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. This was better than the Wall Street estimate of $1.68.
Revenue for the quarter was approximately $48.17 billion, slightly below consensus estimates.
Chevron achieved record production of 4.1 million barrels of oil equivalent (BOE) per day, a 21% increase from the previous year.
The company reported a net loss of $235 million related to severance and other transaction costs from its acquisition of Hess Corporation, partly offset by the fair value measurement of Hess shares.
Foreign currency effects contributed $147 million to earnings. Cash flow from operations reached $9.4 billion, with adjusted free cash flow of $7 billion.
“Third quarter results reflect record production, strong cash generation and sustained superior cash returns to shareholders,” Chevron CEO Mike Wirth said in a statement. “The integration of Hess is progressing well, unlocking synergies across our operations and positioning Chevron as a premier global energy company.”
Shares of Chevron moved higher on the report, up 1.5% at about $156 shortly before US markets opened on Friday.