Chevron Corp

Company facts

Industry

Petroleum Refining

Headquarters

Houston, Texas

Most recent report

10-Q, filed Aug 6, 2026

Incorporated

Delaware

Filings on record

1,003+ filings

On EDGAR

CIK 93410

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 5 positive, 3 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Core financials with massive profit surge; litigation accrual; detailed segment data.
  Notable

  • Dividend increased to $1.78/share Q2 2026 from $1.71 Q2 2025.
  • Hess acquisition completed July 2025: $48B purchase price, $8.8B debt assumed.
  Negative

  • Accrued $131M for Louisiana Rozel verdict; appeal ongoing, outcome uncertain.

• Management's Discussion (Item 2)

  Full of company-specific numbers and events; essential for understanding results.
  Positive

  • Upstream earnings $8,182M Q2 vs $2,727M, driven by higher realizations and volumes.
  • Downstream earnings $4,868M Q2 vs $737M, driven by higher margins on refined product sales.
  • Achieved structural cost reduction target six months early, capturing $3B in annual run-rate savings.
  • US upstream production record: net oil-equivalent up 23% to 2,077 MBOED in Q2 2026.
  • Total debt and finance lease liabilities down to $37.1B at June 30, 2026 from $40.8B at Dec 31, 2025.
  Notable

  • Timing effects swung from -$2.9B in Q1 to +$1.5B in Q2 2026 due to commodity price decline in June.
  Negative

  • Litigation reserve of $190M recorded in U.S. downstream for 1H 2026.
  • International downstream crude inputs down 10% in Q2 due to supply disruptions from Middle East conflict.

What changed: Jun 2026 vs. Mar 2026

About 11% of CVX's Jun 2026 10-Q is new information. 29 paragraphs were added, 139 changed, and 38 removed. Below are the most important lines SECSift identified.

• Item 2 78
• Item 1 38
• Item 4 2
• Item 1A 1
• Item 5 1