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Chevron forecasts 2.2 billion dollar rise in Q1 earnings

Chevron expects first quarter upstream earnings to rise by up to 2.2 billion dollars. Higher oil and gas prices driven by Middle East volatility fueled the gain.

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CHEVRON CORP has forecasted a substantial increase in its upstream earnings for the first quarter of 2026, driven by a surge in global energy prices. The company expects earnings to rise by $1.6 billion to $2.2 billion compared to the final quarter of 2025.

A Chevron corporate logo displayed at the company's facility in Houston, Texas, photographed in August 2025. REUTERS/Kaylee Greenlee/File Photo
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