Chevron Q2 earnings fall to $2.5B ($1.45/share) from $4.4B; Permian production record 1M BOE/d

CHEVRON CORP

2025-Q2 EPS reported $3.45 revenue$92,432,000,000

Net earnings $2.5B ($1.45 diluted EPS) vs $4.4B ($2.43) a year ago; adjusted earnings $3.1B ($1.77).
Permian Basin production hit 1M BOE/day; worldwide net oil-equivalent production record 3,396 MBOED.
Cash flow from operations $8.6B, up from $6.3B; returned $5.5B to shareholders ($2.6B buybacks, $2.9B dividends).
Completed Hess acquisition in July after favorable arbitration; Hess shares fair value adjustment caused $215M net loss.
Quarterly dividend declared $1.71/share payable Sep 10, record Aug 19.

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