earnings
confidence high
sentiment neutral
materiality 0.75
Chevron Q1 2026 earnings $2.2B, down from $3.5B YoY; adjusted $2.8B; returns $6B to shareholders
CHEVRON CORP
2026-Q1 EPS reported
$1.11
revenue$48,607,000,000
- Reported diluted EPS $1.11 vs $2.00 YoY; adjusted EPS $1.41 vs $2.18.
- Worldwide production up 15% YoY to 3,858 MBOED; U.S. production exceeded 2 MBOED for third consecutive quarter.
- Returned $6.0B to shareholders: $2.5B buybacks + $3.5B dividends; quarterly dividend $1.78 payable June 10.
- Downstream segment loss $817M due to unfavorable timing effects of ~$2.9B and $360M legal reserve.
- Capex $4.1B; CFFO $2.5B (incl. higher working capital); adjusted FCF $4.1B.