Chevron Corporation produced a record quantity of oil and gas for the third quarter of 2025 due to the addition of Hess Corporation assets and stellar performance from core upstream areas which include the Permian basin, Gulf of America, Kazakstan, and Guyana.
Global production for the company was up 21% from last year at 4.1 million boe/d, its highest on record. The acquisition of Hess accounted for 495,000 boed, while operations from legacy Chevron contributed 227,000 boed, due to strong ramp-ups of new projects and reliable operations.
Chevron reached first oil at the Yellowtail development, the fourth producing project in Guyana's offshore Stabroek Block, and sanctioned Hammerhead, the block's seventh development. Together, these milestones strengthen Chevron's position in one of the world's most prolific emerging oil provinces.
In other upstream developments, Chevron sold its interest in Block A-18 within the Malaysia-Thailand joint development area, extended natural gas export agreements from Israel's Leviathan field to Egypt, and expanded its LNG portfolio with a second long-term supply agreement with ENN Global Trading in China.
The company also entered new exploration agreements covering three offshore blocks in Peru's Trujillo basin and two frontier exploration blocks in Guinea-Bissau, reflecting its continued focus on high-potential international acreage.
Chevron Chairman and CEO Mike Wirth said integration of the Hess acquisition "is progressing well, unlocking synergies across operations and positioning Chevron as a premier global energy company."