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Chevron expects up to $400 million quarterly impact from Hess deal
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Chevron expects up to $400 million quarterly impact from Hess deal
Sep 25, 2025 5:27 AM

Sept 25 (Reuters) - Chevron ( CVX ) said on Thursday it

was expecting a loss of $200 million to $400 million in the

third quarter due to the impact related to the acquisition of

Hess.

Chevron ( CVX ) closed its $55 billion buyout of Hess in July after

winning a landmark legal battle against larger rival Exxon Mobil ( XOM )

to gain access to the largest oil discovery in decades.

Excluding severance charges and other costs related to the

$55 billion transaction, the U.S. energy major expects an impact

of $50 million to $150 million on adjusted earnings in the

quarter.

Chevron ( CVX ) added that it was expecting net oil-equivalent

production to range between 450,000 and 500,000 barrels of oil

equivalent per day for the third quarter, including some

downtime.

Capital spending for the current quarter is expected to

range from $1 billion to $1.25 billion.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Anil

D'Silva)

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