Stabroek JOA (Joint Operating Agreement) has set a hearing for 2025, further delaying the closure of the Hess acquisition, he added. "In additional to Permian production likely hitting 1+ mmboepd next year, CVX could see solid GOM production upside by 2026 all the while reducing unit drilling costs," the analyst wrote. The company may keep its quarterly dividend at $1.63 per share, while reaching its share buyback target of $17.5 billion this year, he further stated. Goldman Sachs : Chevron reported adjusted earnings of $2.55 per share, missing its own guidance of $2.93 per share, Mehta said.