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Chevron Says Up to $400 Million Loss Expected in Q3 From Hess Acquisition
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Chevron Says Up to $400 Million Loss Expected in Q3 From Hess Acquisition
Sep 25, 2025 6:09 AM

08:52 AM EDT, 09/25/2025 (MT Newswires) -- Chevron ( CVX ) said in a regulatory filing Thursday that its acquisition of Hess will result in a loss of $200 million to $400 million in Q3.

The company said that excluding severance and other costs related to the transaction, it expects an impact of $50 million to $150 million on its Q3 adjusted earnings.

Chevron ( CVX ) said about half of the cash outflows associated with the severance and other transaction costs are expected to occur in Q3, with the remainder expected within the next 12 months.

Chevron ( CVX ) completed its acquisition of Hess in July after winning an arbitration case over Hess' offshore assets in Guyana.

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