Chevron Surpasses Earnings Expectations with $12B Q2 Profit

Chevron Corp., the Houston-based oil company, reported its second-quarter net income as $12.07 billion on July 31, 2026.

The earnings beat Wall Street expectations with a net income of $6.11 per share and adjusted earnings of $6.06 per share after accounting for non-recurring gains.

This exceeded the average estimate of five analysts surveyed by Zacks Investment Research who predicted earnings of $5.80 per share, and also topped revenue forecasts with $70.06 billion in the period.