Chevron Surpasses Q2 Earnings Estimates, Reports $44.82 Billion in Revenue

Chevron (CVX) reported Q2 earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.7 per share. Revenue of $44.82 billion missed the consensus estimate by 4.89%. The company has topped consensus revenue estimates two times over the last four quarters. Chevron shares have added about 4.7% since the beginning of the year.

Chevron Corporation (CVX) reported its second-quarter 2025 earnings on Friday, with adjusted earnings per share (EPS) of $1.77, surpassing the Zacks Consensus Estimate of $1.7 per share. The company's revenue of $44.82 billion missed the consensus estimate by 4.89%. This marks the second time Chevron has topped consensus revenue estimates in the last four quarters. Since the beginning of the year, Chevron shares have added about 4.7% to their value [1].

Chevron's adjusted earnings of $3.1 billion for the second quarter of 2025 represent a decrease from the $4.7 billion reported in the same period last year. The decline was attributed to lower crude oil prices, lower income from upstream and downstream equity affiliates, and an unfavorable fair value adjustment for shares of Hess Corp [2]. Despite the decrease in earnings, Chevron's oil and gas production surged, with record quarterly oil-equivalent production in the Permian and elsewhere. The company's total net oil-equivalent production reached 3.4 million barrels of oil equivalent per day (BOE), a 3% increase from the previous year [2].

Chevron's chairman and CEO, Mike Wirth, highlighted the company's strong execution, record production, and exceptional cash generation. The completion of the Hess Corporation acquisition in July further strengthened Chevron's diversified portfolio, adding high-quality assets in Guyana, the U.S. Bakken, and the Gulf of America [2]. Chevron also returned $5.5 billion in cash to shareholders during the quarter, including $2.6 billion in share repurchases and $2.9 billion in dividends [2].

Looking ahead, Chevron's management remains optimistic about the company's future prospects. The company aims to continue its focus on operational efficiencies, cash flow generation, and shareholder returns, while also advancing its efforts in renewable fuels, carbon capture, and other emerging technologies [2].

References:
[1] https://oilprice.com/Latest-Energy-News/World-News/Chevron-Tops-Profit-Estimates-on-Record-High-Oil-and-Gas-Output.html
[2] https://www.tradingview.com/news/tradingview:ef9b1155fc44e:0-chevron-corporation-q2-2025-financial-results/