CVX Chevron Corporation

Q3 2025 10-Q

Filed: Nov 6, 2025Period ending Sep 30, 2025

Energy

Petroleum RefiningSEC EDGAR

Chevron Corporation (CVX) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 6, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Management Discussion & Analysis

• Revenue slightly down to $48.2B Q3 2025 vs $48.9B Q3 2024; net income $3.5B vs $4.5B YoY; 9-month net income $9.5B vs $14.4B prior year
• Operating earnings: Upstream $3.3B Q3 2025 vs $4.6B Q3 2024; Downstream $1.1B Q3 2025 vs $595M Q3 2024; total margin impacted by earnings shift

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Risk Factors

• New Hess acquisition severance accrual increase $ million in Q3, balance expected to settle by end of 2026
• Asset retirement obligations (ARO) increased by $1.682 billion due to Hess acquisition, total ARO balance $13.9 billion at Sept 30, 2025

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Quarterly Financial Summary
XBRL

Revenue

$48.2B

▼ -1.5% YoY▲ +8.5% QoQ

Net Income

$3.5B

▼ -21.1% YoY▲ +42.1% QoQ

Net Margin

7.3%

▼ -182bp YoY▲ +174bp QoQ

ROE

1.9%

Total Assets

$326.5B

EPS (Diluted)

$1.82

▼ -26.6% YoY▲ +25.5% QoQ

Operating Cash Flow

$9.4B

▼ -3.0% YoY▲ +9.4% QoQ

Source: XBRL data from Chevron Corporation Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

Other Chevron Corporation Quarterly Reports

Q2 2025 10-Q

Q1 2025 10-Q

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