CHEVRON CORP (CVX) Form 10-Q — Aug 6, 2026
Chevron's second-quarter 2026 net income attributable to the company was $12.1 billion, or $6.11 per diluted share, up from $2.5 billion, or $1.45, a year earlier, as sales and other operating revenues rose to $67.2 billion from $44.4 billion. The surge was driven by the July 2025 acquisition of Hess (~$48 billion including assumed debt), which helped lift worldwide production 18 percent to 3.97 million barrels of oil-equivalent per day, alongside record U.S. upstream output and sharply higher refining margins in both U.S. and international downstream.
Key figures
- Eps
- 6.11
- Revenue
- 67199000000
- Net Income
- 12072000000
- Total Debt
- 37100000000
- Revenue Yoy
- +51.4% (Q2 2026 vs Q2 2025: $44.375B); H1 2026 revenue $114.755B vs $90.476B
- Total Assets
- 330135000000
- Cash Position
- 8527000000
- Shares Outstanding
- 1975771274
- Debt ratio
- 16.3%
- Capex h1 2026
- 8601000000
- Net debt ratio
- 13.1%
- Timing effects
- Q1 2026 adverse $2.9B; Q2 2026 favorable $1.5B
- Buyback program
- $75B 2023 authorization; $44.0B (281M shares) repurchased to date
- Q2 2026 buybacks
- 3000000000
- Us q2 production
- up 382,000 BOE/d or 23%, quarterly record
- Brent avg h1 2026
- $92/bbl (vs $72 H1 2025)
- Hess debt assumed
- $8.8 billion principal ($10.0B fair value including finance leases)
- Tco h1 net income
- 2811000000
- Production h1 2026
- 3.97 million BOE/d, up 18% YoY
- Diluted eps h1 2026
- 7.21
- Hess purchase price
- approximately $48 billion
- Assets held for sale
- 780000000
- Dividends paid h1 2026
- 7030000000
- Free cash flow h1 2026
- 16546000000
- Hong kong sale proceeds
- approximately $290 million
- Louisiana rozel verdict
- $744.6 million (company accrual: $131 million)
- Structural cost savings
- $3 billion annual run-rate achieved six months early (target: $3-4B by end-2026)
- Q3 2026 buyback guidance
- $2.5-3.0 billion
- Dividend per share q2 2026
- 1.78
- Operating cash flow h1 2026
- 25147000000
Price after filing
Close on the filing date to close N calendar days later (from $189.23). Historical, not a forecast.
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