“There are not signs that we would see the NOJV piece of our business significantly constrained or contracting as we go through next year.”

How to check this claim

Look at: NOJV (non-operated joint venture) production or capital/business activity level, as disclosed by Chevron for fiscal year 2026 versus 2025

It came true if: NOJV-related production or business activity in FY2026 not significantly below (i.e., not more than modestly, e.g. >5-10% lower than) FY2025 levels

Where: Company disclosures (10-K, earnings call commentary, investor presentations) on NOJV production/capital activity

Verify independently

SEC filings for CVX ↗ · Claim quote is verbatim from the 2025Q3 earnings call.