Chevron Corp. (NYSE CVX) on Friday reported second-quarter 2025 results, with adjusted earnings and sales surpassing Wall Street estimates despite a decline in reported net earnings.
The energy giant’s adjusted earnings were $1.77 per share, down from $2.55 a year ago but above the consensus estimate of $1.76. Sales for the quarter were $44.82 billion, a 12.5% year-over-year decline that still beat the estimated $43.43 billion.
Reported earnings fell to $2.5 billion ($1.45 per diluted share) from $4.4 billion a year earlier, a drop attributed to lower crude oil prices and a one-time net loss of $215 million related to the fair value measurement of Hess shares.
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