Oct 30, 6:16 AM ET
Chevron Corporation reported third quarter 2026 earnings of $9.9 billion, or $5.06 per share, compared with $3.5 billion in the third quarter of 2025. Adjusted earnings came in at $10.4 billion, supported by reliable operations, higher margins on refined product sales, and increased crude oil realizations. The company also declared a quarterly dividend of $1.78 per share and reduced total debt by $3.5 billion during the quarter.
- Reported third quarter 2026 earnings of $9.9 billion ($5.06 per share - diluted) compared to $3.5 billion in third quarter 2025.
- Adjusted earnings reached $10.4 billion ($5.28 per share - diluted) for the third quarter of 2026.
- U.S. refinery crude unit throughput set a new record of 1.09 million barrels per day with crude utilization at 98 percent.
- Total debt was reduced by $3.5 billion and a quarterly dividend of $1.78 per share was declared, payable on December 10, 2026.
Read the filing on SEC.gov ↗
Oct 6, 5:16 PM ET
Chevron agreed to transfer its ownership interests and general partner position in Hess Midstream LP, plus its DJ Basin crude oil midstream assets, in exchange for extended Bakken midstream contracts, new DJ Basin contracts and $200 million in cash. Chevron expects a one-time after-tax loss of approximately $3 to $4 billion at closing, which it expects to treat as a special item, and expects the deal to close by year-end 2026.
- At closing, Chevron expects a one-time after-tax loss of approximately $3 to $4 billion, treated as a special item.
- Chevron expects to reduce its Bakken unit midstream costs by approximately 50% and to increase return on capital employed.
- Chevron receives $200 million in cash and expects to fully deconsolidate Hess Midstream, including about $3.7 billion of its debt.
- The deal is expected to close by year-end 2026, subject to customary closing conditions and regulatory approvals.
Read the filing on SEC.gov ↗
Oct 5, 9:01 AM ET
Chevron's board named Jeff B. Gustavson, currently President of New Energies, as Chief Financial Officer effective January 1, 2027. Eimear P. Bonner, the current CFO, moves to President of Oil, Products & Gas on the same date, and Mark A. Nelson steps back from his Executive Vice President role to remain Vice Chairman focused on Strategy and Business Development. The filing gives no financial results, so the change itself is the main development for shareholders to note.
- Jeff B. Gustavson, age 54, joined Chevron in 1999 and becomes CFO effective January 1, 2027
- Gustavson's annual base salary is $1,000,000, effective January 1, 2027, with a target bonus of 110% under the Chevron Incentive Plan
- Eimear P. Bonner moves from Chief Financial Officer to President, Oil, Products & Gas, effective January 1, 2027
- Mark A. Nelson remains Vice Chairman but no longer serves as Executive Vice President, Oil, Products & Gas, effective January 1, 2027
Read the filing on SEC.gov ↗
Jul 31, 6:16 AM ET
Chevron reported unaudited second quarter 2026 earnings of $12.1 billion, or $6.11 per diluted share, compared with $2.49 billion, or $1.45 per share, a year earlier. Adjusted earnings were $12.0 billion ($6.06 per share), and the company declared a $1.78 quarterly dividend, showing higher profit and continued shareholder payouts.
- Second quarter 2026 earnings were $12.1 billion ($6.11 per diluted share), versus $2.49 billion ($1.45 per share) in second quarter 2025.
- Adjusted earnings were $12.0 billion ($6.06 per diluted share), after an asset sale gain of $230 million and pension settlement costs of $86 million.
- Total debt was reduced by $8.4 billion in the quarter, and net debt fell to $28.5 billion at June 30, 2026 from $34.5 billion at December 31, 2025.
- Quarterly dividend of $1.78 per share is payable September 10, 2026, to holders of record at the close of business on August 19, 2026.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
