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April 9 (Reuters) - Chevron said on Thursday its upstream earnings were expected ‌to rise by $1.6 billion to $2.2 ‌billion in the first quarter versus the fourth ​quarter of 2025, driven by surging oil and gas prices from volatility linked to the Iran war.

The conflict, which began ‌on February ⁠28, sent oil prices skyrocketing as much as 65%, with some ⁠oil and gas fields in the Middle East shutting production after the ​Strait of ​Hormuz - a conduit ​for a fifth ‌of global energy flows - was effectively closed.

Benchmark Brent crude prices averaged $78.38 per barrel during the first quarter, up 24% from the previous three months, according to ‌data compiled by LSEG.

Chevron's ​net oil‑equivalent production ​is expected to ​average 3.8 million to ‌3.9 million barrels per day, ​with volumes ​affected by downtime at Kazakhstan's Tengizchevroil project and reduced output in ​parts of ‌the Middle East.

(Reporting by Sumit Saha ​in Bengaluru; Editing by Vijay Kishore ​and Pooja Desai)