Chevron reported third quarter earnings of 9.9 billion dollars, or 5.06 dollars per diluted share, up from 3.5 billion dollars a year earlier, with adjusted earnings of 10.4 billion dollars and downstream earnings of 4.9 billion dollars against 1.1 billion a year earlier, on record crude throughput at its United States refineries at 98 percent utilization. ExxonMobil reported third quarter earnings of 15.4 billion dollars, or 3.72 dollars per share, with adjusted earnings of 17.5 billion dollars, or 4.23 dollars per share, cash flow from operations of 25.7 billion dollars and what it called record year to date refining operational performance.
Chevron and ExxonMobil post big third quarter profit jumps
Chevron reported third quarter earnings of 9.9 billion dollars and ExxonMobil 15.4 billion dollars, both far above a year earlier, as high refining margins lifted the two largest United States oil companies alongside their European peers.
Why it matters: The results complete a sweep of refining driven profit surges across the oil majors this quarter, with Chevron's downstream earnings more than quadrupling year on year and ExxonMobil reporting record refining performance, as war related refinery damage keeps fuel prices at wide premiums over crude.
Data as of Chevron and ExxonMobil third quarter 2026 results releases filed with the SEC on Form 8-K on October 30, 2026 (accessions 0000093410-26-000196 and 0002115436-26-000018), read in full from the filings in this run; every figure is the companies' own. CNBC is cited only for the expectations comparison on Chevron. Developing item.
Sources
- Chevron Reports Third Quarter 2026 Results, Form 8-K exhibit 99.1, accession 0000093410-26-000196 - Chevron Corporation, via SEC EDGAR - 2026-10-30
- ExxonMobil Announces Third-Quarter 2026 Results, Form 8-K exhibit 99.1, accession 0002115436-26-000018 - ExxonMobil, via SEC EDGAR - 2026-10-30
- Chevron beats earnings expectations as refining profits soar on high diesel fuel prices - CNBC - 2026-10-30