Chevron Q1 earnings fall to $3.5B ($2.00/sh) from $5.5B; adjusted EPS $2.18

CHEVRON CORP

2025-Q1 EPS reported $2.00 revenue$47,610,000,000

Reported net income of $3.5B ($2.00 diluted EPS) vs $5.5B ($2.97) in Q1 2024.
Adjusted earnings of $3.8B ($2.18/sh) compared to $5.4B ($2.93) year ago.
Returned $6.9B to shareholders via $3.9B buybacks and $3.0B dividends.
Acquired 4.99% of Hess common stock; started Ballymore field production in Gulf of America.
Cost reduction target of $2-3B structural savings by end of 2026 announced.

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