Filing Flows › Chevron (CVX) › Q2 2026 › vs Q1 2026
Chevron (CVX) Q2 2026 vs Q1 2026 (quarter over quarter)
Chevron's revenue rose $21.4B (+44%) from $48.6B in Q1 2026 to $70.1B in Q2 2026. Operating margin 23.8% against 8.1% (+15.7 pts).
Chevron, Q2 2026: revenue $70.1B (+56% year over year), operating margin 23.8%, net earnings $12.1B, operating cash flow $22.6B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 23.8% | 8.1% | +15.7 pts |
| Net margin | 17.2% | 4.5% | +12.7 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $70.1B | $48.6B | $21.4B | +44% |
| Operating profit | $16.7B | $3.9B | $12.7B | +323% |
| Costs & expenses | $53.4B | $44.7B | $8.7B | +20% |
| Pre-tax earnings | $16.7B | $3.9B | $12.7B | +323% |
| Cost of revenue | $36.6B | $28.3B | $8.3B | +30% |
| SG&A | $1.3B | $1.1B | $248M | +23% |
| Other operating costs | $15.4B | $15.3B | $120M | +0.8% |
| Net earnings | $12.1B | $2.2B | $9.9B | +446% |
| Minority interests | $142M | $83.0M | $59.0M | +71% |
| Income tax | $4.5B | $1.7B | $2.8B | +170% |
| Depreciation & amortization | $6.1B | $5.8B | $274M | +5% |
| Working capital & other | $4.5B | −$5.5B | $10.0B | — |
| Operating cash flow | $22.6B | $2.5B | $20.1B | +800% |
Questions
How much did Chevron's revenue grow quarter over quarter in Q2 2026?
Chevron's revenue rose $21.4B (+44%) from $48.6B in Q1 2026 to $70.1B in Q2 2026. Operating margin 23.8% against 8.1% (+15.7 pts).