Chevron Q2 FY26 profit climbs to $12.07 billion; revenue rises to $70.06 billion
CVX•Cash flow, production and refining improve
Cash flow from operations climbed to $22.6 billion; free cash flow rose to $18.1 billion and adjusted free cash flow to $15.4 billion.
ROCE increased to 21.4%; net oil-equivalent production rose 20% year over year to 4,070 MBOED.
U.S. refinery crude unit throughput hit a record 1,070 MBD; total debt fell by a record $8.4 billion during the quarter.
Cost savings and Microsoft power agreement
Chevron captured $3 billion in annual run-rate structural cost savings, and signed a 20-year power purchase agreement with Microsoft for 2.67 GW in West Texas.
Chevron reports higher quarterly profit and revenue
Chevron posted 2Q 2026 earnings of $12.07 billion, or $6.11 per diluted share; adjusted earnings were $11.98 billion.
Revenue rose to .
