Chevron Stock Nears Record High on Strong Q2 Earnings

Chevron's stock price is nearing its record high in late August 2026, trading at around $205.25 per share after strong profit growth in Q2 2026 and ongoing dividend payments.

The oil major reported a sharp improvement in profitability, with earnings per share of $6.06 surpassing the consensus estimate of $5.55 by $0.51, representing a positive surprise of over 9%.

Chevron's revenue also grew strongly, reaching $67.20 billion in Q2 2026, compared to analyst expectations of $62.72 billion, and up 57.4% from the same quarter last year.