Highest-materiality recent filing
Chevron Q1 2026 earnings $2.2B, down from $3.5B YoY; adjusted $2.8B; returns $6B to shareholders
Reported diluted EPS $1.11 vs $2.00 YoY; adjusted EPS $1.41 vs $2.18.
Chevron Q1 2026 guidance: $2.7-3.7B negative timing effects, legal charge $350-400M
Timing effects expected to negatively impact Q1 earnings $2.7B-$3.7B, mostly in Downstream, to unwind later.
Chevron Q4 earnings $2.8B ($1.39/sh) down from $3.2B YoY; dividend raised 4% to $1.78
Adjusted Q4 EPS $1.52 vs $2.06 YoY; full-year adj. EPS $7.29 vs $10.05.
Chevron Q3 earnings $3.5B, down 22% YoY; record production 4.1M BOE/day
GAAP EPS $1.82 vs $2.48 year ago; adjusted EPS $1.85 vs $2.51.
Chevron estimates Q3 Hess acquisition after-tax loss of $(200)-(400)M, adjusted earnings $50-150M
Hess-related after-tax loss $(200)-(400)M; excluding severance/transaction costs, adjusted earnings $50-150M.
Chevron Q2 earnings fall to $2.5B ($1.45/share) from $4.4B; Permian production record 1M BOE/d
Net earnings $2.5B ($1.45 diluted EPS) vs $4.4B ($2.43) a year ago; adjusted earnings $3.1B ($1.77).
Chevron completes acquisition of Hess Corporation on July 18, 2025
Chevron now owns a 30% interest in the Guyana Stabroek Block with over 11 billion barrels of discovered recoverable resources.
Chevron Q1 earnings fall to $3.5B ($2.00/sh) from $5.5B; adjusted EPS $2.18
Reported net income of $3.5B ($2.00 diluted EPS) vs $5.5B ($2.97) in Q1 2024.
Chevron buys 15.38M Hess shares (4.99% stake) at discount to merger exchange ratio
Purchased 15.38M Hess shares Jan-Mar 2025, ~4.99% of outstanding Hess common stock as of Jan 31, 2025.
Chevron Q4 2024 earnings $3.2B; raises dividend 5% to $1.71/share
Q4 reported earnings $3.2B ($1.84 EPS) vs $2.3B ($1.22) year ago; adjusted earnings $3.6B ($2.06 EPS).
Chevron Q3 earnings $4.5B, down 31% YoY; returns record $7.7B to shareholders
Reported earnings $4.5B ($2.48/diluted EPS) vs $6.5B ($3.48) in Q3 2023; adjusted EPS $2.51.
Chevron sells Alberta oil sands & shale assets to Canadian Natural Resources for US$6.5B
Sale of 20% non-operated interest in Athabasca Oil Sands Project and 70% operated interest in Duvernay shale.
Chevron-Hess merger clears FTC antitrust review; key closing condition satisfied
FTC accepted consent agreement on Sep 30, 2024, completing antitrust review.
Chevron Q2 2024 earnings $4.4B ($2.43 EPS) vs $6.0B year ago; adjusted $4.7B
Worldwide net oil-equivalent production up 11% YoY to 3,292 MBOED; record Permian output.
Chevron-Hess merger arbitration hearing set for May 2025; decision within 3 months
Arbitration merits hearing for Stabroek ROFR scheduled for May 2025, decision expected within 3 months.
Chevron Q1 EPS $2.97, production +12% YoY, returns $6B to shareholders
Reported earnings $5.5B ($2.97 diluted EPS) vs $6.6B ($3.46) YoY; adjusted $5.4B ($2.93).
Chevron Q4 2023 GAAP earnings $2.3B, adjusted $6.5B; dividend raised 8%
Reported earnings of $2.3B ($1.22/diluted share) vs $6.4B a year ago; adjusted earnings of $6.5B ($3.45/diluted).
