Chevron (CVX) Q3 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
- $5.28
- Estimate
- $4.87
- Surprise
- +8.5%
- Score at report (before → after)
- 6.6 → 6.6/10
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 $4.87 estimate with adjusted EPS of $5.28 — a clear 8.5% upside surprise. TrendMatrix's engine moved from Buy (Wait) (6.6/10) to Hold at 6.6/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CVX Hold at 6.6/10.
4 of the last 4 quarters beat the estimate; this quarter's +8.5% surprise compares with a +17.0% four-quarter average.
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
- Near 52-week high (0.4% away)
- Overbought (RSI 77)
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
- $235.52
- Stop
- $226.06
The stock trades at 22.7× trailing but 15.0× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 77 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-10-31 — 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
- $462.00B
- P/E (fwd)
- 15.0
- P/E (ttm)
- 22.7
- 52-week range
- $146.49–$236.48
- Off 52-week high
- 0.4%
- RSI (14)
- 77
- Volume vs avg
- 1.47×
- Score today
- 6.6/10