$CVX · CHEVRON CORP
Chevron's 10-Q for the quarter ended September 30, 2026 reports net income attributable to Chevron of $9.924B ($5.06 diluted EPS), versus $3.539B ($1.82) in Q3 2025. Revenue rose 36.3% YoY to $67.798B. Nine-month net income was $24.206B ($12.26 diluted EPS) versus $9.529B ($5.27) a year earlier.
- Q3 2026 net income attributable to Chevron was $9.924B, up from $3.539B in Q3 2025.
- Diluted EPS was $5.06 versus $1.82 a year earlier.
- Total revenues and other income rose to $67.798B from $49.726B.
- Upstream earnings were $5.7B versus $3.3B; downstream $4.9B versus $1.1B.
- Nine-month net income was $24.206B versus $9.529B in 2025.
Stock is at $219.29, down 0.51% since filing despite the strong earnings beat, suggesting results were largely priced in or offset by the Hess Midstream loss disclosure.
Chevron's earnings nearly tripled year-over-year on higher realizations, but a pending $3-4B Hess Midstream loss tempers the headline.
Higher crude realizations drove broad upstream gains, consistent with a favorable commodity-price environment across the integrated oil majors.
Chevron expects a preliminary $3-4B after-tax loss on the Hess Midstream transaction, subject to closing adjustments and tax effects.