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CLAIM #19282 · CVX (CVX) · 2025Q4 earnings call · Jan 30, 2026 · due Dec 31, 2030

So steady growth, combined those projects should increase production about 25% and double earnings and cash flow by 2030.

Michael Wirth · CEO

PENDING
graded after results covering Dec 31, 2030 are reported

How to check this claim

Look at: Total company production (BOE/d) and earnings and cash flow from operations, cumulative growth from current baseline to 2030

It came true if: Production growth >= 25% and earnings and operating cash flow at least 2x (100% higher) versus baseline levels, by year-end 2030

Where: Company 10-K/annual report production figures and income statement/cash flow statement (Chevron annual filings)

In context

d to get some questions back during, you know, the last year or so when there was a lot of, kinda geopolitical, uncertainty in the region. But you know, this is a tremendous resource. All credit to Noble Energy for the way they developed both tomorrow and Leviathan. And, you know, across our core assets, on a gross basis, we've got over 40 TCF of resource. This is comparable to our assets in Australia, have been the focus of investors for a long time. But this is similar scale. In the near term, we're focused on safely bringing online projects at both tomorrow and later this year. Tomorrow, we'll add about 500,000,000 cubic feet a day of capacity. Leviathan, about 200. And then the Leviathan expansion, just took FID on, will take gross production there to 2.1 BCF by the end of the decade. So steady growth, combined those projects should increase production about 25% and double earnings and cash flow by 2030. And then as you mentioned, Aphrodite just entered FEED. We're working towards a competitive project in Cyprus. This is one that's been, kind of on the drawing board for quite some time, and we've reached, I think, a good understanding with Cyprus on the development concept there. And so all of these, you know, lead to our confidence in the region. Last thing is we've got at least one exploration well I know that is going to go down offshore Egypt. We've got a large position in a number of blocks offshore Egypt further to the West in areas that are relatively underexplored and have been under some military exclusions. Historically, working petroleum systems onshore, and, you know, we've got reasons to believe they could extend offshore. So we're gonna be testing that. We shot seismic and g

Verify independently

SEC filings for CVX · Claim quote is verbatim from the 2025Q4 earnings call.