Chevron Corporation reported a significant decline in profitability for the nine months ended September 30, 2025, with Net Income falling to \(9.53 billion from \)14.42 billion in 2024. Quarterly Net Income was \(3.54 billion (\)1.82 EPS), down year-over-year, despite stable operating cash flow (\(23.15B YTD). Total Assets expanded substantially to \)326.5 billion, driven by the acquisition of Hess Corporation.
Hess Acquisition & Integration: Chevron closed the \(48 billion acquisition of Hess Corporation on July 18, 2025. The transaction resulted in the assumption of approximately \)8.8 billion
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