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Chevron (CVX) Reports Q3 Earnings: What Key Metrics Have to Say
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Chevron (CVX - Free Report) reported $67.8 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 36.3%. EPS of $5.28 for the same period compares to $1.85 a year ago.
The reported revenue represents a surprise of +12.09% over the Zacks Consensus Estimate of $60.49 billion. With the consensus EPS estimate being $4.78, the EPS surprise was +10.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chevron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Upstream - U.S. Upstream - Net Oil-Equivalent Production: 2043 millions of barrels of oil equivalent compared to the 2053.31 millions of barrels of oil equivalent average estimate based on four analysts.
Net Oil-Equivalent Production: 3980 millions of barrels of oil equivalent versus the four-analyst average estimate of 3959.91 millions of barrels of oil equivalent.
Upstream - International Upstream - Net Oil-Equivalent Production: 1937 millions of barrels of oil equivalent versus the four-analyst average estimate of 1906.6 millions of barrels of oil equivalent.
Upstream - U.S. Upstream - Natural Gas Production: 3,522.00 Mcf/D versus 3,446.21 Mcf/D estimated by three analysts on average.
Upstream - International Upstream - Natural Gas Production: 5,563.00 Mcf/D versus the three-analyst average estimate of 5,402.20 Mcf/D.
Upstream - Worldwide (U.S. & International Upstream) - Liquids Production: 2466 millions of barrels of oil compared to the 2488.48 millions of barrels of oil average estimate based on three analysts.
Upstream - Worldwide (U.S. & International Upstream) - Natural Gas Production: 9,085.00 Mcf/D versus the three-analyst average estimate of 8,848.42 Mcf/D.
Upstream - U.S. Upstream - Liquids Production: 1456 millions of barrels of oil versus the three-analyst average estimate of 1477.38 millions of barrels of oil.
Upstream - International Upstream - Liquids Production: 1010 millions of barrels of oil compared to the 1011.1 millions of barrels of oil average estimate based on three analysts.
Revenues and Other Income- Other income (loss): $464 million versus the three-analyst average estimate of $344.58 million. The reported number represents a year-over-year change of -19.4%.
Revenues and Other Income- Income (loss) from equity affiliates: $2.1 billion versus the three-analyst average estimate of $1.32 billion. The reported number represents a year-over-year change of +113.8%.
Revenues and Other Income- Sales and other operating revenues: $65.24 billion compared to the $61.86 billion average estimate based on three analysts. The reported number represents a change of +35.4% year over year.
Shares of Chevron have returned +11.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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Chevron (CVX) Reports Q3 Earnings: What Key Metrics Have to Say
Chevron (CVX - Free Report) reported $67.8 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 36.3%. EPS of $5.28 for the same period compares to $1.85 a year ago.
The reported revenue represents a surprise of +12.09% over the Zacks Consensus Estimate of $60.49 billion. With the consensus EPS estimate being $4.78, the EPS surprise was +10.46%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Chevron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Chevron here>>>
Shares of Chevron have returned +11.8% over the past month versus the Zacks S&P 500 composite's +0.7% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.