
Chevron reported 1Q 2026 earnings of $2.2 billion ($1.11 per share diluted) and adjusted earnings of $2.8 billion ($1.41 per share diluted). Chevron's worldwide production increased 15 percent, and U.S. production rose 24 percent.
Bullish
Chevron achieved solid 1Q 2026 performance with increased worldwide and U.S. production, driven by the Hess acquisition. Chevron returned $6.0 billion to shareholders and expanded its strategic exploration portfolio.
Bearish
Chevron's reported earnings and cash flow from operations decreased in 1Q 2026 due to timing effects and working capital outflows. International downstream operations recorded a loss, and Chevron monitors an unpredictable external environment.