Chevron (CVX) Tops Q1 EPS by 44c, Misses on Revenue

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Chevron Reports First Quarter 2026 Results

May 1, 2026 6:15 AM EDT

Reported earnings of $2.2 billion; adjusted earnings of $2.8 billion Returned $6.0 billion cash to shareholders; 16th consecutive quarter over $5 billion Worldwide and U.S. production increased by 15 and 24 percent, respectively

HOUSTON--(BUSINESS WIRE)-- Chevron Corporation (NYSE: CVX) reported earnings of $2.2 billion ($1.11 per share - diluted) for first quarter 2026, compared with $3.5 billion ($2.00 per share - diluted) in first quarter 2025. Included in the quarter was a net loss of $360 million related to a legal reserve. Foreign currency effects decreased earnings by $223 million. Adjusted earnings of $2.8 billion ($1.41 per share - diluted)... More