Chevron agrees to Namibia stake deal and Chevron stock costs EUR 182.75

Published on 10/02/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 earnings per share were USD 6.06, 4.48 percent above consensus. Chevron stock costs EUR 182.75 on October 2, 2026 versus EUR 184.36.

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Chevron stock (ISIN US1667641005) was trading at EUR 182.75 at Lang & Schwarz on October 2, 2026 at 12:06 p.m. CEST, down 0.87 percent versus the prior close of EUR 184.36. According to OTC Markets on October 1, 2026, a Chevron affiliate agreed to acquire a 10.00 percent participating interest in Namibia's Petroleum Exploration License 90 for USD 11.00 million in cash plus contingent payments.

Namibia deal adds exploration exposure

The PEL 90 agreement covers an offshore license in Namibia's Orange Basin operated by Chevron. The license covers 5,433 square kilometers, while completion remains subject to governmental, regulatory and third-party approvals, according to OTC Markets on October 1, 2026.

The transaction gives Chevron additional exploration exposure while limiting the upfront cash commitment to USD 11.00 million. The contingent consideration depends on appraisal and production milestones, including estimated commercial production of 1.50 million to 2.50 million barrels of oil.

Second-quarter earnings set the benchmark

MarketBeat reported that Chevron's second-quarter 2026 revenue reached USD 67.20 billion, up 57.40 percent from the same quarter a year earlier, while earnings per share reached USD 6.06 versus a USD 5.55 consensus estimate. Zacks put the second-quarter earnings per share surprise at 4.48 percent against its USD 5.80 consensus estimate.

The earnings comparison matters because the Namibia project is an exploration option rather than a current revenue contributor. Chevron's near-term valuation still depends more directly on production, refining results and commodity prices than on PEL 90 output.

October 30 is the next results date

Chevron will hold its third-quarter 2026 earnings conference call on October 30, 2026, at 11:00 a.m. ET, according to FT on October 1, 2026. The release sets a defined checkpoint for production, capital spending and management's outlook.

Chevron's primary listing is on the NYSE, where the stock was last at USD 207.10 on October 1, 2026 at 4:02 p.m. EDT. The finance snapshot placed market capitalization at USD 412.5 billion and the 52-week range at USD 146.49 to USD 217.78 as of October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Chevron stock.