Chevron Q2 earnings $12.1B ($6.11/sh) beat; record U.S. production; Hess synergies $1.5B

CHEVRON CORP

Reported earnings $12.1B ($6.11 diluted EPS) vs $2.49B a year ago; adjusted EPS $6.06.
Worldwide production up 20% YoY to 4,070 MBOED; record U.S. upstream output of 2,077 MBOED.
Achieved $1.5B Hess annual run-rate synergies within one year of closing, 50% above target.
Signed 20-year PPA with Microsoft for 2.67 GW behind-the-meter power for West Texas data center.
Board declared $1.78 quarterly dividend, payable Sept 10, 2026; record date Aug 19.

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