Chevron Corporation: Beat — EPS $5.28, Revenue $67.8B
Earnings BeatQ3 2026 · Pre-market
Did Chevron Corporation (CVX) beat earnings today?
Yes, Chevron Corporation (CVX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+9.32% surprise
$5.28Actual
Expected: $4.83
vs. year ago +185.4%
Total Revenue+9.00% surprise
$67.8BActual
Expected: $62.2B
vs. year ago +36.3%
Released Oct 30 · 6:15 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Sales and other operating revenues | $65.24B | $48.17B | +35.4% |
| Net Income | $9.92B | $3.54B | +180.4% |
| GAAP Basic EPS | $5.07 | $1.83 | +177.0% |
| GAAP Diluted EPS | $5.06 | $1.82 | +178.0% |
| Adjusted Diluted EPS | $5.28 | $1.85 | +185.4% |
Business Highlights
- ➤U.S. upstream production exceeded 2 million BOE/d for the fifth consecutive quarter.
- ➤U.S. refineries achieved record crude throughput and nearly 98% crude-unit utilization.
- ➤Chevron expanded Venezuelan acreage and improved commercial terms to support future investment.
- ➤Joint ventures in Venezuela plan $7B of investment over the next five years.
- ➤Chevron signed agreements to reduce Bakken midstream costs by approximately 50%.
- ➤Chevron announced an offshore crude oil and condensate discovery in Angola’s Lower Congo Basin.
- ➤Chevron signed a Sirte Basin exploration agreement with Libya’s National Oil Corporation.
- ➤Bunge Chevron Ag Renewables started its Destrehan, Louisiana oilseed-processing facility.
- ➤Chevron completed the sale of its Cambodia downstream fuels business.
- ➤The board declared a quarterly dividend of $1.78 per share.
Management Commentary
Mike Wirth, Chairman and Chief Executive Officer
“We delivered strong operational performance and disciplined execution, while continuing to invest to grow energy supply,”
Mike Wirth, Chairman and Chief Executive Officer
“We’re reinvesting to bring more energy to a supply-constrained market,”
Mike Wirth, Chairman and Chief Executive Officer
“Building on our performance this quarter, we're focused on delivering the reliable energy the world needs today, while positioning Chevron for the future,”