Chevron Earnings Hint at New Highs—Is CVX Ready to Run?

Core Viewpoint - Chevron Corporation reported mixed fourth-quarter earnings, with a slight revenue miss but earnings exceeding expectations, reflecting lower year-over-year metrics due to declining oil prices in 2025 [1] Group 1: Earnings Report - The company achieved record production in 2025, with a 12% increase, driven by significant contributions from newly acquired Hess assets, particularly in Guyana and the Bakken formation [3] - Despite lower oil prices, Chevron's earnings highlighted strong cash flow and operational momentum, supported by a 39-year dividend growth streak [5] Group 2: Future Outlook - Chevron is optimistic about 2026, anticipating a full year of production from Hess assets and plans to increase production in Venezuela by 50% within the next 18 to 24 months [2] - The company completed its Tamar optimization project and reached a final investment decision on the Leviathan expansion, with additional capacity expected in the first quarter of 2026 [4]