Chevron (NYSE: CVX) entered Q3 2025 with a mix of short-term headwinds and long-term ambitions. The company’s recently completed $55 billion acquisition of Hess Corporation adds immediate costs and complexity, but the strategic upside—particularly Hess’ Guyana assets—remains compelling. Here’s a breakdown of what Chevron announced and how drilling trends across North America provide context for its operations going forward.
Chevron’s Q3 Outlook and 2025 Drilling Program: Balancing Near-Term Losses with Long-Term Growth
