CVX Q2 REPS 2025 star-news.press/wp

Chevron On Friday, I mentioned the profits of the second quarter, which achieved great success due to the low oil prices and a loss in its acquisition of hess Corporation.

The net net income in favor of oil decreased by about 44 % to $ 2.49 billion, or $ 1.45 per share, from $ 4.43 billion, or $ 2.43 per share, in the same period last year.

Chevron booked a loss of $ 215 million to measure the fair value of Hess’s shares. When these fees and other elements are modified, Chevron got $ 1.77 per share to overcome Wall Street estimates.

Here is what Chevron told the second quarter compared to what Wall Street expected, based on a survey of analysts by LSEG:

• Arrow’s profits: $ 1.77 rate for $ 1.70 expected
• profit: 44.82 billion dollars for $ 43.82 billion expected

Chevron completed her acquisition of Hess on July 18, after the prevailing against Exxon Mobil In a long -term dispute, he threatened to bomb a deal worth $ 53 billion. The Arbitration Court rejected Exxon’s claim of the first rejection of the profitable assets of Hess in Guyana, which led to the completion of Chevron to complete the transaction after a long delay.

Chevron expects the deal to start adding profits in the fourth quarter. It also hopes to reduce the annual operating rate costs of one billion dollars by the end of 2025.

Chevron pumped 3.4 million barrels per day around the world for a quarter, an increase of 3 % over the same period last year. American production jumped by about 8 % to 1.69 million barrels per day compared to the past period of the year, with production in the Barmeyan basin million barrels per day. The HESS acquisition will add assets to the Bakken formation and the Gulf of Mexico in addition to Guyana.

Production work in Chevron recorded a profit of $ 2.72 billion, a decrease of 38 % from $ 4.47 billion in the same period last year due to low oil prices. The refining business booked its profits of $ 737 million, an increase of 23 % of 597 million dollars last year, on higher margins for product sales.

Chevron paid $ 5.5 billion to shareholders in a quarter, including $ 2.6 billion in shares and $ 2.9 billion of profits.