Chevron Q3 earnings reach $9.92 billion as production rises
Key points
- Chevron (NYSE:CVX) reported third-quarter 2026 earnings of $9.924 billion, equivalent to $5.06 per diluted share.
- Adjusted earnings reached $10.361 billion, or $5.28 per diluted share, while return on capital employed stood at 18%.
- U.S. production increased 27% compared with two years ago, while the company reported record crude throughput at its U.S. refineries.
Chevron (NYSE:CVX) reported third-quarter 2026 earnings of $9.924 billion, or $5.06 per diluted share, while adjusted earnings reached $10.361 billion, or $5.28 per share.
The company reported year-to-date earnings of $24.206 billion, equivalent to $12.26 per diluted share, while its third-quarter return on capital employed reached 18%.
Chevron reported upstream earnings of $5.698 billion and downstream earnings of $4.931 billion, while adjusted earnings excluded items including legal reserves and impairments.
U.S. refineries achieved record crude throughput with a 98% crude utilization rate, while the company continued exploration activities through a new discovery in Angola and agreements covering Libya and Venezuela.
Chevron also announced an offshore crude oil and natural gas condensate discovery in Angola's Lower Congo Basin and signed an exploration agreement with Libya's National Oil Corporation covering the Sirte Basin.
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