Chevron stock slips 1.25% after strong Q3 earnings
Published on 11/03/2026 at 15:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRefining and production drive results
- Chevron reported strong third-quarter earnings on October 30 after record U.S. refinery throughput.
- Production growth, Venezuela acreage and Bakken cost work shape the next investor focus.
- Adjusted earnings reflected several disclosed charges and foreign-currency effects.
Chevron stock traded at 202.78 euros on Lang & Schwarz at 3:34 p.m. CET on Tuesday, November 3, 2026, 1.25 percent below the 205.35 euros quoted in the latest relevant report published earlier that day. The move since that report is separate from the Xetra daily comparison.
Chevron reported third-quarter earnings of 9.9 billion US dollars on October 30, according to the Chevron third-quarter results release. Diluted earnings reached 5.06 US dollars per share, while adjusted earnings came to 10.4 billion US dollars, or 5.28 US dollars per diluted share.
Refining sets the operating tone
Record crude throughput at Chevron's U.S. refineries and 98 percent crude utilization supported downstream performance. The company said U.S. production was 27 percent higher than two years earlier, while upstream production exceeded 2 million barrels of oil equivalent per day for a fifth consecutive quarter.
The reported 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, making the adjusted result the clearer measure of underlying operating performance.
Growth options remain in focus
Chevron highlighted new production records in the Eastern Mediterranean and Australia. It is also expanding its position in Venezuela and working to improve the competitiveness of its Bakken operations.
The real-time quote of Chevron stock is available separately. The combination of upstream volume growth and high refinery utilization leaves investors focused on how refining margins, crude prices and project execution affect the next results.
Broader investor sentiment can be followed through the S&P 500 market theme.
More news and analyses on Chevron stock will track the next operating updates and capital-allocation decisions.
Chevron Corporation
- ISIN: US1667641005
- Ticker: CVX
- Home exchange: NYSE
- Lang & Schwarz quote: 202.78 euros, Tuesday, November 3, 2026, 3:34 p.m. CET
- Change since relevant report: 1.25 percent lower than 205.35 euros quoted at 1:12 p.m. CET on November 3, 2026
- Third-quarter reported earnings: 9.9 billion US dollars
- Third-quarter adjusted earnings: 10.4 billion US dollars
