Filing Flows › Chevron (CVX) › Q2 2026
Chevron (CVX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Chevron (CVX) reported revenue of $70.1B for the second quarter 2026 (Q2 2026), +56% from a year earlier and +44% from the quarter before. Operating margin was 23.8%, net earnings $12.1B (17.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $70.1B | +44% | +56% |
| Operating profit | $16.7B | +323% | +302% |
| Net earnings | $12.1B | +446% | +385% |
| Operating cash flow | $22.6B | +800% | +164% |
| Free cash flow | $18.1B | — | +272% |
What changed
Revenue was $70.1B in Q2 2026, up 56% year over year and up 44% from the previous quarter.
Operating profit was $16.7B, a 23.8% margin (up 14.6 points year over year). Of the extra revenue versus Q2 2025, 50% reached operating profit, above the 9% margin then. Total costs grew 31% against revenue growth of 56%. The fastest-growing cost line was SG&A (+48%). Net earnings were $12.1B, up 385% year over year. The effective tax rate was 26.8%.
Operating cash flow was $22.6B (up 164% year over year), 185% of net earnings. Non-cash charges added back $6.1B of depreciation and amortization. Working capital and other items added $4.3B. After capital expenditures ($4.5B), free cash flow as the company reports it was $18.1B.
Questions
What was Chevron's revenue in the second quarter 2026?
Chevron (CVX) reported revenue of $70.1B for the second quarter 2026 (Q2 2026), +56% from a year earlier and +44% from the quarter before.
Was Chevron profitable in the second quarter 2026?
Operating profit was $16.7B (23.8% of revenue) and net earnings $12.1B.
Source: Chevron 10-Q on SEC EDGAR.