雪佛龙第四季度业绩显示，尽管收入不足，但每股收益仍超预期，着眼于未来增长

雪佛龙第四季度业绩显示，尽管收入未达到预期，但在运营效率和成本控制的推动下，每股收益超出预期。该公司着眼于未来的增长。

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.

纽约州纽约 - 雪佛龙公司（纽约证券交易所股票代码：CVX）公布了 2025 年第四季度财务业绩，调整后每股收益 (EPS) 超出了市场预测，这对投资者来说是一个受欢迎的信号。尽管这家能源巨头的盈利能力超出了预期，但其收入数据略低于分析师的预测，该时期的情况好坏参半。

Earnings Exceed Expectations, Revenue Dips

盈利超出预期，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.

雪佛龙公布的 2025 年第四季度调整后每股收益为 1.52 美元，超过市场普遍预期的 1.45 美元。这一业绩凸显了该公司在动态市场中管理成本和优化运营的能力。然而，该公司本季度营收为 468.7 亿美元，略低于预期的 471.5 亿美元。尽管收入略有下降，但表明持续的市场压力或变化正在影响营收增长。

Factors Behind the Performance

绩效背后的因素

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.

报告中的每股收益增长很大程度上归因于对运营效率和严格成本控制的高度关注。尽管调整后收益同比下降（2024 年第四季度为 2.06 美元），但这些措施仍有助于提高盈利能力。这一下降受到原油价格下跌和不利货币汇率等因素的影响。尽管如此，由于赫斯的整合以及二叠纪盆地和美洲湾等关键地区战略项目的成功推进，雪佛龙的生产水平得到了显着提升。

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，雪佛龙表现出强劲的财务状况，本季度运营现金流达到创纪录的 108 亿美元。如此大量的现金产生突显了公司的韧性及其支持股东回报和持续资本投资的能力，即使在大宗商品价格波动的情况下也是如此。

A Glimpse into the Future: Efficiency and Expansion

未来一瞥：效率和扩张

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.

展望未来，雪佛龙保持积极的前景，这得益于旨在提高运营效率和推动增长的战略投资。该公司计划连续第39年增加年度股息，这清楚地证明了其财务信心和预期的未来现金流。关键的增长举措，包括赫斯的持续整合和新能源企业的进步，旨在扩大生产能力并促进长期扩张。

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.

雪佛龙的前瞻性战略包括持续投资美国和国际范围内的重大项目。哈萨克斯坦和美洲湾的著名项目正在取得进展，重点是实现生产目标和扩大勘探范围。该公司还在可再生能源领域取得进展，投资数据中心的电力解决方案，并在美国开创直接锂提取技术

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.

该公司制定了雄心勃勃的目标，即到2026年底实现结构性成本削减30亿至40亿美元。这一战略举措预计将增强其在全球能源市场的竞争优势。雪佛龙的指导反映了一项全面的战略，平衡了增长愿望、股东价值和对可持续能源发展的承诺。

Wrapping Up

总结

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，虽然雪佛龙在收入方面可能略有不足，但他们的每股收益无疑打出了全垒打。看起来雪佛龙的人们确实在关注最重要的事情——效率和智能增长。请密切关注这个能源巨头，因为他们将继续驾驭市场并投资未来！