Chevron's Q1 earnings fell 30% due to declining oil prices and lower production

From CNBC: 2025-05-02 07:09:00

Chevron stock fell due to declining oil prices, leading to a 30% decrease in net income to $3.5 billion. The company plans to repurchase $2.5-3 billion in Q2, compared to $3.9 billion in Q1. Chevron’s U.S. production business saw a profit decline of over 10% to $1.86 billion. Capital expenditures decreased by 5% to $3.9 billion.



Read more at CNBC:: Chevron (CVX) earnings Q1 2025