Chevron Corp

Chevron closed out 2025 with a stronger-than-expected quarter, posting adjusted earnings of $1.52 per diluted share against a Wall Street consensus of $1.44 — a 5.56% beat — even as the oil major navigated a meaningfully softer commodity price environment. Revenue of $46.87 billion edged past the $46.73 billion estimate, though it still reflected a 3.0% decline year-over-year, with average Brent crude falling to $64 per barrel in the quarter from $75 a year ago. The central story, however, was scale: the successful integration of Hess Corporation drove full-year worldwide production to a record 3,723 MBOED, up 12% year-over-year, with the Permian Basin hitting its 1 million BOE/day target and the TCO project in Kazakhstan ramping to similar levels. Chevron also generated a record $33.90 billion in full-year operating cash flow and returned $27.10 billion to shareholders, including a 4% dividend increase — its 39th consecutive annual raise. With $1.50 billion in structural cost reductions already locked in and a $3.00–$4.00 billion target by end of 2026, the company is <a href="https://247wallst.com/investing/2026/02/17/chevron-vs-conocophillips-which-is-the-better-buy-as-energy-sector-crushes-the-market/">positioning itself for sustained competition</a> among the sector's elite.