Chevron tops profit estimates on record-high oil and gas output

Last updated: | Reading Time: 1 minutes
Chevron beat Wall Street estimates of its Q2 profit as Permian output surged and US and worldwide oil and gas output jumped to record highs.

Chevron Corporation (NYSE: CVX) beat Wall Street estimates of its second-quarter profit as Permian production surged and U.S. and worldwide oil and gas output jumped to record highs. So how does Chevron tops profit?

Chevron reported on Friday adjusted earnings of $3.1 billion, or $1.77 per share, for the second quarter of 2025, compared to adjusted earnings of $4.7 billion, or $2.55 per share, for the same period last year.

The decline was the result of lower realizations due to lower crude oil prices, lower income from upstream and downstream equity affiliates, and an unfavorable fair value adjustment for shares of Hess Corp, Chevron said.

Click here to read the full article
Source: Oil Price

—

If you have any questions or thoughts about the topic on how Chevron tops profit? Feel free to contact us here or leave a comment below.

You might also like
Eni launched a $100M supercomputer to enhance oil/gas exploration, clean energy, CO2 storage, batteries, biofuels, and biochemistry.Eni launches supercomputer to improve oil and gas exploration
Dante Caravaggio discusses EON’s Grayburg-Jackson drilling plans, production growth, and investor funding strategy.EON Resources advances San Andres development strategy
British oil giant BP on Tuesday reported third-quarter net profit of $2.21 billion, beating analyst expectations.BP beats third-quarter profit expectations on higher oil and gas production
Lost oil and Gas Wells - AI helps researchers dig through old mapsLost oil and Gas Wells – AI helps researchers dig through old maps
Royalty NegotiationsRoyalty Negotiations – Case studies in successful oil and gas
Permian oil output tops 6M bpd and may peak at 7.7M by 2035, but plateau—not decline—is expected, per Wood Mac, despite rising costs and challenges.The Permian is not done yet
Oklahoma drilling stays strong despite a 2-rig drop; Cana Woodford up 2, Granite Wash down 1, others mostly unchanged or steady.Oil and gas drilling remains strong in Oklahoma
US energy firms this week added oil and natural gas rigs for a second week in a row for the first time since July 2024U.S drillers add oil and gas rigs for second week in a row, Baker Hughes says
EU considers pooling demand from companies to buy more US gasEU may pool demand to boost US LNG buys, aiming to meet $250B annual energy purchase pledge, says European Commission.Chevron's new triple-frac method cuts time by 25% and costs by 12% in Permian Basin oil and gas extraction.New oil and gas extraction technique saves time and money in the Permian Ba...