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Chevron Reports Q3 Revenue of $67.8 Billion
Reports Q3 revenue $67.8B, consensus $62.01B. "We delivered strong operational performance and disciplined execution, while continuing to invest to grow energy supply," said Mike Wirth, Chevron's chairman and chief executive officer. In the United States, for third quarter 2026, upstream production exceeded 2 million barrels of oil equivalent per day for the fifth consecutive quarter, the company's refineries achieved record crude throughput, and new production records were achieved for assets in the Eastern Mediterranean, and Australia."
Record Crude Throughput at U.S. Refineries; Utilization at 98%
Record crude throughput at U.S. refineries; crude utilization at 98%; Expanded acreage in Venezuela and enhancing Bakken competitiveness.
Chevron Reports Q3 Operating Cash Flow of $16B
Chevron reports Q3 cash flow from operations $16B; free cash flow $12B
Chevron Plans to Invest $7 Billion in Venezuela
"We're reinvesting to bring more energy to a supply-constrained market," Wirth continued. In Venezuela, Chevron's joint ventures plan to invest $7 billion over the next five years, with the goal of unlocking low-cost, high-return, long-duration production growth. Also, in the United States, the company signed agreements to reduce Bakken midstream costs by approximately 50 percent, strengthening the asset's competitiveness. "Building on our performance this quarter, we're focused on delivering the reliable energy the world needs today, while positioning Chevron for the future," CEO Wirth concluded.
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