CVX · 10-Q · 2026Q3 · Full report

Revenue Performance and Mix

CHEVRON CORP · 2026-11-05 · Importance 64 · Surprise 56

Sales and other operating revenues were $65.2 billion in third quarter 2026, up $17.1 billion, or 35%, from $48.2 billion in third quarter 2025, mainly because refined-product and crude-oil prices were higher despite lower crude sales volumes. Nine-month revenue rose $41.3 billion, or 30%, to $180.0 billion from $138.6 billion, primarily due to higher refined-product and crude-oil prices.

Key facts

• Most equity LNG offtake from Chevron’s operated Australian LNG assets is committed under binding long-term contracts, with some sold in the Asian spot LNG market. source
• Chevron sales and other operating revenues increased $17.1 billion in Q3 2026, mainly due to higher refined-product and crude-oil prices, partly offset by lower crude sales volumes. source
• Chevron sales and other operating revenues increased $41.3 billion for the first nine months of 2026, primarily due to higher refined-product and crude-oil prices. source
• Chevron’s income from equity affiliates increased in Q3 and the first nine months of 2026, mainly due to higher upstream earnings from TCO and Petropiar after September 1, 2026 equity accounting and higher refining margins at GS Caltex and chemicals margins at CPChem. source
• U.S. refined-product sales fell 28,000 barrels per day, or 2 percent, in the first nine months of 2026 year over year. source