Chevron Smashes US Upstream Production Records in Q2

Chevron (NYSE:CVX) has reported record US upstream production for the second quarter of 2026. According to Chevron, this performance is attributed to 'disciplined investment and strong execution that drove record US upstream production.'

The company's international upstream segment earned $4.64 billion, compared to $1.31 billion in the same period last year, helped by volumes, realizations, and favorable timing effects.

Chevron also reported a 20% increase in worldwide production from the same quarter last year, with US upstream output at 2,077 thousand barrels per day.