US EditionChevron says Iran war cut Q1 production but higher prices helped upstream earnings (CVX:NYSE)
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The average daily production of black gold is expected to be 3.8 to 3.9 million barrels. The post Hydrocarbon Increase: Chevron forecasts up to US$2.2 billion in excess of the 1T appeared first on Les Affaires.
Chevron forecasts up to $2.2 billion boost to upstream earnings from higher Q1 prices
(Investing) – Chevron said on Thursday its upstream earnings were expected to rise by $1.6 billion to $2.2 billion in the first quarter versus the fourth quarter of 2025, driven by surging oil and gas prices from volatility linked to the Iran war. The conflict, which began on February 28, sent oil prices skyrocketing as much as 65%, with some oil and gas fields in the Middle East shutting production after the Strait of Hormuz – a conduit for a f
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elperiodicodelaenergia.comThe oil company Chevron has announced a 6% drop in oil barrels production during the first three months of the year due to the conflict in the Middle East, which has caused disruptions in oil routes and damage due to armed attacks on the Persian Gulf's energy infrastructure.
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