Record Production Achieved
Chevron reported a quarterly production record both in the U.S. and globally, with Permian Basin production averaging over 1 million barrels of oil equivalent per day.
Successful Hess Merger and Arbitration Win
Chevron closed its merger with Hess, adding significant assets to its portfolio and achieved a favorable arbitration outcome, further solidifying its market position.
Strong Cash Flow and Shareholder Returns
Chevron generated cash flow from operations of $8.3 billion and returned over $5 billion to shareholders for the 13th consecutive quarter.
Operational Excellence in Key Segments
The company reported its highest U.S. refinery crude throughput in over 20 years and achieved a 30% reduction in development and production unit costs in the Permian.
Enhanced Free Cash Flow Forecast
Chevron increased its 2026 additional free cash flow guidance to $12.5 billion, driven by synergy realization and production growth.