CHEVRON (CVX) Company Report

Achieved best‐ever annual results, with customer count up 30% and 32 upstream oil clients, powering full-value-chain emission data capture.
Expanded 2025 product suite to cover end-to-end emission management, from LDAR leak detection and repair to advanced analytics for OGMP 2.0 and EPA/EU compliance.
Reduced data delivery cycle by 48%, enabling faster transition from detection to mitigation across complex operations.
Plans to scale globally into 10+ countries by 2026—including upgraded LiDAR-based monitoring in Europe—to bolster precision and standardization.
Continues heavy investment in core R&D and AI to enhance real-time operability and reliability of its emission monitoring platform.

21 hours ago

Press Release

Chevron partner Bridger Photonics reports record year of methane emissions intelligence

CVX

Revenue Acceleration/Inflection

Product Launch

New Projects/Investments

Bridger Photonics achieved its strongest year ever in 2025, with record asset coverage, record revenue, and global adoption of its methane emissions data across onshore, midstream, LNG and offshore operators, driving 30%+ customer growth and multiple eight-digit contracts.
The company reduced data delivery time by 48%, accelerating customers’ transition from detection to mitigation, and leverages advanced analytics, AI and machine learning to provide actionable insights.
Global operations expanded to six countries in 2025, with plans to operate in over a dozen countries in 2026, underscoring LiDAR as a superior emissions-measurement technology.
Launched an end-to-end emissions management portfolio—from LDAR methane detection through advanced trend and root-cause analytics—covering all assets, stations and locations to meet voluntary and regulatory frameworks like OGMP 2.0.

22 hours ago

Press Release

Chevron signs MoU for Syria offshore exploration

CVX

New Projects/Investments

Chevron signed a memorandum of understanding with the Syrian Petroleum Company and a Qatari partner to explore Syria’s first offshore oil and gas field in an initial two-month step toward formal contracts.
Syrian officials aim to rebuild the energy sector and attract investment after recent onshore field seizures, appointing a technical team to convert the MoU into a binding contract.
Analysts say the deal could reshape the eastern Mediterranean energy corridor and has been linked to recent commodity price gains: US crude +9.83%, Brent +10.26%, natural gas +18.10% month-on-month.
Chevron’s scale underpins the project, with proven reserves of 9.8 billion barrels of oil equivalent, ~3.0 million boe/day production, and ongoing commitment to the Yoyo-Yolanda gas project (2.5 Tcf).

1 day ago

CNBC

Chevron announces Q4 2025 results

CVX

Earnings

Guidance Update

New Projects/Investments

Chevron reported Q4 2025 earnings of $2.8 billion ($1.39/share) and adjusted EPS of $1.52, with cash from operations of $10.8 billion, full‐year adjusted free cash flow of $20 billion (up >35% YoY), organic CapEx of $5.1 billion, and $3 billion in share repurchases, ending the year with a net debt coverage ratio of 1x.
Production hit record levels, driven by the Tengiz Future Growth Project adding 260,000 boe/d, startups at Ballymore and Whale, ramp-up of Anchor, and Permian output above 1 million boe/d, supporting guidance for 7–10% YoY production growth in 2026 (ex-asset sales).
Downstream achieved the highest U.S. refinery throughput in two decades, reflecting recent expansions and improved efficiencies.
Delivered $1.5 billion in structural cost savings in 2025 (>$2 billion run rate) and reaffirmed 2026 TCO free cash flow guidance of $6 billion at $70 Brent, targeting $3–4 billion of efficiency gains by end-2026.

6 days ago

Transcript

Chevron reports Q4 2025 results

CVX

Earnings

Share Buyback

Guidance Update

Delivered adjusted Q4 earnings of $3.0 billion (EPS $1.52) and cash flow from operations of $10.8 billion; repurchased $3 billion of shares and maintained net debt coverage of 1x.
Achieved record 2025 adjusted free cash flow of $20 billion, up over 35% YoY (ex-asset sales), and returned a record amount to shareholders; raised quarterly dividend by 4%.
Reached record global production, including 1.0 million boed in the Permian, with net oil-equivalent growth at the upper end of 6–8% guidance; high-margin project startups in Guyana, Gulf of Mexico, and Eastern Mediterranean to add ~200 kbd in 2026.
Projected 2026 Chevron-share free cash flow from TCO of $6 billion at $70 Brent, and anticipates 7–10% YoY production growth (ex-asset sales) driven by low-risk ramp-ups and efficiency gains.

