CVX Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-30), CVX reported revenue of $67.2B, gross profit of $30.6B (45.5% gross margin), operating income of $14.2B, and net income of $12.1B (18.0% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CVX was profitable; revenue grew 41.3% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +41.3% | +446.2% | +13.3 pp |
Consensus estimate data is not available for this report.
CVX Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $67.2B | 100% |
| Cost of Revenue | −$36.6B | 54.5% |
| Gross Profit | $30.6B | 45.5% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$8.9B | 13.2% |
| Other Operating Expenses | −$7.6B | 11.2% |
| Operating Income | $14.2B | 21.1% |
| Interest Expense | −$352M | 0.5% |
| Other Income, net | $2.9B | 4.3% |
| Income Tax Expense | −$4.5B | 6.7% |
| Net Income | $12.1B | 18.0% |
Source: CVX filings on SEC EDGAR (period ended 2026-06-30). Data normalized by EarningsFyi.