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What happened

On October 30, Chevron reported third-quarter 2026 earnings of $9.9 billion, or $5.06 per diluted share. Adjusted earnings were $10.4 billion; the company reported 98% crude utilization at its U.S. refineries.

Why it matters

Profitability and refinery utilization help explain fuel supply and the energy business’s performance.

Rockstar Briefing analysis

High utilization indicates intensive activity during the quarter, but does not guarantee that margins or fuel prices will remain at the same level.

Original source · AI-generated illustration.

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