6 days ago

Transcript

Chevron reports Q4 2025 results

CVX

Earnings

Guidance Update

Share Buyback

Chevron reported Q4 earnings of $2.8 billion (EPS $1.39) and adjusted earnings of $3 billion (EPS $1.52). Cash flow from operations was $10.8 billion; organic CapEx was $5.1 billion, and the net debt coverage ratio ended at 1×.
In 2025, Chevron achieved record global and U.S. production, and adjusted free cash flow grew by over 35% year-over-year despite a 15% decline in oil prices.
For 2026, Chevron expects 7–10% year-over-year production growth (excluding asset sales), driven by project ramp-ups, a full year of Hess assets, and Permian production above 1 million barrels of oil equivalent per day.
Venezuelan ventures have increased production by over 200,000 bpd since 2022 to approximately 250,000 bpd, with potential for up to 50% additional growth in the next 18–24 months under a self-funding model.
In the Eastern Mediterranean, Leviathan’s expansion reached FID targeting gross capacity of 2.1 billion cu ft/d by 2030, Tamar optimization is underway to 1.6 billion cu ft/d, and Aphrodite has entered FEED.

6 days ago

Transcript

Chevron reports Q4 2025 results

CVX

Earnings

Dividends

Chevron reported Q4 2025 earnings of $2.8 billion and adjusted earnings of $3.0 billion, with diluted EPS of $1.39 and adjusted EPS of $1.52.
Cash flow from operations was $10.8 billion, and adjusted free cash flow amounted to $4.2 billion.
Q4 net oil-equivalent production averaged 4,045 MBOED, up from 3,350 MBOED in Q4 2024, with full-year 2025 production at 3,723 MBOED.
The board approved a 4% dividend increase to $1.78 per share, payable March 10, 2026.

6 days ago

8-K

Chevron reports Q4 2025 earnings

CVX

Earnings

Dividends

Chevron reported Q4 2025 GAAP earnings of $2.8 billion (diluted EPS $1.39) and adjusted earnings of $3.0 billion ($1.52 per share), down from $3.2 billion and $3.6 billion in Q4 2024.
Cash flow from operations was $10.8 billion, with adjusted free cash flow of $4.2 billion in the quarter.
2025 net oil-equivalent production rose 12% worldwide and 16% in the U.S. to record levels; reserve replacement ratio was 158%.
Quarterly dividend increased by 4% to $1.78 per share, marking the 39th consecutive annual raise.

6 days ago

Press Release

Chevron in talks to boost Venezuela oil output

CVX

New Projects/Investments

US officials are negotiating with Chevron and major oilfield service firms to implement a fast-track plan in Venezuela, aiming to add several hundred thousand barrels per day within months.
PDVSA’s CEO targets at least 18% production growth in 2026 from current output of around 1 million bpd under a draft law to open the sector to private investors.
Chevron expects to increase output from its Venezuelan joint ventures by about 50% over the next 18–24 months from roughly 240,000 bpd today.
Halliburton and Baker Hughes note their ability to mobilize quickly and leverage existing equipment bases for rapid repairs and well reactivations.

Jan 24, 2026, 1:16 PM

Bloomberg

Chevron in talks with Turkish Petroleum for oil exploration

CVX

New Projects/Investments

Turkey’s national oil company, TPAO, is in confidential talks with Chevron to jointly explore for oil and gas, focusing on seismic studies and drilling.
The potential collaboration follows TPAO’s January agreement with ExxonMobil and reflects a broader U.S.–Turkey warming amid Turkey’s 95% energy import dependence.
Chevron, the second-largest U.S. oil company, produces about 3.0 million barrels of oil equivalent per day, has 1.8 million barrels per day of refining capacity, and held 9.8 billion barrels of oil equivalent in reserves at year-end 2024.
TPAO, active in the Black Sea, Iraq, Russia, and Somalia, plans to raise up to $4 billion via a debut Islamic debt sale to fund its expansion.