Energy company Chevron Corporation (NYSE: CVX) on Friday announced results for the third quarter of fiscal 2025, reporting a decline in adjusted earnings.
In the third quarter, total revenues and other income were $49.7 billion, vs. $50.7 billion reported in the year-ago quarter.
Net income attributable to the company declined to $3.54 billion or $1.82 per share in the third quarter from $4.49 billion or $2.48 per share in the prior year period. Adjusted earnings decreased to $1.85 per share from $2.51 per share in Q3 2024.
“U.S. and worldwide production hit new company records, up 27 percent and 21 percent, respectively, from last year. Strong cash flow from operations was sustained while the company’s adjusted free cash flow increased more than 50 percent from a year ago. The company returned $6 billion of cash to shareholders in the quarter, and over $78 billion in the last 3 years,” said Mike Wirth, Chevron’s chief executive officer.
The post CVX Earnings: Chevron Q3 2025 adjusted profit declines on lower revenues first appeared on AlphaStreet.
—
Blog powered by G6
Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.
For any inquiries, please contact [email protected]
