Companies /Energy
Chevron Corp
NYSE: CVX Oil & Gas Integrated
$227.84
▼ $7.68 (−3.26%) today
Markets closed · 5:27pm ET

Chevron (CVX) Earnings History & Trends

EPS and revenue vs. Street estimates · SEC filings
91%
EPS beat rate
+7.33%
Avg. EPS surprise
Consecutive EPS beats
CVX vs Market · 30-day return after each reportCVXS&P 500
−4%0%+4%+3.4%+6.4%Q3 24−0.8%+5.2%Q1 25+4.4%+3.5%Q2 25−3.9%+0.3%Q3 25+5.2%−1.0%Q4 25−0.5%+4.7%Q1 26+7.2%+2.0%Q2 26
−4%0%+4%Q3 24Q2 25Q4 25Q2 26
CVX EPS Trend · estimate vs actualEstimateActual
$0$2$4$6$2.43$2.51Q3 24$2.15$2.18Q1 25$1.75$1.77Q2 25$1.71$1.85Q3 25$1.44$1.52Q4 25$0.97$1.41Q1 26$5.57$6.06Q2 26$4.83$5.28Q3 26
$0$2$4$6Q3 24Q2 25Q4 25Q2 26
CVX Revenue Trend · estimate vs actualEstimateActual
$0$20.0B$40.0B$60.0B$49.0B$50.7BQ3 24$48.4B$47.6BQ1 25$45.1B$44.8BQ2 25$47.4B$49.7BQ3 25$46.7B$46.9BQ4 25$52.7B$48.6BQ1 26$60.4B$70.1BQ2 26$61.6B$65.2BQ3 26
$0$20.0B$40.0B$60.0BQ3 24Q2 25Q4 25Q2 26

How Often Does Chevron Beat Earnings Estimates?

Chevron beat EPS estimates in 8 of its last 8 reported quarters, and has beaten 9 quarters in a row.

CVX quarterly earnings per share and revenue versus Street estimates
Quarter EPS · est. Surprise Revenue · est. Surprise
Q3 2026 GAAP diluted EPS of $5.06 includes a legal reserve of $160 million, an impairment of $110 million, pension settlement costs of $24 million, and foreign currency effects that decreased earnings by $143 million; adjusted EPS of $5.28 excludes these items. $5.28 est. $4.83 +9.41% $65.2B est. $61.6B +5.82%
Q2 2026 Adjusted EPS excludes a $230 million asset sale gain, $86 million of pension settlement costs, and foreign currency effects that decreased earnings by $49 million. Reported earnings also include $1.4 billion in favorable timing effects, which are not excluded from adjusted earnings. $6.06 est. $5.57 +8.84% $70.1B est. $60.4B +16.02%
Q1 2026 Adjusted EPS excludes a $360 million after-tax legal reserve loss (U.S. Downstream) and $223 million of unfavorable foreign currency effects; reported diluted EPS was $1.11. Results (both reported and adjusted) also reflect approximately $2.9 billion of unfavorable timing effects from derivative mark-to-market and LIFO inventory accounting. $1.41 est. $0.97 +45.56% $48.6B est. $52.7B −7.76%
Q4 2025 $1.52 est. $1.44 +5.20% $46.9B est. $46.7B +0.46%
Q3 2025 Adjusted EPS excludes a net special-items loss of $235 million after-tax (Hess severance and transaction costs of $245 million in U.S. upstream, $70 million Hess transaction costs in international upstream, $40 million pension curtailment costs, $40 million other Hess transaction costs, partly offset by a $160 million fair value gain on Hess common stock) and $147 million of favorable foreign currency effects; GAAP diluted EPS was $1.82. $1.85 est. $1.71 +8.43% $49.7B est. $47.4B +4.87%
Q2 2025 Adjusted EPS excludes a net special-item loss of $215 million: a $275 million after-tax fair value adjustment loss on Hess common stock and $55 million of pension costs, partly offset by a $115 million after-tax gain on the sale of non-operated U.S. pipeline assets. It also excludes $348 million of unfavorable foreign currency effects. GAAP diluted EPS was $1.45. $1.77 est. $1.75 +1.22% $44.8B est. $45.1B −0.71%
Q1 2025 Adjusted EPS excludes net special items of $175 million after-tax: legal reserves of $130 million (U.S. Upstream) and $170 million (U.S. Downstream), a $55 million tax charge from UK energy profits levy changes, and a $180 million favorable fair value adjustment of Hess common stock. It also excludes foreign currency effects of -$138 million. GAAP diluted EPS was $2.00. $2.18 est. $2.15 +1.31% $47.6B est. $48.4B −1.62%
Q3 2024 Adjusted EPS excludes foreign currency effects that decreased earnings by $44 million; no special items in 3Q 2024. GAAP diluted EPS was $2.48. $2.51 est. $2.43 +3.29% $50.7B est. $49.0B +3.44%
Q1 2024 $2.93 est. $2.87 +2.09% $48.7B est. $50.7B −3.84%
Q3 2023 $3.05 est. $3.33 −8.41% $54.1B est. $47.8B +13.16%
Q2 2023 $3.08 est. $2.97 +3.70% $48.9B est. $46.9B +4.23%

Figures from SEC filings and company reports. Not investment advice.