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1、news releaseChevron Reports Second Quarter 2025 Results Reported earnings of$2.5 billion;adjusted earnings of$3.1 billion Record production;1 million BOE per day in the Permian Basin Returned$5.5 billion cash to shareholders;13 straight quarters of over$5 billion Completed acquisition of Hess Corpor
2、ation in JulyHOUSTON,Texas,August 1,2025 Chevron Corporation(NYSE:CVX)reported earnings of$2.5 billion($1.45 per share-diluted)for second quarter 2025,compared with$4.4 billion($2.43 per share-diluted)in second quarter 2024.Included in the quarter was a net loss of$215 million related to the fair va
3、lue measurement of Hess Corporation shares,and company pension curtailment costs,partly offset by a gain on the sale of certain non-operated U.S.pipeline assets.Foreign currency effects decreased earnings by$348 million.Adjusted earnings of$3.1 billion($1.77 per share-diluted)in second quarter 2025
4、compared to adjusted earnings of$4.7 billion($2.55 per share-diluted)in second quarter 2024.See Attachment 4 for a reconciliation of adjusted earnings.Earnings&Cash Flow SummaryYTDUnit2Q 20251Q 20252Q 202420252024Total Earnings/(Loss)$MM$2,490$3,500$4,434$5,990$9,935 Upstream$MM$2,727$3,758$4,470$6,
5、485$9,709 Downstream$MM$737$325$597$1,062$1,380 All Other$MM$(974)$(583)$(633)$(1,557)$(1,154)Earnings Per Share-Diluted$/Share$1.45$2.00$2.43$3.45$5.40 Adjusted Earnings(1)$MM$3,053$3,813$4,677$6,866$10,093 Adjusted Earnings Per Share-Diluted(1)$/Share$1.77$2.18$2.55$3.95$5.48 Cash Flow From Operat
6、ions(CFFO)$B$8.6$5.2$6.3$13.8$13.1 CFFO Excluding Working Capital(1)$B$8.3$7.6$8.7$15.9$16.7(1)See non-GAAP reconciliation in attachments“Second quarter results reflect continued strong execution,record production,and exceptional cash generation,”said Mike Wirth,Chevrons chairman and chief executive