Chevron Q3 2026: EPS Beats for the Seventh Straight Quarter

As seen on the 24/7 Wall St. homepage on October 30, 2026.

CVX Chevron

Q3 2026

6:16am ET

EPS

$5.28

est $4.83 +9.4%

Revenue

$65.24B

est $61.65B +5.8%

Free cash flow of $12.0 billion covers the $1.78 quarterly dividend with room to spare, the seventh straight quarter of EPS beats. Refineries ran at nearly 98% utilization as net income nearly tripled from a year ago.

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Chevron's adjusted $5.28 per share beat expectations for a seventh straight quarter, a streak income investors cannot easily replace elsewhere in energy.

U.S. refining drove it: downstream earnings of $3.58 billion against $638 million a year earlier.

Net income nearly tripled to $9.92 billion, with capital spending falling as Permian outlays eased.

Sources

Mentioned: CVX

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Six straight quarterly EPS beats put the pressure on Chevron at 6:15 AM ET, with analysts looking for $4.83 a share. Energy investors get the first real read on third-quarter crude margins hours before ExxonMobil's own numbers.

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PODCAST Mad Money w/ Jim Cramer Jim Cramer · 44 min

Oct 15, 7:21pm ET

Mad Money w/ Jim Cramer 10/15/26

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HOUSE TRADE DISCLOSURE Kevin Hern U.S. Representative (R-OK), House Budget Committee

Oct 13

CVX Chevron Corporation Common Stock (CVX)Partial sell$15K – $50KSep 23
CB Chubb Limited Common Stock (CB)Sell$1K – $15KSep 23
DVN Devon Energy Corporation Common Stock (DVN)Sell$50K – $100KSep 23
DVN Devon Energy Corporation Common Stock (DVN)Partial sell$15K – $50KSep 23
EMR Emerson Electric Company Common Stock (EMR)Partial sell$15K – $50KSep 17
GRADY CNTY OKLA SCH FIN AUH EDL FACS 5.000% MAT 9/1/2033Buy$15K – $50KSep 18
HD Home Depot, Inc. (HD)Sell$1K – $15KSep 23
LIN Linde plc - Ordinary Shares (LIN)Partial sell$15K – $50KSep 17

+ 16 more trades in this filing

Made public 26 days after the earliest trade

Hern sold out of equities across energy, defense, industrials and healthcare in a single September stretch and rotated the proceeds into Oklahoma municipal bonds, a defensive shift rare for a sitting House Budget Committee member. The largest single line, a Devon Energy sale of up to $100,000, lands as Congress fights over banning lawmaker trading entirely.

Polymarket @polymarket

Oct 9, 2:31pm ET

Rig evacuations mean shut-in Gulf barrels, and that lands just as crude has been sliding into the weekend. Chevron investors get the production hit first; refiners and gasoline futures feel it next.

BREAKING: Chevron evacuates offshore drilling rigs in the Gulf of America as Hurricane Isaias barrels toward the Florida Panhandle & Alabama coast.

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HOUSE TRADE DISCLOSURE Maria Elvira Salazar Rep. Maria Elvira Salazar, House

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BRK.B Berkshire Hathaway Inc. New Common Stock (BRK.B)Partial sell$1K – $15KSep 24
BIIB UBS IRA Account Biogen Inc. - Common Stock (BIIB)Partial sell$1K – $15KSep 24
BA UBS IRA Account Boeing Company (BA)Partial sell$1K – $15KSep 24
BEP UBS IRA Account Brookfield Renewable Partners L.P. Limited Partnership Units (BESell$1K – $15KSep 24
CVX UBS IRA Account Chevron Corporation Common Stock (CVX)Buy$1K – $15KSep 2
CB UBS Brokerage Account Chubb Limited Common Stock (CB)Partial sell$1K – $15KSep 24
CSCO Cisco Systems, Inc. - Common Stock (CSCO)Partial sell$1K – $15KSep 8
CSCO UBS IRA Account Cisco Systems, Inc. - Common Stock (CSCO)Sell$15K – $50KSep 24

+ 34 more trades in this filing

Made public 35 days after the earliest trade

A House Foreign Affairs member just unwound much of a portfolio in one sweep: 42 trades across tech, defense, banks and pharma, most of them sales dated September 24, disclosed 35 days later. The largest line is a Snowflake purchase of $15,001 to $50,000 made earlier that month, matched against an equally sized Cisco exit.

PODCAST Mad Money w/ Jim Cramer Jim Cramer · 44 min

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Mad Money w/ Jim Cramer 10/2/26

29,000 September jobs eased rate-hike fears; G7 releasing 100 million barrels capped oil's rally
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PODCAST Mad Money w/ Jim Cramer Jim Cramer · 44 min

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Reddit's most-discussed stocks · Sep 24 Sep 24, 9:35am ET

1MSsplit77 comments · 1.8K upvotes
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QQQheating up fast

AVGOsouring fast

No single obsession today: retail traders are arguing over Morgan Stanley, AMD and SPY, piling on McDonald's with 285 comments of complaints, and warming to Chevron. The quieter tell is the rotation, with QQQ chatter heating up fast while Broadcom talk sours.

Biggest movers · At the close Sep 21, 4:10pm ET

Gainers

ARMArm$323+17.2%
ALABAstera Labs$342.36+12.9%
APPSDigital Turbine$12.02+12.8%
INTCIntel$122.14+12.5%
DOCNDigitalOcean$146.28+12.4%

Losers

NVONovo Nordisk$39.81-7.9%
IOTSamsara$38.08-3.7%
XOMExxon Mobil$158.69-3.0%
CVXChevron$203.95-2.6%
BROSDutch Bros$39.05-2.5%

Arm closed up 17.19% at $323, topping a session where four other priority names each added more than 12%. Declines stayed shallow: Novo Nordisk's 7.94% drop was the only one past 4%, with Exxon Mobil and Chevron down under 3%.