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Chevron chairman & CEO Mike Wirth: We will be investing to continue to grow production
CNBC Television· 2025-08-01 14:30
Okay, Chevron second quarter earnings took a substantial hit. He was a low oil prices, the loss of acquisition about Hes, but you know what. That doesn't matter.You know why. Because Mike delivered good numbers here. Joining us now exclusive to break down the quarter Chevron chairman CEO Mike Worth.Mike, you know, I was supposed to have the day off, but I came to work because of you. How do you feel about that. What.I I missed that, Jim. I came to work because of you. I had the day off.Well, it's good to se ...
Chevron Q2 Earnings Beat Estimates as Production Hits Record
ZACKS· 2025-08-01 14:21
Key Takeaways Chevron posted Q2 EPS of $1.77, beating estimates on record production of 3,396 MBOE/d.Higher Permian Basin and Gulf of America volumes drove U.S. output to an all-time high.CVX completed the Hess deal, adding top-tier assets to boost long-term production and cash flow.Chevron Corporation (CVX) reported adjusted second-quarter earnings per share of $1.77, beating the Zacks Consensus Estimate of $1.70. The outperformance stemmed from higher-than-expected production in the company’s key upstream ...
Chevron tops Q2 estimates on record Permian production
Proactiveinvestors NA· 2025-08-01 14:01
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Chevron (CVX) Q2 Earnings Surpass Estimates
ZACKS· 2025-08-01 12:26
Chevron (CVX) came out with quarterly earnings of $1.77 per share, beating the Zacks Consensus Estimate of $1.7 per share. This compares to earnings of $2.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +4.12%. A quarter ago, it was expected that this oil company would post earnings of $2.15 per share when it actually produced earnings of $2.18, delivering a surprise of +1.4%.Over the last four quarters, the company has sur ...
前瞻全球产业早报:我国大模型应用个人用户注册超31亿
Qian Zhan Wang· 2025-08-01 12:23
Group 1: Manufacturing and Economic Indicators - In July, the manufacturing PMI was reported at 49.3%, a decrease of 0.4 percentage points from the previous month, indicating a decline in manufacturing activity [2] - Large enterprises had a PMI of 50.3, down 0.9 percentage points, while medium-sized enterprises saw an increase to 49.5, up 0.9 percentage points, and small enterprises dropped to 46.4, down 0.9 percentage points [2] - The production index and supplier delivery time index were above the critical point, while new orders, raw material inventory, and employment indices were below the critical point [2] Group 2: AI and Technology Developments - The number of registered personal users for large model applications in China has exceeded 3.1 billion, with API call users surpassing 159 million [3] - Huawei has officially open-sourced its self-developed programming language "Cangjie," which includes a compiler, runtime, and standard library, aimed at intelligent applications [7] - OpenAI's annualized revenue has reached $12 billion, with an adjusted cash burn forecast of approximately $8 billion for 2025 [15] Group 3: Corporate Actions and Market Developments - Nvidia was summoned by China's internet regulator to explain security risks related to its H20 computing chip sold in China [4] - Energy Capital Partners and KKR announced plans to build a 190 MW data center in Texas, with an investment close to $4 billion, marking the first investment of their $50 billion strategic partnership [11] - Chevron has received limited permission from the U.S. government to operate in Venezuela, contingent on ensuring oil revenues do not benefit the Maduro government [17] Group 4: Financial Market Updates - The A-share market saw all three major indices close lower, with the Shanghai Composite Index down 1.18% [18] - The Hong Kong GDP for Q2 2025 increased by 3.1% year-on-year, slightly up from a 3.0% increase in Q1 [4] - U.S. stock indices showed mixed results, with the Dow Jones down 0.38% and the Nasdaq up 0.15% [19]
Chevron profit hit by low crude oil prices and loss from Hess acquisition
CNBC Television· 2025-08-01 10:49
All right, let me tell you about some breaking news right now. We've got second quarter results that are just out from Chevron. Earnings came in at a $1.77% a share on an adjusted basis.That's better than the 170 that the street was looking for. Revenue also came in uh better than expected, $44.8% billion versus 43.8% billion. Lots of other metrics that are in here that came in above estimates as well, including nut production.They set worldwide and uh US record levels that they'd seen on this for the periu ...
Chevron profit hit by low crude oil prices and loss from Hess acquisition
CNBC· 2025-08-01 10:21
Core Insights - Chevron reported a significant decline in net income for the second quarter, down approximately 44% to $2.49 billion, or $1.45 per share, compared to $4.43 billion, or $2.43 per share, in the same period last year [1] - The company incurred a $215 million loss related to the fair value measurement of Hess shares, but adjusted earnings per share were $1.77, surpassing Wall Street estimates of $1.70 [1][7] Acquisition Details - Chevron completed the acquisition of Hess Corporation on July 18, following a successful arbitration that dismissed Exxon's claim to a right of first refusal over Hess's assets in Guyana, allowing the $53 billion deal to proceed [2] - The acquisition is expected to contribute positively to earnings starting in the fourth quarter and aims to reduce annual run-rate costs by $1 billion by the end of 2025 [3] Production and Financial Performance - Chevron's total production reached approximately 3.4 million barrels per day, marking a 3% increase year-over-year, with U.S. production rising about 8% to 1.69 million bpd [4] - The production segment reported a profit of $2.72 billion, down 38% from $4.47 billion in the same period last year due to lower oil prices, while the refining business saw earnings increase by 23% to $737 million [5]
Chevron(CVX) - 2025 Q2 - Quarterly Results
2025-08-01 10:17
news release FOR RELEASE AT 5:15 AM CT EXHIBIT 99.1 AUGUST 1, 2025 Chevron Reports Second Quarter 2025 Results HOUSTON, 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 value measurement of Hess Corporation shares, and company pension curtailment costs, partly off ...
X @Bloomberg
Bloomberg· 2025-07-31 22:02
Chevron will hand over a percentage of its Venezuelan production to the local government under new terms negotiated after receiving a license to restart operations https://t.co/NNw8pXrj6x ...
How Will Chevron's Stock React To Its Upcoming Earnings?
Forbes· 2025-07-31 14:10
CHONGQING, CHINA - JULY 29: In this photo illustration, a person holds a smartphone displaying the logo of Chevron Corporation (NYSE: CVX), an American multinational energy corporation, with the company's red and blue chevron logo visible in the background, on July 29, 2025 in Chongqing, China. (Photo illustration by Cheng Xin/Getty Images)Getty ImagesChevron Corporation (NYSE: CVX) is set to announce its Q2 results on Friday, August 1, with analysts forecasting EPS of $2.15 on $48.39 billion in revenue. Th ...