Filing Flows › Chevron (CVX) › Q3 2026 › vs Q2 2026
Chevron (CVX) Q3 2026 vs Q2 2026 (quarter over quarter)
Chevron's revenue fell $2.3B (-3%) from $70.1B in Q2 2026 to $67.8B in Q3 2026. Operating margin 20.1% against 23.8% (-3.7 pts).
Chevron, Q3 2026: revenue $67.8B (+36% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $16.0B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 20.1% | 23.8% | -3.7 pts |
| Net margin | 14.6% | 17.2% | -2.6 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $67.8B | $70.1B | −$2.3B | -3% |
| Operating profit | $13.6B | $16.7B | −$3.1B | -18% |
| Costs & expenses | $54.2B | $53.4B | $802M | +2% |
| Pre-tax earnings | $13.6B | $16.7B | −$3.1B | -18% |
| Cost of revenue | $36.5B | $36.6B | −$73.0M | -0.2% |
| SG&A | $1.2B | $1.3B | −$87.0M | -7% |
| Other operating costs | $16.4B | $15.4B | $962M | +6% |
| Net earnings | $9.9B | $12.1B | −$2.1B | -18% |
| Minority interests | $124M | $142M | −$18.0M | -13% |
| Income tax | $3.6B | $4.5B | −$893M | -20% |
| Depreciation & amortization | $6.3B | $6.1B | $190M | +3% |
| Working capital & other | $182M | −$4.5B | $4.7B | — |
| Operating cash flow | $16.0B | $22.6B | −$6.6B | -29% |
Questions
How much did Chevron's revenue grow quarter over quarter in Q3 2026?
Chevron's revenue fell $2.3B (-3%) from $70.1B in Q2 2026 to $67.8B in Q3 2026. Operating margin 20.1% against 23.8% (-3.7 pts).