Chevron Q3 2026: EPS $5.06 beats $4.93 consensus, free cash flow $12.00 billion
Chevron beat on the headline and beat harder on cash: third-quarter 2026 earnings were $9.92 billion, or $5.06 a share, against a $4.93 consensus, and free cash flow reached $12.00 billion. Read the numbers in that order — earnings rode high crude realizations and record refining runs, while the balance sheet did the quiet work, with total debt down another $3.50 billion in three months.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $5.06 came in 2.6% above the $4.93 consensus, and adjusted EPS was $5.28 after stripping out $294 million of special items and $143 million of unfavorable currency effects. A year ago the same quarter earned $1.82 a share. Note that $1.58 billion of timing effects worked against reported earnings this quarter, so cash generation ran ahead of the EPS line.
Sales and other operating revenues were $65.24 billion, up 35.4% from $48.17 billion a year earlier but 2.9% below the $67.20 billion booked in the second quarter. The year-over-year jump is mostly price: average Brent was $97 a barrel versus $69 a year ago. The sequential dip lines up with Brent easing from $104 to $97.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-06
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