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 · Editorial policy
Key numbers
- Adjusted 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 adjusted 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 Hold 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: 2027-01-29.
What supports the rating
- Sector modifier (Energy): +1.2
- Strong earnings beat streak (4/4)
What argues against it
- Analyst target reached - limited upside remaining
- Negative news sentiment (-0.67)
- Target reached (1.0% 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
- $216.35
- Price target
- $218.55
- Stop
- $205.75
- Upside to target
- +1.0%
- Reward-to-risk
- 0.2:1
The stock trades at 15.7× trailing but 12.9× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-13 — 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
- $416.16B
- P/E (fwd)
- 12.9
- P/E (ttm)
- 15.7
- 52-week range
- $146.49–$236.48
- Off 52-week high
- 8.5%
- RSI (14)
- 30
- Volume vs avg
- 1.08×
- Score today
- 6.8/10