Chevron Corporation (CVX) Financials
Key financial figures for Chevron Corporation (Q2 2026).
Chevron reported Q2 2026 earnings of $12.1 billion ($6.11 per share diluted), a sharp rebound driven by Hess-fueled production growth and a downstream margin recovery. Chevron reported Q2 2026 earnings of $12.1 billion ($6.11/share diluted), up from $2.2 billion in Q1 2026 and $2.5 billion in Q2 2025; adjusted earnings were $12.0 billion ($6.06/share). Upstream earnings rose to $8.18 billion (from $2.73 billion a year ago) as worldwide production grew 20% year over year, led by legacy Hess assets plus organic growth in the Permian Basin and Gulf of America, alongside stronger liquids realizations. Downstream earnings rebounded to $4.87 billion (from a $817 million loss in Q1 2026) on record U.S. On the outlook: Chevron reiterated its structural cost-reduction program, targeting $3-4 billion of annual run-rate reductions by the end of 2026 (having already reached $3 billion ahead of schedule), and said the pending sale of its stake in Singapore Refining Company and related downstream assets across Singapore, Vietnam, Australia, Indonesia, the Philippines, and Malaysia is expected to close in 2027. Figures are for Q2 2026, as Chevron Corporation reported them.
- Revenue
- $70.1B
- Net Income
- $12.2B
- EPS
- $6.13
- Total Assets
- $330.1B
- Operating Cash Flow
- $22.6B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $67.2B | $12.1B | $6.11 | 31.96% | $18.1B |
| Q1 FY2026 | $47.6B | $2.2B | $1.11 | 6.81% | -$1.5B |
| Q4 FY2025 | $45.8B | $2.8B | $1.39 | 8.79% | $5.5B |
| Q3 FY2025 | $48.2B | $3.5B | $1.82 | 8.92% | $4.9B |
| Q2 FY2025 | $44.4B | $2.5B | $1.45 | 9.14% | $4.9B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $184.4B | $12.3B | $6.63 | 9.04% | $16.6B |
| FY2024 | $193.4B | $17.7B | $9.72 | 15.04% | $15.0B |
| FY2023 | $196.9B | $21.4B | $11.36 | 17.16% | $19.8B |
Frequently asked questions
What was Chevron Corporation's revenue last quarter?
Chevron Corporation reported revenue of $67.20 billion for Q2 FY2026, up 51.4% from the same period a year earlier.
Is Chevron Corporation profitable?
Yes. Chevron Corporation reported net income of $12.07 billion for Q2 FY2026, a net margin of 17.96% on revenue.
How has Chevron Corporation's margin trended?
Operating margin was 31.96% in Q2 FY2026, compared with 9.14% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Chevron Corporation generate?
Chevron Corporation generated free cash flow of $18.10 billion in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Chevron Corporation on SentiSense, with up to forty quarters and twenty fiscal years of history.