Chevron reports Q3 2026 earnings beat with record refinery throughput and $5.28 adjusted EPS
+2 new sources since this summary was written
Chevron announced third‑quarter 2026 adjusted earnings of $10.4 billion, or $5.28 per share, surpassing consensus estimates. Revenue rose 36.4% year‑over‑year to $67.8 billion, driven by higher oil realizations and record U.S. refinery throughput of 1.09 million barrels per day. The company returned $6 billion to shareholders and declared a quarterly dividend of $1.78 per share. CEO Mike Wirth highlighted disciplined execution and continued investment in energy supply.
Why it matters
The earnings beat and strong cash flow boost Chevron’s balance sheet, supporting its $6 billion shareholder return and $1.78 dividend, which may attract income‑focused investors. Higher margins and record refining capacity suggest continued earnings upside if oil prices stay elevated.
Key facts
- 1Adjusted earnings were $10.4 billion, or $5.28 per share, beating the Zacks Consensus Estimate of $4.78 by 10.46%. proactiveinvestors.com
- 2Revenue for the quarter was $67.8 billion, up 36.4% from $49.7 billion a year earlier. proactiveinvestors.com
- 3U.S. refineries processed a record 1.09 million barrels per day, with crude utilization near 98%. proactiveinvestors.com
- 4Cash flow from operations reached $16.0 billion, and free cash flow increased to $12.0 billion. stocktitan.net
- 5The company returned $6.0 billion to shareholders via dividends and share repurchases and declared a $1.78 quarterly dividend payable December 10. proactiveinvestors.com
- 6Upstream earnings were $5.7 billion and downstream earnings $4.9 billion, with downstream earnings more than quadrupling year‑over‑year. proactiveinvestors.com
Summary written by AlphAI AI Desk from 20 of 53 sources. Not investment advice. Figures are as stated by the linked sources.