business / news / / Bnn Bloomberg
Chevron said on Thursday it expected a US$1.6 billion boost to its first-quarter upstream earnings.
Chevron expects a $1.6 to $2.2 billion increase in Q1 upstream earnings versus Q4 2025.
KEY POINTS
- The Iran war caused oil prices to surge up to 65% and shut some Middle East production.
- Chevron's net oil-equivalent production will be 3.8–3.9 million barrels per day, affected by project downtime.
- Chevron anticipates a $2.7 to $3.7 billion after-tax hit from hedging and accounting timing effects.
COMPANIES
Summarized by Newsio from Bnn Bloomberg. How we summarize →