Chevron reported Q4 2025 adjusted earnings of $1.52 per share, beating the $1.44 consensus estimate, while simultaneously announcing a 4% dividend hike and a major strategic plan to cut $3 billion in structural costs.
- The earnings beat was primarily driven by record high oil-equivalent production and successful cost reductions.
- The company detailed a strategic initiative to centralize global operations, aiming to achieve the $3 billion in structural cost savings by 2026.
- Management confirmed a disciplined capital expenditure plan of $18-$19 billion, focused on high-return upstream projects.