Chevron (CXV) Q4 2025 earnings

Strip reported on friday fourth quarter profit Wall Street’s forecasts were surpassed as record oil production offset the woes of low crude oil prices. Last year, oil recorded its biggest annual price decline since 2020.

Chevron may be poised to increase production further this year following the US military intervention in Venezuela, which led to the ouster of President Nicolas Maduro and the de facto seizure of control of the South American country’s oil industry.

Chevron is the only US oil major operating in Venezuela under a special license issued by the US Treasury Department. On Friday, he said he could increase production in Venezuela by 50% in the next 18 to 24 months.

Chevron shares were down about 1% in premarket trading.

Here’s what Chevron reported for the fourth quarter compared to Wall Street’s expectations, based on a survey of LSEG analysts:

• Earnings per share: $1.52, expected $1.45
• Revenue: $46.87 billion – $47.1 billion

Chevron reported net income of $2.77 billion, or $1.39 per share, for the quarter; This represents a decrease of approximately 14% compared to earnings of $3.24 billion, or $1.84 per share, in the same period a year ago.

After adjustments, Chevron earned $1.52 per share, beating the Street’s forecast of $1.45 per share.

More barrels from Venezuela would add to Chevron’s already strong production in the U.S. and around the world. It broke a production record for the quarter with 4.05 million barrels per day.

Wall Street sees Chevron as the US oil company positioned to make the most of US intervention in Venezuela. Rivals like ExxonMobil They are hesitant to return to Venezuela because of the country’s history of seizing assets from international oil majors.

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