CVX · News · 20261102N
Operating Margin Drivers
CHEVRON CORP · 2026-11-02 · Importance 60 · Surprise 56 · No source text
Chevron’s Q3 2026 operating margin was 20.5%, compared with 11.6% in Q3 2025. The year-over-year increase was 8.9 percentage points. The same report cited record refining throughput and 36.3% year-over-year sales growth in the quarter.
Key facts
- Chevron’s operating margin was 20.5%, up from 11.6% in the same quarter last year. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| margin | positive | realized | +8.9% | Chevron’s operating margin was 20.5%, up from 11.6% in the same quarter last year. |