Chevron Posts Record Revenue, Net Income in 2026 Quarter

Chevron Corp has reported its results for the 2026 quarter, showing significant growth across various metrics. The company's revenue reached $70.06B, up 56.3% year-over-year from $44.82B in the prior quarter.

The increase in revenue was driven by stronger upstream and downstream margins, as well as higher production compared to the previous quarter. Net income also surged, rising 384.8% year-over-year to $12.07B.

Chevron's diluted earnings per share (EPS) stood at $6.11, representing a 21.4% increase from $1.45 in the prior quarter. The company attributed this growth to higher crude and refined product prices, as well as improved refining margins.