---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-25-000098"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2025-09-25T23:59:59+00:00"
generated_at: "2026-05-17T05:44:50.688139+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chevron estimates Q3 Hess acquisition after-tax loss of $(200)-(400)M, adjusted earnings $50-150M

## Summary
- Hess-related after-tax loss $(200)-(400)M; excluding severance/transaction costs, adjusted earnings $50-150M.
- Net oil-equivalent production from Hess assets 450-500 MBOED, including downtime.
- Capital expenditures for Hess assets $1.0-1.25B; proceeds from asset sales $410M (Malaysia/Thailand JDA).
- Working capital outflow $0.5-1.5B in Q3; ~2B shares outstanding at Sept 30, ~1.95B weighted avg.
- Synergies expected in future quarters; ~half of severance cash outflows in Q3, rest within 12 months.

## SEC filing metadata
- accession: 0000093410-25-000098
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2025-09-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341025000098/0000093410-25-000098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341025000098/cvx-20250925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-25-000098
- JSON: https://secwatch.observer/filing/0000093410-25-000098.json
- Plain text: https://secwatch.observer/filing/0000093410-25-000098.txt

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