Results
Chevron Corporation
01/30/2026 | Press release | Archived content
Chevron reports fourth quarter 2025 results
- Reported earnings of $2.8 billion; adjusted earnings of $3.0 billion
- Cash flow from operations of $10.8 billion; adjusted free cash flow of $4.2 billion
- Increased 2025 worldwide and U.S. production by 12 and 16 percent to record levels
- Reserve replacement ratio of 158 percent in 2025
- Announces a 4 percent increase in quarterly dividend to $1.78 per share
HOUSTON, Texas, January 30, 2026 - Chevron Corporation (NYSE: CVX) reported earnings of $2.8 billion ($1.39 per share - diluted) for fourth quarter 2025, compared with $3.2 billion ($1.84 per share - diluted) in fourth quarter 2024. Included in the quarter was a net loss of $128 million due to pension settlement costs. Foreign currency effects decreased earnings by $130 million. Adjusted earnings of $3.0 billion ($1.52 per share - diluted) in fourth quarter 2025 compared to adjusted earnings of $3.6 billion ($2.06 per share - diluted) in fourth quarter 2024. See Attachment 4 for a reconciliation of adjusted earnings.
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