Chevron Corporation (CVX) Earnings Call Summary — June 2026 quarter
Chevron is a US oil and gas giant that explores, drills, refines and sells fuel around the world.
Chevron Corporation (CVX) reported its June 2026 quarter results on July 31, 2026. Earnings per share came in at $6.06 against a $5.55 consensus, so the company beat on the bottom line. Revenue of $70.06B landed above the $62.72B estimate. CVX has beaten consensus EPS in 7 of its last 8 scored quarters. Highlights from management's remarks on the call are below.
Key highlights from the call
Operator: “Welcome to Chevron's Second Quarter 2026 Earnings Conference Call.”
Chairman and CEO: “Global upstream production grew more than 5% quarter-over-quarter, underpinned by exceptional reliability across key assets.”
President, New Energy: “is undergoing a structural shift in electricity demand as AI accelerates, and reliable power is becoming the critical constraint.”
Chief Financial Officer: “For the second quarter, Chevron reported earnings of $12.1 billion or $6.11 per share.”
Head of Investor Relations: “Additional guidance can be found in the appendix to this presentation as well as on the slides and other information posted on chevron.com.”