Chevron Corporation reported second quarter 2026 earnings of $12.1 billion ($6.11 per share diluted), a significant increase from the prior year's $2.5 billion, driven by higher commodity prices and record U.S. production. The company achieved a return on capital employed of 21 percent and generated $22.6 billion in cash flow from operations. Chevron reduced total debt by a record $8.4 billion during the quarter and announced a quarterly dividend of $1.78 per share, payable September 10, 2026, to holders of record as of August 19, 2026. Additionally, the company signed a 20-year power purchase agreement with Microsoft for data center electricity in West Texas and completed asset sales in Southeast Asia. Chevron is an integrated energy company engaged in crude oil and natural gas production, refining, and chemical manufacturing.

R. Hewitt Pate has announced his decision to resign as Chief Legal Officer of Chevron Corporation, effective December 31, 2026, in connection with his expected retirement in June 2027. He will continue to serve as a non-executive senior advisor through his retirement to assist with the transition of his role and responsibilities.

Chevron Corporation held its 2026 Annual Meeting of Stockholders on May 27, 2026, resulting in the election of all board nominees and the approval of executive compensation with 97.0% support. Shareholders also ratified PricewaterhouseCoopers LLP as the independent auditor but rejected three proposals concerning an independent chair and human rights reporting.

Chevron Corporation announced its unaudited first quarter 2026 earnings of $2.2 billion in a news release issued on May 1, 2026. The filing provides the company's results of operations and financial condition for the period.

Chevron Corporation issued preliminary Q1 2026 guidance, projecting timing effects of -$2.7 billion to -$3.7 billion and working capital outflows of $2 billion to $4 billion. The company expects an upstream commodity price benefit of $1.6 billion to $2.2 billion, which is partially offset by an anticipated $350 million to $400 million legal charge in its Downstream segment.

Chevron Corporation amended its bylaws to allow non-employee directors to elect the Chairman, Lead Director, and Vice Chairman. This governance change follows the acquisition of Hess Corporation and ensures that director John Hess can participate in all board activities despite not meeting NYSE independence requirements.