On October 30, 2026, Chevron Corporation reported unaudited third quarter 2026 earnings of $9.9 billion, or $5.06 per share on a diluted basis. The company also reported adjusted earnings of $10.4 billion, or $5.28 per share, for the same period. Reported earnings for the quarter included a legal reserve of $160 million, an impairment charge of $110 million, and pension settlement costs of $24 million. Foreign currency effects decreased earnings by $143 million.
Operational performance for the quarter included record crude throughput at U.S. refineries, reaching 1.09 million barrels per day with crude unit capacity utilization near 98 percent. In the United States, upstream production exceeded 2 million barrels of oil equivalent per day for the fifth consecutive quarter. Additionally, the company achieved new production records for assets in the Eastern Mediterranean and Australia.
Chevron’s Board of Directors declared a quarterly dividend of $1.78 per share, payable on December 10, 2026, to shareholders of record as of November 18, 2026. The company also announced plans to invest $7 billion over the next five years in joint ventures in Venezuela to unlock low-cost, high-return production growth. Furthermore, Chevron signed agreements to reduce Bakken midstream costs by approximately 50 percent to strengthen asset competitiveness.
Financial metrics for the third quarter of 2026 included a return on capital employed of 17.7 percent, cash flow from operations of $16.0 billion, and adjusted free cash flow of $14.2 billion. The company reduced total debt by $3.5 billion and net debt by $7.8 billion during the quarter. Capital expenditures for the quarter were $4.0 billion.
