U.S. COMPANY FILING
CHEVRON CORP — Form 10-K filed 2026-02-24
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Chevron's 2025 net income fell 30% to $12.3B due to lower commodity prices and Hess acquisition costs. Capex rose 5% to $17.3B, with $12.1B share buybacks and 38th consecutive annual dividend increase. Completed Hess acquisition, lifting total debt to $40.8B. 2026 organic capex guided at $18-19B.
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