Chevron (CVX) Reports Q2 Earnings: What Key Metrics Have to Say

For the quarter ended June 2025, Chevron (CVX) reported revenue of $44.82 billion, down 12.4% over the same period last year. EPS came in at $1.77, compared to $2.55 in the year-ago quarter.The reported revenue represents a surprise of -4.89% over the Zacks Consensus Estimate of $47.12 billion. With the consensus EPS estimate being $1.70, the EPS surprise was +4.12%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Chevron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:U.S. and International Upstream - Total net oil-equivalent production: 3396 millions of barrels of oil equivalent versus 3325.97 millions of barrels of oil equivalent estimated by five analysts on average.U.S. Upstream - Net oil-equivalent production per day: 1695 millions of barrels of oil equivalent per day versus the four-analyst average estimate of 1675.02 millions of barrels of oil equivalent per day.International Upstream - Net oil-equivalent production per day: 1701 millions of barrels of oil equivalent per day versus 1651.44 millions of barrels of oil equivalent per day estimated by four analysts on average.U.S. Upstream - Net natural gas production per day: 2,864.00 Mcf/D versus 2,826.53 Mcf/D estimated by three analysts on average.Worldwide - Net natural gas production per day (Natural Gas Production): 7,963.00 Mcf/D versus 7,851.63 Mcf/D estimated by three analysts on average.Worldwide - Net crude oil and natural gas liquids production per day (Liquids Production): 2068 millions of barrels of oil per day versus 2024.02 millions of barrels of oil per day estimated by three analysts on average.U.S. Upstream - Net crude oil and natural gas liquids production per day (Liquids Production): 1218 millions of barrels of oil per day versus the three-analyst average estimate of 1205.94 millions of barrels of oil per day.International Upstream - Net natural gas production per day (Natural Gas Production): 5,099.00 Mcf/D compared to the 5,025.09 Mcf/D average estimate based on three analysts.International Upstream - Net crude oil and natural gas liquids production per day (Liquids Production): 850 millions of barrels of oil per day versus the three-analyst average estimate of 818.08 millions of barrels of oil per day.Revenues- Other income: $-89 million versus $182.25 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -122.2% change.Revenues- Income (loss) from equity affiliates: $536 million versus $526.15 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -55.6% change.Revenues- Sales and other operating revenues: $44.38 billion compared to the $44.6 billion average estimate based on two analysts. The reported number represents a change of -10.5% year over year.View all Key Company Metrics for Chevron here>>>Shares of Chevron have returned -0.2% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.See "2nd Wave" AI stocks now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks