Chevron Corporation reported net income attributable to the company of $3.5 billion ($1.82 per diluted share) for the third quarter of 2025, down from $4.5 billion ($2.48 per diluted share) in the same period of 2024. For the first nine months of 2025, net income was $9.5 billion ($5.27 per diluted share), compared to $14.4 billion ($7.88 per diluted share) in the prior year period. Upstream earnings for the third quarter of 2025 were $3.3 billion, compared with $4.6 billion in the third quarter of 2024. For the first nine months of 2025, upstream earnings totaled $9.8 billion, down from $14.3 billion in the same period of 2024. The declines were mainly due to lower liquids realizations and lower affiliate earnings. Downstream earnings in the third quarter of 2025 were $1.1 billion, compared with $595 million in the third quarter of 2024. Cash provided by operating activities was $23.2 billion in the first nine months of 2025, compared to $22.8 billion in the same period of 2024. Capital expenditures totaled $12.1 billion, consistent with the previous year. Chevron purchased 15.4 million shares of Hess common stock for approximately $2.2 billion in the first quarter of 2025. Proceeds and deposits related to asset sales and returns of investment were $1.5 billion in the first nine months of 2025, up from $620 million a year earlier.