Chevron Stock Dips on Oil Price Pressure Despite Strong Earnings

Chevron's stock price dipped by 0.62 percent on September 22, 2026, closing at $202.41 on the NYSE.

This decline brings Chevron's shares to a 7.05 percent discount from their 52-week high of $217.78.

Despite this drop, Chevron's quarterly earnings report for fiscal 2026 showed EPS of $6.06, exceeding analyst estimates of $5.55 and beating the prior year's EPS of $1.77 by a wide margin.

The company's revenue also exceeded expectations, reaching $67.20 billion in the second quarter, up 57.4 percent from the same period last year.

Erste Group Bank has raised its fiscal 2026 EPS estimate to $16.09, while projecting fiscal 2027 EPS of $13.52.