CVX · 10-Q · 2026Q3 · Full report

Capital Expenditures

CHEVRON CORP · 2026-11-05 · Importance 49 · Surprise 32

Chevron’s capital expenditures for the first nine months of 2026 were $12.612 billion, up $529 million from the prior-year period, primarily because of spending associated with legacy Hess assets, partly offset by lower Permian Basin spending. United States Upstream capex was $6.046 billion, down from $7.209 billion year over year. International Upstream capex increased to $5.632 billion from $3.967 billion, approximately 42%.

Key facts

• Chevron capital expenditures totaled $12.6 billion in the first nine months of 2026, versus $12.1 billion in the year-ago period. source
• Chevron’s capital expenditures for the nine months ended September 30, 2026, were $12.612 billion, compared with $12.083 billion in the prior-year period. source
• Chevron’s capital expenditures for the first nine months of 2026 were $529 million higher than the prior-year period, primarily due to spending associated with legacy Hess assets, partly offset by lower spending in the Permian Basin. source
• Chevron’s affiliate capital expenditures for the first nine months of 2026 were $441 million lower than the prior-year period, primarily due to lower spending at CPChem and TCO. source