Chevron Reports Lower Q1 Earnings but Higher Production
Chevron reported first-quarter 2026 adjusted earnings of $1.41 per share, down from $2.18 in the same period last year due to unfavorable hedging impacts totaling $2.9 billion. Despite this decline, production increased significantly with a global rise of 15% and U.S. market growth of 24%, driven by operations in the Permian Basin.
Tickers: $CVX
Topics: energy hedging_impact oil_production