Chevron Corporation reports news across its integrated energy operations, including crude oil and natural gas production, refining, transportation fuels, lubricants, petrochemicals, additives, and energy technologies. Company updates commonly cover quarterly earnings, cash flow, shareholder returns, upstream production volumes, downstream refining throughput, commodity-price effects, legal reserves, and operating conditions across its global asset base.
Chevron news also reflects governance and capital-structure topics, material agreements, and strategy around growing oil and gas, lowering the carbon intensity of operations, and developing new energies businesses.
Texas Pacific Land (NYSE: TPL) reported third-quarter 2026 revenue of $273.4 million, with higher royalty income helping lift earnings sequentially. Net income reached $167.4 million, or $2.42 per diluted share, versus $153.9 million, or $2.23 per diluted share, in the second quarter. Revenue increased from $246.1 million.
Oil and gas royalty revenue reached $167.3 million, with production of 42.3 thousand barrels of oil equivalent per day. Produced water royalties rose to $41.4 million, while water sales fell to $28.4 million. Operating expenses increased to $65.6 million from $54.2 million. Nine-month net income rose to $464.2 million from $358.0 million a year earlier. TPL completed construction and began commissioning its Phase 2B desalination facility, with anticipated capacity of 10,000 inlet barrels per day, and agreed to supply land and brackish water for Chevron’s Project Kilby.
Chevron (CVX) has named Siva Barnwell Adams corporate secretary and chief governance officer, effective January 1, 2027. She will advise the board and senior management on corporate governance, manage the Corporate Governance Department and serve on the Law Function Executive Committee.
Barnwell Adams, currently deputy corporate secretary, succeeds Mary A. Francis, who will retire in May 2027 after 25 years with Chevron. Francis will become senior advisor to incoming Chief Legal Officer Scott A. Keller on January 1, 2027.
Chevron (NYSE: CVX) reported third-quarter 2026 earnings of $9.9 billion, exceeding the year-earlier result but falling from the second quarter. Diluted earnings per share were $5.06, versus $1.82 a year earlier and $6.11 in the preceding quarter. Operating cash flow was $16.0 billion, compared with $9.4 billion and $22.6 billion, respectively.
Worldwide production fell to 3.980 million barrels of oil equivalent per day from 4.086 million a year earlier. U.S. refinery crude throughput reached a record, with utilization nearly 98 percent. Chevron’s Venezuela joint ventures plan to invest $7 billion over five years; expanded acreage and improved commercial terms support potential production growth. Signed Bakken agreements target an approximately 50 percent reduction in midstream costs. Chevron declared a $1.78 quarterly dividend payable December 10, 2026.
Chevron (CVX) signed definitive agreements with Hess Midstream (HESM) to divest ownership interests and DJ Basin crude oil midstream assets. Chevron will transfer its Hess Midstream ownership interests and general partner position for improved commercial terms and $200 million in cash. The agreements extend Bakken contracts and establish new DJ Basin contracts.
Chevron expects approximately 50% lower Bakken unit midstream costs, full deconsolidation of Hess Midstream, including approximately $3.7 billion of its debt, and a 0.5% absolute increase in return on capital employed. At closing, an estimated approximately $3–$4 billion after-tax loss is expected because future Bakken cost savings cannot be recognized as an asset. The independent Conflicts Committee approved the transaction. Closing is expected by year-end 2026, subject to regulatory approvals and customary conditions.
Chevron (CVX) announced senior leadership changes effective January 1, 2027, including the appointment of a new chief financial officer.
Jeff Gustavson moves from president of New Energies to CFO. Current CFO Eimear Bonner becomes president of Oil, Products & Gas. Mark Nelson remains vice chairman, with responsibility for Strategy and Business Development. Brent Gros moves from president of Offshore to president of New Energies and will also oversee Chevron’s AI strategy.
Chevron (NYSE: CVX) will hold its third-quarter 2026 earnings conference call on October 30, 2026, at 11:00 a.m. ET.
Speakers include Mike Wirth, Mark Nelson, Eimear Bonner and Jeanine Wai. The live webcast will be accessible at www.chevron.com, with a replay available in the website’s Investors section.
Chevron (CVX) announced new agreements with Venezuela that update terms for its joint ventures, add acreage in the Orinoco Belt, and support a planned investment of over $7 billion in the next five years.
The company targets more than doubling Venezuelan production to approximately 600,000 barrels per day compared with 2026 levels, with total costs stated at less than $20 per barrel. Chevron’s Petroindependencia joint venture, where a subsidiary holds a 49% interest, received rights to develop the Carabobo 1 and Carabobo-2-South-A areas. Together with Ayacucho 8, these greenfield sites expand its extra‑heavy oil portfolio, which has delivered 15% production growth year-to-date across three joint ventures.
Chevron (NYSE: CVX) announced that CFO Eimear Bonner will take part in a fireside chat and Q&A at the Barclays 40th Annual Energy-Power Conference on Tuesday, September 8, 2026, at 12:40 PM ET. A live webcast and replay will be available on Chevron’s investor website.
Chevron (NYSE: CVX), through subsidiary Cabinda Gulf Oil Company (CABGOC), announced an oil and gas condensate discovery at the 105-4X exploration well in Block 0 offshore Angola. The well in the Lower Congo Basin encountered a hydrocarbon column of more than 600 meters in the primary Pinda reservoir, including over 90 meters of net pay in what Chevron describes as excellent reservoir quality.
The company plans to assess potential development as a tie-back to existing nearby facilities to pursue a capital-efficient route to production. CABGOC operates Block 0 with a 39.2% working interest alongside Sonangol E&P (41%), TotalEnergies (10%) and Azule Energy (9.8%). Chevron links this discovery to its wider Sub-Saharan Africa exploration strategy, highlighting around 300 thousand barrels of oil equivalent per day net production in the region, recent acreage additions and multiple near-field exploration successes in Nigeria, Guinea-Bissau, Equatorial Guinea and other Angolan blocks.
Chevron (NYSE: CVX) announced that Uriel "Ose" Oseguera has been elected Treasurer, effective November 1, 2026, succeeding Navin Mahajan, who will retire after nearly 30 years with the company.
Oseguera will lead treasury functions including capital markets, corporate finance, insurance, credit and risk management, reporting to CFO Eimear Bonner.