CVX Earnings: Chevron Q1 2025 profit falls on lower revenues

Chevron Corporation (NYSE: CVX) reported a sharp fall in profit for the first quarter of 2025 when the energy exploration company’s revenues declined YoY. Revenues and other income totaled $47.6 billion in the March quarter, down 2% from $48.7 billion reported in the year-ago quarter. Net income attributable to the company plunged to $3.50 billion […]

May 2, 2025 1 min read

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Chevron Corporation (NYSE: CVX) reported a sharp fall in profit for the first quarter of 2025 when the energy exploration company’s revenues declined YoY. Revenues and other income totaled $47.6 billion in the March quarter, down 2% from $48.7 billion reported in the year-ago quarter. Net income attributable to the company plunged to $3.50 billion […]
· May 2, 2025

Chevron Corporation (NYSE: CVX) reported a sharp fall in profit for the first quarter of 2025 when the energy exploration company’s revenues declined YoY.

Chevron Q1 2025 earnings infographic

Revenues and other income totaled $47.6 billion in the March quarter, down 2% from $48.7 billion reported in the year-ago quarter.

Net income attributable to the company plunged to $3.50 billion or $2.0 per share in the first quarter from $5.50 billion or $2.97 per share in the prior year period. Adjusted profit decreased 26% year-over-year to $2.18 per share.

“Despite changing market conditions, our resilient portfolio, strong balance sheet, and consistent focus on capital and cost discipline position us to deliver industry-leading free cash flow growth by 2026,” said Mike Wirth, Chevron’s chief executive officer.