Chevron Corp Stock Price, News & Analysis

Chevron (NYSE: CVX) named Kevin McLachlan as Vice President of Exploration effective November 1, 2025. McLachlan will lead Chevron’s worldwide exploration program from Houston and succeeds Liz Schwarze, who will retire in February 2026 after 36 years with the company. McLachlan’s background includes senior roles at TotalEnergies, Murphy Oil, Nexen and ExxonMobil and experience in international exploration, development, production and carbon capture and storage (CCS). Chevron reiterated its strategy to grow oil and gas while lowering carbon intensity and expanding new businesses.

Chevron (NYSE: CVX) will hold its 3Q 2025 earnings conference call on Friday, October 31, 2025 at 11:00 a.m. ET / 10:00 a.m. CT. The live dial-in (listen-only) is 888-256-9157 with Conference ID 5158291. Speakers include Mike Wirth (Chairman & CEO), Eimear Bonner (VP & CFO) and Jake Spiering (Head of IR).

Investors can access the live webcast and meeting replay at www.chevron.com under the Investors section. Media contact: Ross Allen, +1 (713) 372-6497. Source: BusinessWire.

Chevron (NYSE:CVX) reported Q2 2025 earnings of $2.5 billion ($1.45 per share), down from $4.4 billion ($2.43 per share) in Q2 2024. Adjusted earnings were $3.1 billion ($1.77 per share). Key highlights include reaching record production of 1 million BOE per day in the Permian Basin and returning $5.5 billion to shareholders.

The company completed the strategic Hess Corporation acquisition in July, strengthening its portfolio with high-quality assets in Guyana, U.S. Bakken, and Gulf of America. Chevron maintained strong cash flow generation, with $8.6 billion in operating cash flow and continued its 13-quarter streak of returning over $5 billion to shareholders through $2.6 billion in share repurchases and $2.9 billion in dividends.

Chevron Corporation (NYSE: CVX) has announced the appointment of John B. Hess to its Board of Directors. Hess, 71, previously served as CEO of Hess Corporation from 1995 to 2025 and as Chairman from 1995 to 2013, where he transformed the company from an integrated oil company into a focused global exploration and production company.

Hess brings significant industry experience and currently serves on various prestigious boards, including Goldman Sachs and the Center for Strategic and International Studies. He holds degrees from Harvard College and Harvard Business School, and has been actively involved in industry organizations including the American Petroleum Institute.

Chevron (NYSE: CVX) has completed its acquisition of Hess Corporation, creating a premier integrated oil & gas company. The strategic merger combines Chevron's existing portfolio with Hess' world-class assets, including a 30% stake in Guyana's Stabroek Block with over 11 billion barrels of oil equivalent discovered recoverable resource, 463,000 net acres in the Bakken, and complementary assets in the Gulf of America.

The transaction terms include 1.0250 Chevron shares for each Hess share, with Chevron issuing approximately 301 million shares of common stock. The company expects to achieve $1 billion in annual run-rate cost synergies by the end of 2025 and projects capital expenditures between $19-22 billion. Former Hess CEO John Hess is set to join Chevron's Board of Directors following FTC clearance.

Chevron (NYSE:CVX) has announced a $250,000 donation to support flood relief efforts in Central and West Texas, distributed among three community partners. The Community Foundation of the Texas Hill Country and Team Rubicon will each receive $100,000, while the Fuel Relief Fund will receive $50,000.

Additionally, Chevron is implementing a 2:1 employee match contribution program with a cap of $250,000, potentially tripling the impact of employee donations. The company, headquartered in Houston, maintains significant operations throughout Texas, including crude oil fields, a refinery, technical facilities, and pipeline assets.

Chevron Corporation (NYSE: CVX) has scheduled its second quarter 2025 earnings conference call for Friday, August 1, 2025, at 11:00 a.m. ET. The call will feature key executives including CEO Mike Wirth, Vice Chairman Mark Nelson, CFO Eimear Bonner, and Head of IR Jake Spiering.

Investors can access the call via phone (888-240-9352, Conference ID: 7352942) or through a live webcast on www.chevron.com. A replay will be available in the "Investors" section of the company's website following the presentation.

TerraVolta Resources and The Energy & Minerals Group have sold their equity interests in two subsidiaries to Chevron U.S.A. Inc. The transaction includes approximately 100,000 net acres of lithium-rich leasehold positions in east Texas and southwest Arkansas, marking Chevron's entry into the domestic lithium market. The deal represents Chevron's first step toward establishing a commercial-scale lithium business in the United States. The assets are located in the Smackover Formation, which TerraVolta has strategically developed over time. The acquisition aligns with the growing demand for domestic critical minerals and supports the development of an integrated lithium supply chain in the United States.

Chevron (NYSE: CVX) has announced its entry into the domestic lithium sector through the acquisition of two leasehold positions from TerraVolta Resources and East Texas Natural Resources, totaling approximately 125,000 net acres. The acreage spans Northeast Texas and Southwest Arkansas, targeting the lithium-rich Smackover Formation. This strategic move marks Chevron's first venture into establishing a commercial-scale domestic lithium business, utilizing direct lithium extraction (DLE) technology for more efficient and environmentally friendly production compared to traditional methods. The investment aims to strengthen U.S. energy security and meet growing demand for critical minerals, leveraging Chevron's expertise in subsurface resource development and value chain integration.