Form 10-Q · Quarterly report
Chevron Corporation 10-Q, filed Nov 5, 2026
- Filed
- CIK
- 0000093410
- Accession no.
- 0000093410-26-000200
Summary
Chevron reported third-quarter 2026 net income attributable to the company of $9.9 billion, or $5.06 per diluted share, compared with $3.5 billion, or $1.82 per share, in the third quarter of 2025, with both upstream ($5.7 billion) and downstream ($4.9 billion) earnings up sharply. Chevron attributed the upstream increase mainly to higher realizations and the downstream increase mainly to higher margins on refined product sales.
Key points
- Net income attributable to Chevron for the first nine months of 2026 was $24.2 billion ($12.26 per diluted share), versus $9.5 billion ($5.27) a year earlier.
- Upstream third-quarter earnings of $5.7 billion rose on higher realizations, partly offset by unfavorable timing effects.
- Downstream third-quarter earnings of $4.9 billion rose mainly on higher margins on refined product sales.
- Chevron said periods of sustained lower commodity prices could lead to asset impairments and adjustments to operating expenses, including employee reductions, and capital expenditures.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Third Quarter 2026 Compared with Third Quarter 2025 Key Financial Results Earnings by Business Segment Three Months Ended September 30 Nine Months Ended September 30 2026 2025 2026 2025 (Millions of dollars) (Millions of dollars) Upstream United States $ 3,293 $ 1,282 $ 8,946 $ 4,558 International 2,405 2,020 8,843 5,229 Total Upstream 5,698 3,302 17,789 9,787 Downstream United States 3,585 638 6,192 1,145 International 1,346 499 2,790 1,054 Total Downstream 4,931 1,137 8,982 2,199 Total Segment Earnings 10,629 4,439 26,771 11,986 All Other (705) (900) (2,565) (2,457) Net Income (Loss) Attributable…
An excerpt of the text as filed with the SEC, cut for length.
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