---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-25-000016"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2025-05-02T23:59:59+00:00"
generated_at: "2026-05-22T23:29:23.594331+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000093410-25-000016
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2025-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341025000016/0000093410-25-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341025000016/cvx-20250502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-25-000016
- JSON: https://secwatch.observer/filing/0000093410-25-000016.json
- Plain text: https://secwatch.observer/filing/0000093410-25-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.