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Chevron Exceeds Forecasts on Oil Prices, Swollen Fuel-Making Returns

Bloomberg Markets Friday 30 October 2026, 10:15 UTC By Kevin Crowley 1 min read
Key Points

Chevron Exceeds Forecasts on Oil Prices, Swollen Fuel-Making Returns Chevron Corp. surpassed analysts’ estimates as high oil prices combined with record US refining margins to lift earnings to the fourth highest in company history. Adjusted, third-quarter net income of $5.28 a share was 35 cents higher than the average analyst estimate, the Houston-based company said in a statement Friday. Although Chevron scaled back share repurchases to $2.5 billion, they remained with the full-year...

Chevron Exceeds Forecasts on Oil Prices, Swollen Fuel-Making Returns Chevron Corp. surpassed analysts’ estimates as high oil prices combined with record US refining margins to lift earnings to the fourth highest in company history. Adjusted, third-quarter net income of $5.28 a share was 35 cents higher than the average analyst estimate, the Houston-based company said in a statement Friday. Although Chevron scaled back share repurchases to $2.5 billion, they remained with the full-year guidance range.
Chevron Corp. (ORG) US (LOCATION) Houston (LOCATION) Chevron (ORG)
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