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Home Trading News Commodities

Chevron beats estimates as Hess acquisition drives oil production growth

November 1, 2025
in Commodities
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Chevron beats estimates as Hess acquisition drives oil production growth
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(WO) — Chevron Company reported report oil and gasoline manufacturing within the third quarter of 2025, pushed by the mixing of Hess Company belongings and powerful efficiency from core upstream areas together with the Permian basin, Gulf of America, Kazakhstan, and Guyana. 


Stabroek block, offshore Guyana. Picture: Hess

The corporate’s international manufacturing rose 21% year-over-year to 4.1 million boe per day, its highest on report. The acquisition of Hess contributed 495,000 boed, whereas legacy Chevron operations added 227,000 boed, reflecting positive aspects from new mission ramp-ups and regular operational reliability.

Chevron achieved first oil on the Yellowtail growth, the fourth producing mission in Guyana’s offshore Stabroek Block, and sanctioned Hammerhead, the block’s seventh growth. Collectively, these milestones strengthen Chevron’s place in one of many world’s most prolific rising oil provinces.

In different upstream developments, Chevron offered its curiosity in Block A-18 inside the Malaysia-Thailand joint growth space, prolonged pure gasoline export agreements from Israel’s Leviathan discipline to Egypt, and expanded its LNG portfolio with a second long-term provide settlement with ENN World Buying and selling in China.

The corporate additionally entered new exploration agreements overlaying three offshore blocks in Peru’s Trujillo basin and two frontier exploration blocks in Guinea-Bissau, reflecting its continued concentrate on high-potential worldwide acreage.

Chevron Chairman and CEO Mike Wirth stated integration of the Hess acquisition “is progressing nicely, unlocking synergies throughout operations and positioning Chevron as a premier international power firm.”



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Tags: AcquisitionBeatsChevronDrivesEstimatesGrowthHessoilproduction
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