Chevron reaps billions from Guyana oil stake
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Finance
Legal
October 25, 2026
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(Kaieteur News) – Profits for American oil major, Chevron soared to US$12.1B in the second quarter of 2026, a strong performance that was achieved through “legacy assets” the company acquired from Hess- which held a 30% share in Guyana’s Stabroek Block.
According to earnings information shared with investors, the company’s profits for the second quarter were US$12.072B.
It said, “Production in the second quarter of 2026 was 20% higher than second quarter last year largely due to the contribution from legacy Hess assets, and growth in the Permian Basin and Gulf of America.
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