(WO) — Chevron Corporation reported record oil and gas production in the third quarter of 2025, driven by the integration of Hess Corporation assets and strong performance from core upstream regions including the Permian basin, Gulf of America, Kazakhstan, and Guyana.
Stabroek block, offshore Guyana. Image: Hess
The company’s global production rose 21% year-over-year to 4.1 million boe per day, its highest on record. The acquisition of Hess contributed 495,000 boed, while legacy Chevron operations added 227,000 boed, reflecting gains from new project ramp-ups and steady operational reliability.
Chevron achieved first oil at the Yellowtail development, the fourth producing project in Guyana’s offshore Stabroek Block, and sanctioned Hammerhead, the block’s seventh development. Together, these milestones strengthen Chevron’s position in one of the world’s most prolific emerging oil provinces.
In other upstream developments, Chevron sold its interest in Block A-18 within the Malaysia-Thailand joint development area, extended natural gas export agreements from Israel’s Leviathan field to Egypt, and expanded its LNG portfolio with a second long-term supply agreement with ENN Global Trading in China.
The company also entered new exploration agreements covering three offshore blocks in Peru’s Trujillo basin and two frontier exploration blocks in Guinea-Bissau, reflecting its continued focus on high-potential international acreage.
Chevron Chairman and CEO Mike Wirth said integration of the Hess acquisition “is progressing well, unlocking synergies across operations and positioning Chevron as a premier global energy company.”
