Chevron’s (CVX) shares boomed on Friday after the second-largest American oil and gas producer released its third-quarter 2025 results, surpassing Wall Street’s expectations. The Texas-based company’s $55 billion acquisition of energy company Hess helped propel the company’s production to a quarterly record.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Chevron Beats Wall Street But EPS Sank YoY
Chevron turned in an earnings per share of $1.82, which beat the analyst forecast of $1.71; however, the earnings fell more than 27% from the $2.51 posted in the same quarter last year. In terms of sales, revenue exceeded analysts’ consensus of $47.23 billion, reaching $49.73 billion, a 2% year-on-year increase.
During the quarter ended September, the supermajor’s U.S. production climbed 27% from the same period last year, while its global output rose 21% over the same period. Globally, Chevron produced 4.1 million barrels of oil per day.
Both marked new quarterly highs for Chevron, which also set a record for production in the previous quarter. CVX shares jumped nearly 3% on Friday, topping $158 per share as of 10:00 a.m. EDT.
How Does Chevron Compare to Rival ExxonMobil?
In contrast, shares of key rival ExxonMobil (XOM) hovered near negative territory around the same time following the biggest American crude oil producer’s mixed results for the same quarter. ExxonMobil surpassed analysts’ expectations, earning $1.8 per share, but fell short of their revenue projections by $1.2 billion.
ExxonMobil’s sales totaled $85.3 billion, pulled back by lower crude oil production and higher costs, even as oil prices remained under $70 per barrel for much of the recent quarter.
“The integration of Hess is progressing well, unlocking synergies across our operations and positioning Chevron as a premier global energy company,” noted Mike Wirth, Chevron’s chairman and chief executive.
Is