雪佛龍第四季度業績顯示，儘管收入不足，但每股收益仍超預期，著眼於未來增長

雪佛龍第四季度業績顯示，儘管收入未達到預期，但在運營效率和成本控制的推動下，每股收益超出預期。該公司著眼於未來的增長。

New York, NY - Chevron Corporation (NYSE: CVX) has announced its fourth quarter 2025 financial results, reporting an adjusted earnings per share (EPS) that outpaced market predictions, a welcome sign for investors. While the energy giant managed to beat expectations on profitability, its revenue figures came in slightly below analyst forecasts, painting a mixed picture for the period.

紐約州紐約 - 雪佛龍公司（紐約證券交易所股票代碼：CVX）公佈了 2025 年第四季度財務業績，調整後每股收益 (EPS) 超出了市場預測，這對投資者來說是一個受歡迎的信號。儘管這家能源巨頭的盈利能力超出了預期，但其收入數據略低於分析師的預測，該時期的情況好壞參半。

Earnings Exceed Expectations, Revenue Dips

盈利超出預期，收入下降

Chevron reported an adjusted EPS of $1.52 for the fourth quarter of 2025, surpassing the consensus estimate of $1.45. This performance highlights the company's adeptness at managing costs and optimizing operations in a dynamic market. However, the company's revenue for the quarter stood at $46.87 billion, falling just short of the projected $47.15 billion. This revenue miss, though slight, indicates ongoing market pressures or shifts that are impacting top-line growth.

雪佛龍公佈的 2025 年第四季度調整後每股收益為 1.52 美元，超過市場普遍預期的 1.45 美元。這一業績凸顯了該公司在動態市場中管理成本和優化運營的能力。然而，該公司本季度營收為 468.7 億美元，略低於預期的 471.5 億美元。儘管收入略有下降，但表明持續的市場壓力或變化正在影響營收增長。

Factors Behind the Performance

績效背後的因素

The reported EPS beat can largely be attributed to a strong focus on operational efficiency and stringent cost controls. These measures helped to bolster profitability despite a year-over-year decline in adjusted earnings, which stood at $2.06 in the fourth quarter of 2024. This decrease was influenced by factors such as lower crude oil prices and unfavorable currency exchange rates. Nevertheless, Chevron's production levels received a significant lift from the integration of Hess and the successful ramp-up of strategic projects in key areas like the Permian Basin and the Gulf of America.

報告中的每股收益增長很大程度上歸因於對運營效率和嚴格成本控制的高度關注。儘管調整後收益同比下降（2024 年第四季度為 2.06 美元），但這些措施仍有助於提高盈利能力。這一下降受到原油價格下跌和不利貨幣匯率等因素的影響。儘管如此，由於赫斯的整合以及二疊紀盆地和美洲灣等關鍵地區戰略項目的成功推進，雪佛龍的生產水平得到了顯著提升。

Furthermore, Chevron demonstrated robust financial health with its cash flow from operations reaching a record $10.8 billion for the quarter. This substantial cash generation underscores the company's resilience and its capacity to support shareholder returns and ongoing capital investments, even amidst fluctuating commodity prices.

此外，雪佛龍表現出強勁的財務狀況，本季度運營現金流達到創紀錄的 108 億美元。如此大量的現金產生突顯了公司的韌性及其支持股東回報和持續資本投資的能力，即使在大宗商品價格波動的情況下也是如此。

A Glimpse into the Future: Efficiency and Expansion

未來一瞥：效率和擴張

Looking ahead, Chevron maintains a positive outlook, underpinned by strategic investments aimed at enhancing operational efficiency and driving growth. The company intends to increase its annual dividend for the 39th consecutive year, a clear testament to its financial confidence and anticipated future cash flows. Key growth initiatives, including the ongoing integration of Hess and advancements in new energy ventures, are poised to expand production capabilities and foster long-term expansion.

展望未來，雪佛龍保持積極的前景，這得益於旨在提高運營效率和推動增長的戰略投資。該公司計劃連續第39年增加年度股息，這清楚地證明了其財務信心和預期的未來現金流。關鍵的增長舉措，包括赫斯的持續整合和新能源企業的進步，旨在擴大生產能力並促進長期擴張。

Chevron's forward-looking strategy includes continued investment in significant projects across both U.S. and international landscapes. Notable projects in Kazakhstan and the Gulf of America are progressing, with a focus on meeting production targets and broadening exploration footprints. The company is also making headway in the renewable energy sector, investing in power solutions for data centers and pioneering direct lithium extraction technologies in the U.S.

雪佛龍的前瞻性戰略包括持續投資美國和國際範圍內的重大項目。哈薩克斯坦和美洲灣的著名項目正在取得進展，重點是實現生產目標和擴大勘探範圍。該公司還在可再生能源領域取得進展，投資數據中心的電力解決方案，並在美國開創直接鋰提取技術

The company has set an ambitious target to achieve structural cost reductions of $3 billion to $4 billion by the end of 2026. This strategic move is expected to sharpen its competitive edge in the global energy market. Chevron's guidance reflects a well-rounded strategy that balances growth aspirations, shareholder value, and a commitment to sustainable energy development.

該公司製定了雄心勃勃的目標，即到2026年底實現結構性成本削減30億至40億美元。這一戰略舉措預計將增強其在全球能源市場的競爭優勢。雪佛龍的指導反映了一項全面的戰略，平衡了增長願望、股東價值和對可持續能源發展的承諾。

Wrapping Up

總結

So, while Chevron might have missed the mark slightly on revenue, they certainly hit a home run with their earnings per share. It looks like the folks at Chevron are really dialing in on what matters most – efficiency and smart growth. Keep an eye on this energy giant as they continue to navigate the market and invest in the future!

因此，雖然雪佛龍在收入方面可能略有不足，但他們的每股收益無疑打出了全壘打。看起來雪佛龍的人們確實在關注最重要的事情——效率和智能增長。請密切關注這個能源巨頭，因為他們將繼續駕馭市場並投資未來！