Chevron Q1 2026 guidance: $2.7-3.7B negative timing effects, legal charge $350-400M

CHEVRON CORP

2026-Q1 EPS reported $1.11 revenue$48,607,000,000

Timing effects expected to negatively impact Q1 earnings $2.7B-$3.7B, mostly in Downstream, to unwind later.
Working capital outflow $2B-$4B reflecting normal Q1 activity and higher commodity prices.
Upstream earnings benefit from higher commodity prices $1.6B-$2.2B vs Q4 2025.
Q1 production 3.8-3.9 MMBOED due to Tengizchevroil downtime and Middle East reduced output.
Q1 includes $350M-$400M after-tax charge for litigation reserve related to ceased operations.

item 2.02

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.52

CHEVRON CORP reported preliminary financial results for First quarter 2026.

Period: First quarter 2026
Result: preliminary results

Exact text from the filing

On April 9, 2026 , Chevron Corporation (“Chevron” or the “Company”) is providing guidance on certain items affecting first quarter 2026 financial results.

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Source: SEC EDGAR

accession 0000093410-26-000108

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