Chevron announces Q4 2023 non-cash charges of $3.5-$4.0B from impairment and abandonment obligations
Non-cash after-tax charges estimated at $3.5B to $4.0B in Q4 2023, treated as special items.
Chevron Q3 earnings $6.5B, down 42% YoY; announces Hess acquisition
Reported earnings $6.5B ($3.48 diluted) vs $11.2B ($5.78) a year ago; adjusted earnings $5.7B ($3.05) vs $10.8B ($5.56).
Chevron to acquire Hess in $53B all-stock deal, $171/share, expected close H1 2024
All-stock transaction valued at $53B ($171/share); Hess holders get 1.0250 Chevron shares per share.
Chevron to acquire Hess in all-stock merger; each Hess share gets 1.025 Chevron shares
Hess shareholders to receive 1.025 Chevron shares per share of Hess common stock.
Chevron completes acquisition of PDC Energy; adds 275,000 net acres in DJ Basin
Acquisition closed August 7, 2023, following PDC Energy shareholder approval.
Chevron Q2 earnings $6.0B ($3.20/dil) down 48%; record Permian production, $7.2B returned
Adjusted EPS $3.08 vs $5.82 in Q2 2022; revenue $47.2B, down from $65.4B.
Chevron Q2 adjusted earnings $5.8B, down 49% YoY; record Permian production
Reported earnings $6.0B ($3.20 diluted EPS) vs $11.6B ($5.95) in Q2 2022.
Chevron to acquire PDC Energy in all-stock deal valued at $6.3B
Total enterprise value of $7.6B including debt; PDC shareholders get 0.4638 CVX shares per PDCE share.
Chevron Q1 2023 earnings $6.6B, EPS $3.46; adjusted EPS $3.55
Revenue $48.8B vs $52.3B a year ago; earnings up 5% YoY from $6.3B.
Chevron Q4 GAAP EPS $3.33, adj. EPS $4.09; board authorizes $75B buyback
Q4 earnings $6.4B ($3.33 diluted EPS) vs $5.1B year ago; adj. earnings $7.9B ($4.09).
On May 27, 2026, R. Hewitt Pate notified the Board of Directors of Chevron Corporation (“Chevron”) of his decision to resign as Chief Legal Officer of Chevron, effective December 31, 2026, in connection with his expected retirement in June 2027.
To support a smooth transition of his responsibilities, on October 1, 2024, Mr. Hearne will assume the role of Executive Vice President, Senior Advisor, a position that he will hold until his retirement from the Company.
A. Nigel Hearne will resign from his position as Executive Vice President, Oil, Products & Gas effective October 1, 2024, and retire from the Company on or about February 14, 2025.
Mark A. Nelson, the Company’s Vice Chairman, will also assume the position of Executive Vice President, Oil, Products & Gas, effective October 1, 2024.
the Board of Directors of Chevron appointed Eimear P. Bonner to the position of Vice President and Chief Financial Officer of Chevron, effective March 1, 2024.
Pierre R. Breber elected to resign from his position as Vice President and Chief Financial Officer of Chevron, effective February 29, 2024.
due to his election by the Board to a new corporate officer role, Vice Chairman, in addition to Executive Vice President, Strategy, Policy and Development, effective February 1, 2023.
David A. Inchausti elected to resign from his position as Vice President and Controller of Chevron, effective February 28, 2023.
the Board of Directors of Chevron appointed Alana K. Knowles to the position of Vice President and Controller of Chevron, effective March 1, 2023.
Mark A. Nelson, currently Executive Vice President, Downstream & Chemicals (a position that is also being eliminated), will assume the role of Executive Vice President, Strategy, Policy and Development, effective October 1, 2022.
James W. Johnson’s position as Executive Vice President, Upstream will be eliminated effective October 1, 2022.
This Current Report on Form 8-K/A is being filed to reflect that the Company and Mr. Geagea have mutually agreed to postpone Mr. Geagea’s retirement date to on or about June 15, 2022, to complete certain strategic projects for the Company.
Max materiality 1.00 · Median 0.65 · Most common event earnings