Chevron forecasts full-year 2026 output of 3,980-4,100 mboed

(AWP Alliance News) - Chevron issued full-year 2026 guidance for production of 3,980 to 4,100 MBOED, with organic capex of USD 18 to USD 19 billion. Affiliate distributions are guided at about USD 4.5 billion, with before-tax asset sales proceeds of USD 1 to USD 3 billion.

Adjusted "All Other" segment earnings are expected at a loss of USD 3.6 billion to USD 4 billion, with DD&A of USD 23 to USD 24 billion. The outlook follows 1Q26 production of 3,858 MBOED, 2Q26 production of 4,070 MBOED, 1Q26 organic capex of USD 3.9 billion, 2Q26 organic capex of USD 4.4 billion.

For 3Q26, buybacks are guided at USD 2.5 billion to USD 3 billion, with a declared dividend of USD 1.78 per share.

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Disclaimer: This news brief was created using generative artificial intelligence. Chevron Corporation published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.