Released
FY2026 Q1
Earnings ReviewCVX
BEAT셰브런
Chevron Corporation · 에너지 (오일&가스 통합 메이저)
Fri, May 1, 2026·Before Market Open
ChevronOil & GasHess integrationPermianTCOEnergy
01Wall Street Consensus
EPS$1.17
Revenue$52.1B
02Earnings Results
EPS$1.41+20.5%
Revenue$48.61B-6.7%
After-Hours ReactionRegular -1.97%
Key Takeaways
- Adj. EPS $1.41 — beat consensus $1.17 by +20.5%
- GAAP EPS $1.11 — down from $2.00 (-45% YoY)
- Revenue $48.61B — missed consensus $52.1B by -6.7%, +2% YoY vs $47.6B
- Net income $2.2B — down 36% YoY from $3.5B
- Net oil-equivalent production 3.86 MMboe/d — +15% YoY on Hess
- Permian + TCO ramp + Guyana support upstream strength
- Refining margin pressure persists in downstream
- Continued dividend and buyback program
Key Checkpoints
- 01Hess integration — first full-quarter contribution
- 02Net oil-equivalent daily production +15% YoY expected
- 03TCO (Tengiz expansion) ramp adding downstream supply
- 04Refining margin pressure vs upstream price recovery
- 05Capital return: dividend + buyback pace
Upside Catalysts
- Hess assets driving +15% YoY production growth
- TCO expansion ramp — incremental Tengiz supply in Kazakhstan
- Permian efficiency + Guyana additional stake
Risk Factors
- Refining margin pressure — uncertain whether upstream beat offsets downstream weakness
- Oil price volatility — Brent/WTI swings widened in April
- Hess integration synergy timing
Detail
SEPS 서프라이즈 히스토리
Beat1Miss0Beat률 100%
분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출
컨센서스 대비 실제 EPS/매출 서프라이즈 (%)