Chevron Stock Premarket: Record Output & Cash Flow Boost – Nov 3, 2025 Key Facts
Strong Q3 Earnings and Record Production Chevron’s Q3 (ended Sept. 30) report, released Oct. 31, exceeded forecasts despite lower oil prices. Adjusted EPS was $1.85, well above the ~$1.68 consensus reuters.com (it was $2.51 a year ago). Production from legacy Chevron + Hess hit a record 4.1M barrels-of-oil equivalent per day (vs. 3.4M a year prior) ts2.tech washingtonexaminer.com. Upstream profit fell (~28% YoY) due to weaker prices, but downstream (refining/chemicals) profit nearly doubled on strong margins reuters.com. Overall, Chevron generated ~$9.4–9.9B in operating cash flow (+20% YoY) reuters.com and about $4.9B free cash. The balance sheet remains strong (cash ~$7.7B,