Chevron stock: Q3 earnings reach $9.9 billion on refinery record

Published on 11/03/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chevron stock is in focus after a strong third quarter led by refining and cash generation. The company also expanded its production options.

Chevron combines earnings and refining strength

Chevron reported strong third-quarter earnings and adjusted earnings on October 30.
US refinery throughput reached a record while crude utilization approached 98 percent.
Production growth, expanded Venezuelan acreage and Bakken measures shape the next strategic phase.

Chevron, US1667641005, Illustration mit AI erstellt.

Chevron Corporation reported third-quarter earnings of 9.9 billion US dollars on October 30, 2026, as record US refinery throughput supported the integrated energy group. The company's official third-quarter results release said diluted earnings were 5.06 US dollars per share.

Adjusted earnings reached 10.4 billion US dollars, or 5.28 US dollars per diluted share. Chevron said the quarter included a 160 million US dollar legal reserve, a 110 million US dollar impairment and 24 million US dollars in pension settlement costs. Foreign-currency effects reduced earnings by 143 million US dollars.

Refining leads operating performance

US refinery crude unit throughput set a record, while crude utilization reached 98 percent. That performance gives Chevron a stronger downstream contribution in a quarter when refining reliability and product yields were central to profitability.

Chevron also reported that US production was up 27 percent from two years earlier. Upstream production exceeded 2 million barrels of oil equivalent per day for the fifth consecutive quarter, according to the company. The group highlighted new production records in the Eastern Mediterranean and Australia.

Growth options remain in focus

The company is expanding its position in Venezuela and working to improve the competitiveness of its Bakken operations. For investors, the combination of upstream volume growth and high refinery utilization remains important because it spreads earnings exposure across several parts of the energy cycle.

Chevron stock traded at 205.35 euros on Lang & Schwarz at 1:12 p.m. CET on Tuesday, November 3, 2026. The real-time quote of Chevron stock is available separately.

Chevron Corporation at a glance

Company: Chevron Corporation
ISIN: US1667641005
WKN: 852552
Ticker: CVX
Home exchange: NYSE
Lang & Schwarz quote: 205.35 euros, Tuesday, November 3, 2026, 1:12 p.m. CET
Third-quarter earnings: 9.9 billion US dollars
Adjusted third-quarter earnings: 10.4 billion US dollars

US energy shares remain sensitive to crude prices, refining margins and changes in global supply expectations. Current market developments for the S&P 500 provide the broader benchmark context.

More news and analyses on Chevron stock will track the next earnings, operating updates and capital-allocation decisions.