The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Chevron's fortress balance sheet, with debt-to-equity falling to 0.17 and debt of $33.5B against $194.3B in equity, provides substantial financial flexibility despite revenue contracting 4.6% year-over-year to $65.2B in 2026Q3.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Gross margin held near 44.0% in 2026Q3 and operating margin was 17.4%, yet revenue of $65.2B fell from $67.2B the prior quarter, suggesting cost discipline is partially offsetting weakening commodity realizations.
If oil prices remain above $90 per barrel, Chevron's earnings trajectory would significantly improve, with Goldman Sachs predicting $100 oil through the end of 2026.
Chevron is expected to achieve about 7-10% production growth in FY 2026, driven by key projects like the Guyana Stabroek block.
Chevron targets $3-4 billion in cost reductions by the end of 2026, enhancing its operational strength.
A significant drop in oil and gas prices would directly impact Chevron's profitability, as prices are subject to global dynamics.
Political instability in regions like the Middle East or Venezuela could disrupt Chevron's operations and production.
Potential operational disruptions and environmental issues could hinder Chevron's growth and project execution.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 30, 2026 | $5.28+8.4% vs $4.87 | $67.8B+9.7% vs $61.8B |
Q3 2026 Jul 31, 2026 | $6.06+9.2% vs $5.55 | $70.1B+11.7% vs $62.7B |
Q2 2026 May 1, 2026 | $1.41+41.0% vs $1.00 | $48.6B-6.3% vs $51.9B |
Q1 2026 Jan 30, 2026 | $1.52+7.8% vs $1.41 | $46.9B+0.2% vs $46.8B |
The headline numbers for Chevron (CVX) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

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Benchmark CVX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Chevron Corporation (CVX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $212.61 | $423.43B | 32.07 | -4.64% | 6.67% | 7.12% | 3.23% | |
| $165.87 | $687.53B | 24.76 | -4.52% | 10.46% | 15.24% | 2.41% | |
| $44.53 | $116.6B | 2182.84 | 0.08% | 3.79% | 11.75% | 4.29% | |
| $99.09 | $276.27B | 16.52 | -6.13% | 10.18% | 17.89% | 2.87% | |
| $87.82 | $195.58B | 15.19 | -6.78% | 10.46% | 17.56% | 4.35% | |
| $136.27 | $166.02B | 21.46 | 7.51% | 14.87% | 14.32% | 2.34% |
Chevron Corporation (CVX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Chevron Corporation (CVX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 30, 2026·SEC
Oct 6, 2026·SEC
Oct 5, 2026·SEC
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Chevron Corporation (CVX) stock FAQ — growth, dividends, profitability & financials explained
Chevron Corporation (CVX) reported $225.78B in revenue over the trailing twelve months. Revenue was $184.43B in fiscal year 2025. That is 320% more than the $43.89B of fiscal year 1996.
Chevron Corporation (CVX) revenue fell by 4.6% in fiscal year 2025, compared with the prior fiscal year.
Yes. Chevron Corporation (CVX) earned $26.98B in net income over the trailing twelve months (a 11.9% net margin).
Yes. Chevron Corporation (CVX) pays a dividend that yields 3.23% at the current price, a moderate yield.
Chevron Corporation (CVX) had a return on equity (ROE) of 7.1% in fiscal year 2025. That is below the market's typical 10-15%.
Chevron Corporation (CVX) generated $33.96B in free cash flow over the trailing twelve months.