Chevron: Q3 Earnings Snapshot
Chevron said higher refined-product margins and record U.S. refinery throughput lifted downstream earnings to $4.9 billion.
- On Thursday, San Antonio-based Cullen/Frost Bankers Inc. reported a third-quarter profit of $180.2 million, with earnings of $2.84 per share.
- Credit Acceptance Corp reported a $56.6 million loss on Thursday, while Sensient Technologies Corp posted $48.3 million in net income on Friday.
- Chevron reported third-quarter earnings of $9.9 billion on Friday, up from $3.5 billion a year earlier, as U.S. refineries processed record crude oil volumes.
- Upstream earnings reached $5.7 billion and downstream earnings climbed to $4.9 billion, while Chevron cut total debt by $3.5 billion in the quarter.
- Chairman and CEO Mike Wirth stated the company is "reinvesting to bring more energy to a supply-constrained market," while the board declared a $1.78 per share quarterly dividend payable Dec. 10.
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Chevron Corp., one of the largest oil companies in the United States, increased net profits by 2.8 times in the third quarter of 2026 and revenues by 1.4 times, including a sharp rise in refining margins.
Chevron totaled US$9.92 billion net profit in the third quarter of 2026, which means a high of 180% over the figure of US$3.53 billion obtained in the same period of the previous year. Growth was driven by higher average crude oil prices and higher margins in the sale of derivatives, reported the company headquartered in Houston on Friday (30). Profit advanced even with a slight fall in production compared to the third quarter of 2025, from 4.08…
Cullen/Frost Bankers, Inc. (NYSE:CFR) Shareholders to Get $1.03 Quarterly Dividend
Cullen/Frost Bankers, Inc. (NYSE:CFR) declared a quarterly dividend on Thursday, October 29th. Shareholders of record on Monday, November 30th will be given a dividend of $1.03 per share by the bank on Tuesday, December 15th. This represents a $4.12 annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, November 30th.
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