Chevron Expects Q4 Downtime Of ~125K BOE/Day Including TCO, $(400)M–$(500)M Refinery Impact From El Segundo Event, $800–$900M Affiliate Dividends, And $0.9B–$1.1B Segment Charge

Author: Benzinga Newsdesk | October 31, 2025 05:30am

Upstream downtime in the fourth quarter is expected to be around 125 thousand barrels of oil equivalent per day, including planned maintenance at TCO. Earnings impacts in the fourth quarter from refinery turnarounds and downtime are forecast to be $(400) to $(500) million. This guidance is inclusive of the estimated impact from the El Segundo event. Affiliate dividends for the fourth quarter are expected to be $800 to $900 million. We expect earnings for the All Other segment to be a charge of $0.9 to $1.1 billion for the quarter.

Posted In: CVX