雪佛龙Chevron Corporation（CVX）2025年第三季度业绩报告「NYSE」（英文版）（10页）.pdf

1、news releaseChevron Reports Third Quarter 2025 Results Reported earnings of$3.5 billion;adjusted earnings of$3.6 billion Record production of 4.1 million BOE per day;21 percent higher than last year Cash flow from operations of$9.4 billion;adjusted free cash flow of$7.0 billionHOUSTON,Texas,October

2、31,2025 Chevron Corporation(NYSE:CVX)reported earnings of$3.5 billion($1.82 per share-diluted)for third quarter 2025,compared with$4.5 billion($2.48 per share-diluted)in third quarter 2024.Included in the quarter was a net loss of$235 million due to severance and other transaction costs related to t

3、he acquisition of Hess Corporation(Hess),partly offset by the fair value measurement of Hess shares.Foreign currency effects increased earnings by$147 million.Adjusted earnings of$3.6 billion($1.85 per share-diluted)in third quarter 2025 compared to adjusted earnings of$4.5 billion($2.51 per share-d

4、iluted)in third quarter 2024.See Attachment 4 for a reconciliation of adjusted earnings.Earnings&Cash Flow SummaryUnit3Q 20252Q 20253Q 2024YTD 2025YTD 2024Total Earnings/(Loss)$MM$3,539$2,490$4,487$9,529$14,422 Upstream$MM$3,302$2,727$4,589$9,787$14,298 Downstream$MM$1,137$737$595$2,199$1,975 All Ot

5、her$MM$(900)$(974)$(697)$(2,457)$(1,851)Earnings Per Share-Diluted$/Share$1.82$1.45$2.48$5.27$7.88 Adjusted Earnings(1)$MM$3,627$3,053$4,531$10,493$14,624 Adjusted Earnings Per Share-Diluted(1)$/Share$1.85$1.77$2.51$5.80$7.99 Cash Flow From Operations(CFFO)$B$9.4$8.6$9.7$23.2$22.8 CFFO Excluding Wor

6、king Capital(1)$B$9.9$8.3$8.3$25.8$25.0 Avg.Brent Spot Price(Source:Platts)$/BBL$69$68$80$71$83(1)See non-GAAP reconciliation in attachments“Third quarter results reflect record production,strong cash generation and sustained superior cash returns to shareholders,”said Mike Wirth,Chevrons chairman a