🔹 Adj. EPS: $1.77 (Est. $1.75) 🟢
🔹 Revenue: $44.82B (Est. $45.6B) 🔴
🔹 Cash Flow from Ops: $8.68B (Est. $7.45B) 🟢
Segment Earnings
🔹 Upstream: $2.73B (Est. $2.97B) 🔴
🔹 Downstream: $737M (Est. $592.3M) 🟢
Production Highlights
🔹 Total Production: 3,396 MBOE/d (Est. 3,355) 🟢
🔹 Permian Basin: Record 1M BOE/d
🔹 Liquids Production: 1,218 mb/d
🔹 U.S. Upstream Earnings: $1.42B; DOWN -34% YoY
🔹 Intl. Upstream Earnings: $1.31B; DOWN -43% YoY
Downstream Details
🔹 U.S. Downstream: $404M; UP +44% YoY
🔹 Intl. Downstream: $333M; UP +5% YoY
🔹 Refined Product Sales: 2.85M b/d (U.S. + Intl. combined)
🔹 Higher margins, increased demand for jet fuel and gasoline
Capital Return & Dividends
🔹 Shareholder Returns: $5.5B (13th straight quarter >$5B)
— Dividends: $2.9B
— Share Buybacks: $2.6B
🔹 Dividend Declared: $1.71/share; payable Sep 10, 2025
Strategic & Operational Highlights
🔸 Completed Hess acquisition in July
🔸 U.S. lithium acreage deal (~125K acres in TX/AR)
🔸 Started renewable diesel production at Geismar (22K bpd)
🔸 New LNG contracts bring U.S. Gulf Coast capacity to 7M tonnes/year
🔸 Won offshore blocks: 9 in Brazil, 2 in Egypt
🔸 Simplified org structure implemented July 1
🔸 “Record production, exceptional cash generation, and transformational Hess acquisition position us for long-term growth.” – CEO Mike Wirth