Chevron exceeded third-quarter 2026 earnings expectations, driven by a significant surge in refining profits following global diesel price increases. The company reported net earnings of $9.9 billion, or $5.06 per share, while adjusted earnings reached $10.4 billion. These results were influenced by refinery attacks in Russia and the Middle East that impacted global markets. The financial report also accounted for a $160 million legal reserve and $24 million in pension settlement costs.
Second-quarter results show strength in refining and production, with downstream earnings of $4.9 billion versus $737 million a year earlier, while international refinery activity declined.
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