Chevron Says Iran War Reduced Production, Impacted Earnings

Chevron Corp. said its production fell as much as 6% in the first quarter due in part to the Iran war, echoing a similar disclosure from arch rival Exxon Mobil Corp. earlier this week.

Chevron’s production was between 3.8 million and 3.9 million net oil-equivalent barrels per day, the company said Thursday in a filing. That compares with 4.05 million barrels during the fourth quarter of 2025.