Chevron Q1 2026 adjusted EPS $1.41 after $360 million legal loss; output up 15%
Chevron reported first-quarter 2026 earnings of $2.21 billion, or $1.11 per diluted share, and adjusted earnings of $2.8 billion, or $1.41 per diluted share. A net legal reserve loss of $360 million weighed on the quarter, and Downstream posted a $817 million loss. Worldwide output rose 15% and US output 24%, and the company returned $6.0 billion to shareholders, its 16th straight quarter above $5 billion.
- Net income attributable to Chevron: $2,210 million; GAAP EPS $1.11, adjusted $1.41
- Upstream earnings $3,909 million; Downstream $(817) million
- Net production: 3,858 MBOED worldwide (up 15%); US 2,024 MBOED (up 24%)
- Shareholder returns: $6.0 billion ($2.5 billion buybacks, $3.5 billion dividends)
- Quarterly dividend declared at $1.78 per share
Source
Chevron Q1 2026 earnings release (SEC Exhibit 99.1)May 1, 2026, 6:15 AM ET
SEC filing 8-K · accession 0000093410-26-000110 · sec.gov ↗