Chevron (CVX) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $6.06
- Estimate
- $5.58
- Surprise
- +8.6%
- Score at report (before → after)
- 5.1 → 4.9/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Chevron (CVX) beat the $5.58 estimate with diluted EPS of $6.06 — a clear 8.6% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.1/10) to Hold at 4.9/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CVX Buy (Wait) at 6.8/10.
4 of the last 4 quarters beat the estimate; this quarter's +8.6% surprise compares with a +17.0% four-quarter average. Next scheduled report: 2026-10-30.
What supports the rating
- Strong earnings beat streak (4/4)
- Earnings estimates trending UP
What argues against it
- Analyst target reached - limited upside remaining
- Near 52-week high (4.4% away)
- Target reached (-4.5% upside)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $204.14
- Entry target
- $175.77
- Price target
- $236.06
- Stop
- $167.44
- Upside to target
- +15.6%
The stock trades at 19.8× trailing but 15.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 70 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-08-24 — shown for context, not personalized investment advice.
CVX at TrendMatrix's latest read
Energy results are commodity-price arithmetic first; the operational beat or miss is read net of what the strip already told the market.
- Industry
- Oil & Gas Integrated
- Market cap
- $402.66B
- P/E (fwd)
- 15.5
- P/E (ttm)
- 19.8
- 52-week range
- $146.49–$214.71
- Off 52-week high
- 4.9%
- RSI (14)
- 70
- Volume vs avg
- 0.91×
- Score today
- 6.8/10