Chevron's Earnings Dropped Year Over Year, but Production Surged. Here's What Investors Need to Know.

Chevron's Earnings Dropped Year Over Year, but Production Surged. Here's What Investors Need to Know.

Key PointsChevron's adjusted earnings in the first quarter were $1.41 per share, down from $2.18 in the same quarter of 2025.Timing issues with hedges were a major drag on earnings, masking the positives from the company's growing production levels.10 stocks we like better than Chevron › Chevron (NYSE: CVX) reported first-quarter 2026 adjusted earnings of $1.41 per share. That figure is materially lower than the $2.18 it earned in the year-ago p…