Chevron Corp FY 2025 10-K, explained in plain English
Key financials — as reported
| Total revenue | $184.4B |
| Gross margin | 41.3% |
| Operating income | — not reported |
| Net income | $12.3B |
| Diluted EPS | $6.63 |
| Cash & equivalents | — not reported |
| Total assets | $324.0B |
| Long-term debt | $39.8B |
Key takeaway
Chevron closed its acquisition of Hess Corporation in July 2025, expanding its asset base and upstream portfolio, including a stake in Hess Midstream LP.
🔒 4 more takeaways in the full analysis
Beneath the surface
Cash and restricted cash totaled only $7.3 billion against total debt of roughly $30.9-$41.7 billion (current debt $10.9B plus long-term debt $39.8B), indicating a substantial net debt position not obvious from the long-term debt figure alone.
🔒 4 more insights a headline reader would miss
This is the free preview. The full analysis explains every line item above and includes 8 more findings — plus insider trades, activist stakes, and 8-K events for CVX.
Read the full analysis free Free account · 5 full analyses included · no card required