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Chevron Expects up to $400 Million Quarterly Impact from Hess Deal

Business & Policy
September 25, 2025

Excluding severance charges and other costs related to the $55 billion transaction, the U.S. energy major expects an impact of $50 million to $150 million on adjusted earnings in the quarter.

Chevron added that it was expecting net oil-equivalent production to range between 450,000 and 500,000 barrels of oil equivalent per day for the third quarter, including some downtime.

Capital spending for the current quarter is expected to range from $1 billion to $1.25 billion.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Anil D’Silva)