Chevron Corporation
Chevron Provides Guidance on First Quarter 2026 Financial Results
Summary
Chevron Corporation is providing guidance on certain items affecting its first quarter 2026 financial results, including the financial and operational impacts from the heightened commodity price volatility related to the ongoing conflict in the Middle East. The Company expects timing effects to adversely affect first quarter 2026 earnings and cash flow from operations excluding working capital by approximately $2.7 to $3.7 billion. Working capital is expected to result in a net outflow of approximately $2 to $4 billion. Upstream segment earnings are expected to benefit from higher commodity prices by $1.6 to $2.2 billion compared to fourth quarter 2025. Upstream production is expected to be approximately 3.8 to 3.9 million barrels of oil-equivalent per day. Downstream earnings are expected to include a charge of approximately $350 to $400 million related to a litigation reserve associated with ceased operations. First-quarter weighted average shares outstanding were approximately 1.98 billion.
Profitelligence Alerts
Get alerts for CVX
Be first to know when Chevron Corporation files with the SEC.
Filing Categories
Advertisement
About Chevron Corporation
Chevron Corporation is an integrated energy company operating globally in the exploration, production, and transportation of crude oil and natural gas. Its primary function is to harness energy resources, converting them into products essential for modern life. Chevron covers upstream operations such as oil exploration and drilling, and downstream processes including refining, distribution, and marketing of refined petroleum products. Additionally, Chevron invests in renewable energy projects, aiming to create a balanced energy portfolio. As one of the major players in the oil and gas industry, Chevron significantly impacts sectors including manufacturing, transportation, and energy production. Headquartered in San Ramon, California, this multinational corporation plays a pivotal role in meeting global energy demands and contributes to shaping future energy policies.
Official SEC Documents
Advertisement