Chevron Furnishes Financial Outlook and Hess Acquisition Impacts
Summary
Chevron Corporation furnished current estimates for factors impacting its third quarter 2025 financial results, including initial impacts from the Hess acquisition (via Item 7.01). The company anticipates Hess-related impacts on earnings to be a loss of $(200) to $(400) million, though adjusted earnings, excluding severance and other transaction costs, are estimated at $50 to $150 million. Approximately half of the associated cash outflows for severance are expected in , with the remainder within 12 months. - Net oil-equivalent production: 450-500 MBOED - Capital expenditures: $1.0-$1.25 billion - Working capital outflow: $0.5-$1.5 billion - Proceeds from asset sales: $410 million
Why It Matters
Investors should note the estimated initial loss of $(200) to $(400) million on earnings from the Hess acquisition in Q3 2025, alongside a significant working capital outflow. This guidance provides crucial early insight into the financial integration costs and operational performance post-acquisition, impacting near-term profitability and cash flow.
Key Quote
“In third quarter 2025, Hess-related impacts on the Company's earnings are estimated to be a loss of $(200) to $(400) million.”
— From Item 7.01
Filing Details
Reported Items
Additional Information
- CIK Number
- 0000093410
- Filing Date
- Thursday, September 25, 2025
- Filing Time
- 12:00 AM UTC
- Form Type
- 8-K
- Materiality Level
- high
- Sentiment
- neutral