Earnings call briefSecond-quarter 2026
Chevron now expects capital budget at low end of $18 billion to $19 billion
Chevron also affirmed its $6 billion affiliate distributions guidance at $70 Brent.
GetSignal Chevron CVX
Chevron said on its second-quarter call that it now expects to finish the year at the lower end of its $18 billion to $19 billion capital budget range.
Chairman and CEO Michael Wirth said that a higher Brent price this year would translate into even higher affiliate distributions.
Quotes from the call
“We now expect to finish the year at the lower end of our guidance range of $18 billion to $19 billion.”
“The affiliate distributions in the quarter of roughly $3 billion, most of that is coming from TCO and I want to affirm our $6 billion guidance at $70 Brent, obviously, we're likely to have a higher number for Brent this year, which would translate into even higher affiliate distributions.”
Key facts from the call
- Expected year-end capital budget
- Lower end of $18 billion to $19 billion range
- This year's affiliate distributions guidance
- $6 billion at $70 Brent
Source: Chevron's second-quarter 2026 earnings call, July 31, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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