CVX is supported by a strong balance sheet and shareholder returns.
Chevron maintains a buy rating, supported by strong fundamentals, record production, and effective integration of the Hess acquisition. Temporary profitability headwinds from Hess-related costs and lower realizations are outweighed by organic production growth and anticipated synergies. Q3 results showed solid cash flow, increased dividends, and an EPS beat, reinforcing CVX's financial strength.
Chevron Corporation ( CVX ) Q3 2025 Earnings Call October 31, 2025 11:00 AM EDT Company Participants Jake Spiering - General Manager of Investor Relations Michael Wirth - Chairman & CEO Eimear Bonner - VP & Chief Financial Officer Conference Call Participants Sam Margolin - Wells Fargo Securities, LLC, Research Division Devin McDermott - Morgan Stanley, Research Division Neil Mehta - Goldman Sachs Group, Inc., Research Division Ryan Todd - Piper Sandler & Co., Research Division Douglas George Blyth Leggate - Wolfe Research, LLC Biraj Borkhataria - RBC Capital Markets, Research Division Paul Cheng - Scotiabank Global Banking and Markets, Research Division Stephen Richardson - Evercore ISI Institutional Equities, Research Division Jean Ann Salisbury - BofA Securities, Research Division Jason Gabelman - TD Cowen, Research Division Arun Jayaram - JPMorgan Chase & Co, Research Division Phillip Jungwirth - BMO Capital Markets Equity Research Lucas Herrmann - BNP Paribas, Research Division Paul Sankey - Sankey Research LLC Bob Brackett - Sanford C. Bernstein & Co., LLC.
Mike Wirth, Chevron chair and CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent quarter, how the company manages operations in high-risk regions, and much more.
Chevron Corporation (NYSE:CVX, ETR:CHV) reported a profit of $3.5 billion for the third quarter of 2025, reflecting higher production and solid operational results despite lower oil prices. The company's adjusted earnings were $3.6 billion, or $1.85 per share, compared with $4.5 billion, or $2.51 per share, in the same period last year.
Chevron (CVX) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $2.51 per share a year ago.
Chevron said its third-quarter profit fell, citing lower crude oil prices and expenses from its acquisition of Hess.
Chevron's net income declined 21% year over year to $3.54 billion, or $1.82 per share, as oil prices fell and costs rose due to the Hess acquisition. But the oil major achieved record production of 4.1 million barrel per day.
Exxon Mobil Corp. and Chevron Corp. are slated to report quarterly earnings before the bell Friday. They've posted better profits and revenues in the past several quarters, but today's financial snapshots could be different.
Chief Executive Mike Wirth has orchestrated a yearslong campaign to keep the Latin American country open for oil production.