Record Production and Strong Cash Generation
Chevron delivered record production exceeding 4 million barrels of oil equivalent per day, driven by strong growth and high reliability across the upstream segment.
Hess Integration Success
Hess integration is on track with synergies being realized and asset performance exceeding expectations, contributing $150 million in the quarter.
ACES Green Hydrogen Project Launch
Chevron achieved first production at the ACES green hydrogen project in Utah.
Strong Financial Performance
Chevron reported earnings of $3.5 billion, or $1.82 per share, with adjusted earnings of $3.6 billion, or $1.85 per share. Cash flow from operations was $9.9 billion, a 20% increase compared to the same quarter last year.
Successful Permian Basin Operations
Chevron's production in the Permian Basin was up 60,000 barrels a day, highlighting efficiency gains and strong performance with fewer rigs.
Strong Cash Returns to Shareholders
Cash returned to shareholders totaled $6 billion, covered by adjusted free cash flow.