Chevron reports third quarter 2026 results
Executive leadership hosts an earnings call to discuss financial performance and future outlook for the period.
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Multinational energy company
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In short: Chevron beat third-quarter expectations as refining margins rose
Executive leadership hosts an earnings call to discuss financial performance and future outlook for the period.
The team added three feet to the dock, enabling ships to carry fuller loads and unlock 522,000 additional barrels of oil per month.
Chevron exits Hess Midstream to cut Bakken costs by half, expecting a $3-4B loss. The deal closes by year-end 2026.
Gustavson’s appointment and other executive role changes take effect January 1, 2027. He succeeds Eimear Bonner, who will become president of Oil, Products & Gas.
Technology companies such as Intel and Amazon fall sharply at the start of the trading day. Energy and oil companies Exxon Mobil and Chevron rise.
Chevron plans a $7 billion investment to double oil output in Venezuela by 2031. Meanwhile, ExxonMobil CEO Darren Woods urges patience, citing the need for substantial legal and fiscal reforms before committing capital.
Major index declines are driven by weak results from Amazon and Intel, while Exxon Mobil and Chevron exceed expectations.
Chevron CFO Eimear Bonner confirms the West Texas project remains on track for 2028 despite permit suspensions by Governor Greg Abbott.
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