Chevron Reports Second Quarter 2026 Earnings of $12.1 Billion, Record U.S. Production

Chevron Corporation (NYSE: CVX) reported earnings of $12.1 billion, or $6.11 per diluted share, for the second quarter of 2026. The company achieved a 21 percent return on capital employed and saw record U.S. production, with worldwide production increasing 20 percent from the previous year. U.S. refineries also recorded a record crude unit throughput at 97 percent utilization. Additionally, Chevron signed a 20-year power agreement with Microsoft for a West Texas data center.