Chevron(US:CVX)2025-10-31 15:00Financial Performance - Third quarter 2025 earnings were $3.5 billion, or $1.82 per diluted share[13] - Adjusted earnings for the third quarter 2025 were $3.6 billion, or $1.85 per share[13] - Cash flow from operations excluding working capital was $9.9 billion[13] - The company returned $6 billion cash to shareholders through dividends of $3.4 billion and share repurchases of $2.6 billion[11,13] Production and Operations - Worldwide production exceeded 4 million barrels of oil equivalent per day (MMBOED)[11] - Total capital expenditure was $4.4 billion, all of which was organic capex[13] - Upstream earnings for 3Q25 were $3.302 billion, while Downstream earnings were $1.137 billion[42] Strategic Initiatives - Hess integration is on track[11] - First hydrogen production at ACES (Advanced Clean Energy and Storage hydrogen storage project in Delta, Utah)[11,80] Outlook - Fourth quarter 2025 upstream turnarounds and downtime are expected to impact production by approximately 125 thousand barrels of oil equivalent per day (MBOED)[37] - Downstream turnarounds and downtime are projected to reduce after-tax earnings by $400 million to $500 million[37] - Share repurchases are planned in the range of $2.5 billion to $3.0 billion for the fourth quarter of 2025[37]