---
schema_version: "secwatch.filing_event.v1"
accession: "0000093410-26-000108"
form_type: "8-K"
ticker: "CVX"
cik: "0000093410"
company_name: "CHEVRON CORP"
filed_at: "2026-04-09T23:59:59+00:00"
generated_at: "2026-05-15T06:51:51.456867+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000093410-26-000108
- form_type: 8-K
- ticker: CVX
- cik: 0000093410
- company_name: CHEVRON CORP
- filed_at: 2026-04-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/93410/000009341026000108/0000093410-26-000108-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/93410/000009341026000108/cvx-20260409.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000093410-26-000108
- JSON: https://secwatch.observer/filing/0000093410-26-000108.json
- Plain text: https://secwatch.observer/filing/0000093410-26-000108.txt

## Source-grounded claims
- claim_id: 2e752180c036052a1c56f6cd4012fc6db32545b2
  claim: CHEVRON CORP reported preliminary financial results for First quarter 2026.
  evidence_excerpt: On April 9, 2026 , Chevron Corporation (“Chevron” or the “Company”) is providing guidance on certain items affecting first quarter 2026 financial results.
  evidence_url: https://www.sec.gov/Archives/edgar/data/93410/000009341026000108/0000093410-26-000108-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.