Chevron Q4 2025 earnings fall to $2.8 billion from $3.2 billion; dividend up 4%
Chevron reported unaudited fourth quarter 2025 earnings of $2.8 billion, or $1.39 per diluted share, down from $3.2 billion, or $1.84 per share, a year earlier. Adjusted earnings were $3.0 billion ($1.52 per share), also lower than the $3.6 billion ($2.06 per share) a year earlier, and the company announced a 4 percent increase in its quarterly dividend to $1.78 per share, which shareholders may view as a positive sign for cash returns.
Key points
- Q4 2025 earnings were $2.8 billion ($1.39 per diluted share) versus $3.2 billion ($1.84) in Q4 2024; adjusted earnings were $3.0 billion ($1.52) versus $3.6 billion ($2.06).
- Sales and other operating revenues were $45.8 billion in Q4 2025 versus $48.3 billion in Q4 2024.
- Quarterly dividend rises 4 percent to $1.78 per share, payable March 10, 2026, to holders of record on February 17, 2026.
- Full-year 2025 cash flow from operations was $33.9 billion and the company returned $27.1 billion to shareholders during the year.
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 30, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.