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AI brief of an SEC Form 8-K · Chevron (CVX)

Chevron Q1 2026 earnings fall to $2.2 billion from $3.5 billion a year earlier

Mixed Impact 3 of 5 earnings Written later

Chevron reported first quarter 2026 earnings of $2.2 billion ($1.11 per share diluted), down from $3.5 billion ($2.00 per share) a year earlier, while sales and other operating revenues rose to $47.6 billion from $46.1 billion. The company said timing effects of about $2.9 billion and a $360 million net loss tied to a legal reserve weighed on results, and it returned $6.0 billion to shareholders, including a declared quarterly dividend of $1.78 per share.

Key points

  • Earnings were $2.2 billion ($1.11 per share diluted) versus $3.5 billion ($2.00 per share) in Q1 2025; adjusted earnings were $2.8 billion ($1.41 per share) versus $3.8 billion ($2.18 per share).
  • Net loss of $360 million related to a legal reserve was included in the quarter; foreign currency effects reduced earnings by $223 million.
  • Cash returned to shareholders totaled $6.0 billion, including $2.5 billion in share repurchases and $3.5 billion in dividends.
  • Board declared a quarterly dividend of $1.78 per share, payable June 10, 2026, to holders of record at the close of business on May 19, 2026.

The filing

CompanyChevron (CVX)
Form8-K, current report
Filed with the SECMay 1, 2026, 6:16 AM ET
Accession number0000093410-26-000110

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 01, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.