American oil and gas giant Chevron has posted its quarterly earnings on Friday, as per an official press release.
Earnings were $2.8 billion for the quarter, down from $3.2 billion in Q4 2024. Upstream revenue and downstream revenue were $3 billion and $823 million, respectively. Adjusted earnings were $3 billion. While earnings were down, Chevron’s sales have increased substantially, benefiting from increased oil production in the U.S. to record amounts.
“2025 was a year of significant achievement. We successfully integrated Hess, started-up major projects, delivered record production and reorganized our business. This resulted in industry-leading free cash flow growth and superior shareholder returns, despite declining oil prices,” said CEO Mike Wirth.
Chevron completed its acquisition of energy company Hess in July 2025 in a deal, valued at $53 billion.
The capture of Venezuelan President Nicholas Maduro by the U.S. has left American oil giants eyeing the South American nation’s crude oil reserves, which for years have been sold at relatively low prices. Alongside Exxon Mobil, Chevron is one of a select group of oil and gas companies that could stand to gain from recent actions carried out by U.S. President Donald Trump.
“We have been a part of Venezuela’s past for more than a century. We remain committed to its present. And we stand ready to help it build a better future while strengthening U.S. energy and regional security,” said Wirth.
At the time of writing, Chevron shares were trading at $173.38, up by 1.28%.