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Chevron CVX Q2 2026 earnings

Reported July 31, 2026 · Before market open

Revenue$70.1BBeat by $7.3B
Adjusted EPS$6.06Beat by $0.51
Revenue estimate$62.7B
EPS estimate$5.55
“Our strong second quarter performance is a result of disciplined investment and strong execution that drove record U.S. upstream production, record crude throughput in our U.S. refineries, and exceptional reliability across key assets.”
Mike Wirth

Next report

Oct 30, 2026 (In 3 weeks)
Revenue estimate$58.3B
EPS estimate$4.73

Financials

Q2 2026

Income statement

See full
Revenue$70.1B+56.3%
Gross profit$33.4B+86.2%
Net income$12.1B+385%
EPS (diluted)$6.11+321%

Balance sheet

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Cash & equivalents$9.6B+78.3%
Total debt$37.1B+25.8%
Total equity$189.88B+29.7%
Total assets$330.14B+31.6%

Cash flow

See full
Operating cash flow$22.6B+164%
CapEx$4.5B+22.3%
Free cash flow$18.1B+272%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$406.25B+31.5%
Enterprise value$433.74B+26.9%
P/E19.7×-4.5×
P/S1.9×+0.3×

Profitability

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Gross margin45.4%+4.8pp
Net margin9.6%+2.5pp
FCF margin12.5%+4.3pp

Returns & leverage

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Return on equity12.2%+3.3pp
Debt / equity0.2×0.0×
Current ratio1.3×+0.3×

Segments

By segment

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All Other$250.0M+242%

By geography

See full
Int’l.$44.1B+60.8%

FAQ

When did Chevron report Q2 2026 earnings?
Chevron (CVX) reported Q2 2026 earnings on July 31, 2026 before market open.
What were Chevron's Q2 2026 revenue and EPS?
Chevron reported revenue of $70.1B and adjusted eps of $6.06 for Q2 2026.
Did Chevron beat estimates in Q2 2026?
Revenue beat the consensus estimate of $62.7B by $7.3B. EPS beat the consensus estimate of $5.55 by $0.51.
How did Chevron's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 57.9% from $44.4B a year earlier.
Where can I find Chevron's Q2 2026 SEC filings?
You can read the 8-K earnings release (0000093410-26-000162) and the 10-Q periodic report (0000093410-26-000167) directly on SEC EDGAR. The filing index links above go to sec.gov.