𝐂𝐡𝐞𝐯𝐫𝐨𝐧 𝐐𝟑 𝟐𝟎𝟐𝟔: 𝐄𝐚𝐫𝐧𝐢𝐧𝐠𝐬 𝐒𝐮𝐫𝐠𝐞 𝟏𝟖𝟎%, 𝐅𝐫𝐞𝐞 𝐂𝐚𝐬𝐡 𝐅𝐥𝐨𝐰 𝐌𝐨𝐫𝐞 𝐓𝐡𝐚𝐧 𝐃𝐨𝐮𝐛𝐥𝐞𝐬, 𝐃𝐞𝐛𝐭 𝐑

$CVX (+1,29 %)

⠀

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• GAAP EPS: $5.06 vs. $1.82 YoY

• Adjusted EPS: $5.28 vs. $1.85 YoY

• GAAP Net Income: $9.92B vs. $3.54B YoY (+180%)

• Adjusted Earnings: $10.36B vs. $3.63B YoY

• Operating Cash Flow: $16.0B vs. $9.4B YoY

• Free Cash Flow: $12.0B vs. $4.9B YoY

• Adjusted Free Cash Flow: $14.2B vs. $7.0B YoY

• Return on Capital Employed: 17.7% vs. 7.6% YoY

⠀

📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• Upstream earnings: $5.70B vs. $3.30B YoY

• Downstream earnings: $4.93B vs. $1.14B YoY

• Global oil-equivalent production: 3.98M barrels/day vs. 4.09M YoY

• U.S. production exceeded 2M barrels/day for the fifth consecutive quarter

• U.S. refineries achieved record crude throughput of 1.09M barrels/day at nearly 98% utilization

• Brent crude averaged $97/barrel vs. $69 YoY

• Total debt reduced by $3.5B and net debt by $7.8B during Q3

• Venezuela JVs plan $7B in investments over five years, targeting more than double production

• Bakken agreements expected to reduce midstream costs by ~50%

• Quarterly dividend: $1.78/share, payable December 10

⠀

💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“We’re reinvesting to bring more energy to a supply-constrained market.” — CEO Mike Wirth