Chevron (CVX) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Chevron published the results on October 30, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Chevron reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Revenue here is Chevron's "Total revenues and other income" line, which adds income from equity affiliates and other income to sales and other operating revenues ($65,237 million in Q3 2026).
• Effective September 1, 2026, Chevron accounts for its Venezuelan joint ventures under the equity method, so Q3 2026 includes one month of Venezuela production on that basis.
• Chevron completed its acquisition of Hess in July 2025, so the year-ago quarter includes Hess severance and transaction costs and the share count rose after Chevron issued 301.25 million shares for the deal.

Source: Chevron Q3 2026 results, October 30, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Chevron splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Chevron's Upstream, United States revenue was $6.1 billion in Q3 2026, up 7% from $5.8 billion in Q3 2025, 9% of total revenue.
• Chevron's Upstream, International revenue was $13.7 billion in Q3 2026, up 32% from $10.4 billion in Q3 2025, 20% of total revenue.
• Chevron's Downstream, United States revenue was $24.1 billion in Q3 2026, up 43% from $16.8 billion in Q3 2025, 36% of total revenue.
• Chevron's Downstream, International revenue was $23.7 billion in Q3 2026, up 44% from $16.5 billion in Q3 2025, 35% of total revenue.
• Chevron's All Other revenue was $167 million in Q3 2026, down 42% from $286 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenues and other income and GAAP diluted EPS, each as first reported in that quarter's release.

Chevron's next report is expected around January 29, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 30, 2026

Chevron's total revenues and other income were $67,798 million in Q3 2026: sales and other operating revenues of $65,237 million, income from equity affiliates of $2,097 million and other income of $464 million. By segment, sales and other operating revenues were $23,741 million in U.S. downstream, $23,171 million in international downstream, $12,252 million in international upstream and $6,048 million in U.S. upstream. Downstream sales are the larger figure because they include the value of crude bought and refined; U.S. upstream also transferred $7,959 million of product to other Chevron segments, which is eliminated from consolidated revenue. (Chevron Form 10-Q, Q3 2026, Nov 5, 2026)

Chevron's upstream business explores for, develops, produces and transports crude oil and natural gas, including liquefied natural gas. Its downstream business refines crude oil into petroleum products, markets crude oil, refined products and lubricants, makes renewable fuels and manufactures petrochemicals and additives. (Chevron Form 10-K, 2025, Feb 24, 2026; Chevron Q3 2026 release, Oct 30, 2026)

Chevron's revenue rose with prices. The average Brent spot price was $97 a barrel in Q3 2026, against $69 a year earlier. Chevron's U.S. liquids realization was $62.72 a barrel, against $48.12, and its international liquids realization $86.09, against $63.16. Chevron said reported earnings increased on higher margins on refined product sales and higher crude oil realizations, partly offset by unfavorable timing effects from the rising price environment. (Chevron Q3 2026 release, Oct 30, 2026)

Chevron's net oil-equivalent production was 3,980 thousand barrels per day, against 4,086 thousand a year earlier. U.S. production of 2,043 thousand barrels per day was up 3,000 barrels per day on project ramp-ups at Ballymore, Whale and Anchor in the Gulf of America. International production fell 109,000 barrels per day, which Chevron attributed to lower entitlements from higher prices and the conflict in the Middle East, partly offset by record production at operated assets in Australia and one month of Venezuela production. (Chevron Q3 2026 release, Oct 30, 2026)

Chevron's income from equity affiliates rose to $2,097 million from $981 million, mainly from higher upstream earnings at Tengizchevroil (TCO) in Kazakhstan, in which Chevron owns 50 percent, and at Petropiar in Venezuela after the switch to equity accounting on September 1, 2026, and from higher refining margins at GS Caltex in South Korea and chemicals margins at CPChem. (Chevron Form 10-Q, Q3 2026, Nov 5, 2026)

Chevron's GAAP diluted EPS was $5.06 in Q3 2026 and adjusted EPS $5.28. Adjusted earnings of $10,361 million exclude special items of $294 million after tax, made up of a legal reserve of $160 million, an impairment of $110 million and pension settlement costs of $24 million, and foreign currency effects that reduced earnings by $143 million. The year-ago figures were $1.82 GAAP and $1.85 adjusted, when special items included Hess severance and transaction costs. (Chevron Q3 2026 release, Oct 30, 2026)

Chevron does not remove timing effects from adjusted earnings. Timing effects, from mark-to-market on derivatives ahead of physical delivery and from LIFO inventory accounting, were negative $1,580 million in Q3 2026, against positive $1,540 million in Q2 2026. Chevron's effective tax rate fell to 26 percent from 33 percent, which it attributed mainly to mix effects across tax jurisdictions. (Chevron Q3 2026 release, Oct 30, 2026; Chevron Form 10-Q, Q3 2026, Nov 5, 2026)

Chevron's diluted weighted average share count was 1,962,905 thousand, against 1,946,035 thousand a year earlier; Chevron issued 301.25 million shares to close the Hess acquisition in July 2025. In Q3 2026 Chevron repurchased 12.9 million shares for $2.5 billion and paid $3,482 million of common dividends, and its board declared a quarterly dividend of $1.78 per share payable December 10, 2026. (Chevron Q3 2026 release, Oct 30, 2026; Chevron Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Chevron's results release contains no numeric outlook. Chevron publishes a separate Sensitivities and Forward Guidance document on its website, updated quarterly the month before earnings calls. In its 10-Q for Q3 2026, Chevron said it expects fourth quarter 2026 share repurchases of $2.5-$3.0 billion. (Chevron Q3 2026 release, Oct 30, 2026; Chevron Form 10-Q, Q3 2026, Nov 5, 2026)

In the release, Chevron said its Venezuelan joint ventures plan to invest $7 billion over the next five years and that it signed agreements to reduce Bakken midstream costs by approximately 50 percent. (Chevron Q3 2026 release, Oct 30, 2026)

A consensus figure is the average of the models published by the analysts who cover Chevron, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Chevron's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CVX is on is CVX a buy or a sell?, what analysts expect next is on the CVX forecast, and what the company does is on the Chevron (CVX) stock page.

Every number on this page can be traced to a document Chevron published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.