Chevron | Q2 2025: Weaker earnings, record production and portfolio strengthening
Chevron entered the second quarter of 2025 in a challenging environment with lower oil prices, but was able to demonstrate the strength of its diversified production and stable cash flow. The company continued to return capital to shareholders while completing the significant acquisition of Hess Corporation, which expanded its assets to include key projects in Guyana and other regions.

While investors saw a year-on-year decline in net profit, operating metrics confirmed a robust underlying performance. Record production in the Permian Basin and new opportunities in LNG or lithium show that Chevron $CVX is building on a long-term growth story beyond the traditional oil segment.
How was the last quarter?
In the second quarter, Chevron reported net income of $2.5 billion, down from $4.4 billion in the same period last year. After adjusting for one-time items, which included losses from the Hess stock revaluation and restructuring charges for pension plans, profit was $3.1 billion. This…