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Chevron (CVX) Reports Q1 EPS Beat

Chevron Corporation (NYSE:CVX) is one of the 10 Must-Buy Stocks with the Strongest 1Q2026 Earnings Beats.

On May 1, 2026, Chevron Corporation (NYSE:CVX) reported Q1 adjusted EPS of $1.41 versus a 97c consensus and revenue of $48.61B compared to $52.7B expected. CEO Mike Wirth said results showed “solid” performance despite geopolitical volatility, pointing to strong U.S. operations following the Hess integration and higher production from the Gulf of America and Permian Basin.

The company said it continues to focus on capital discipline, cash flow generation, and shareholder returns, while maintaining strong portfolio performance and high utilization across operations. Chevron noted progress in Venezuela through an asset swap with PDVSA, increasing its position in the Orinoco and its stake in Petroindependencia to 49%, with the region contributing about 1% to 2% of operating cash flow. The company also said the Middle East conflict had a “limited impact” on production, with less than 5% of its portfolio in the region, while operations at Tamar and Leviathan ran at full capacity.

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Chevron expects 2026 production to grow 7% to 10% and capital spending of $18B to $19B, with guidance unchanged. The company said it remains on track to deliver $3B to $4B in structural cost reductions by year-end and continues to target growth in free cash flow and earnings per share alongside improved returns.

Chevron Corporation (NYSE:CVX) operates an integrated energy and chemicals business across upstream and downstream segments globally.

While we acknowledge the risk and potential of CVX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CVX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

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