Chevron Corporation · CVX · Next earnings

Chevron Corporation reports Friday, Oct 30, 2026

CVX reports before market open with consensus EPS at $4.77 and revenue at $57.70B. Last quarter: Chevron Q1 2026: EPS Beats on Hess Synergies as Revenue Falls Short

Reports Before market open40 days awayDate estimated Energy

What the street expects

Consensus for the coming report
Consensus EPS $4.77 Calendar consensus
Consensus revenue $57.70B Calendar consensus
Report date Oct 30, 2026 Friday, date estimated
Session Before market open 40 days away

Where CVX left off: FY2026 Q1

Full report

Chevron Q1 2026: EPS Beats on Hess Synergies as Revenue Falls Short

EPS surprise +41.0% Reported $1.41 vs $1.00
Revenue surprise -6.3% Reported $48.61B vs $51.86B
Stock move -1.4% Event window
Subsequent drift -2.5% Up to 20 sessions

Full-year guidance was maintained with no changes to capex targets ($3.9 billion organic, $0.2 billion inorganic) or the $3-4 billion cost-reduction run-rate goal. Guidance sentiment remained 'maintained,' consistent with the prior quarter.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Geopolitical volatility and Middle East conflict affecting commodity prices and supply chains.
  • Large timing effects and derivatives exposure leading to quarterly earnings volatility.
  • Uncertainty over Venezuelan fiscal terms, tax and royalty regimes, and debt recovery.
  • Potential adverse policy actions such as price caps or export bans.
  • Supply-chain constraints and operational risks at high-utilization refineries.

Questions analysts left open

  • Impact of Middle East conflict on mid-cycle Brent pricing assumptions
  • Quantification of margin-capture benefits from higher equity-crude utilization
  • Potential for additional capital deployment in Venezuela and the Permian
  • Extent and timing of the $3 billion timing effects and derivative unwind
  • Progress on the Microsoft power project and related FID timing

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Recent CVX quarters

All CVX earnings
-1.4%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.