Vale profit down 35% in Q2 2026 while Chevron posts record earnings
Vale SA reported a net profit of US$1.37 billion for the second quarter of 2026, a 35 % decline from the same period a year earlier, while revenue rose 19 % to US$10.5 billion. The miner kept its dividend and JCP payout at R$8.6 billion, equivalent to R$2.03 per share, and highlighted record production levels – 84.3 million tonnes of iron ore (the highest Q2 since 2018) and 98.4 kilotonnes of copper, up 6 % year‑on‑year. Expanded net debt stood at US$16.6 billion, down 4 % YoY.
Chevron Corp posted a net profit of US$12.07 billion in the same quarter, up from US$2.49 billion a year earlier, and revenue of US$70.06 billion, both well above analyst expectations. U.S. production reached a record 4.07 million barrels of oil equivalent per day, a 20 % increase, and the company announced a 20‑year electricity supply agreement with Microsoft for 2.67 GW to power its West Texas data centre. Chevron also declared a dividend of US$1.78 per share and reduced its total debt by about US$8.4 billion.
Entities: Board of Directors of Vale · Brazil · Chevron Corp · Gustavo Pimenta · Microsoft · Mike Wirth · R$2.03 per share dividend · Reginaldo Castanheira · S11D complex · S11D project · Serra Sul +20 · Vale S.A.
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Vale's Q2 2026 revenue was US$10.49 billion, up 19% year‑on‑year. (revenue)
- [● 5 SOURCES] Vale's adjusted EBITDA for Q2 2026 was US$3.67 billion, up 9 % year‑on‑year. (Vale)
- [● 2 SOURCES] Vale approved a total dividend and JCP of R$8.64 billion, amounting to R$2.03 per share. (dividend)
- [○ 1 SOURCE] Vale disbursed R$82.4 billion for the Mariana reparations up to 30 June 2026. (environmental_repair)
- [○ 1 SOURCE] The Brumadinho remediation programme was 83% complete by the end of Q2 2026. (environmental_repair)
- [○ 1 SOURCE] Vale's expanded net debt at the end of Q2 2026 was US$16.6 billion, down 4% year‑on‑year. (debt)
- [● 3 SOURCES] Vale authorized a share‑buyback programme of up to 100 million ordinary shares. (share repurchase)
- [● 6 SOURCES] Vale's net profit for Q2 2026 was US$1.37 billion, a 35 % decline year‑on‑year. (Vale)
- [● 7 SOURCES] Vale's net profit in Q2 2026 was US$1.37 billion, a 35 % decline year‑on‑year. (financial results)
- [● 2 SOURCES] Vale approved dividend and JCP totaling R$2.03 per share (about R$8.6 bn in total). (shareholder remuneration)
- [● 7 SOURCES] Vale's revenue in Q2 2026 was US$10.5 billion, up 19 % year‑on‑year. (financial results)
- [○ 1 SOURCE] Vale elected Reginaldo Castanheira as vice‑president of the Board, effective 1 August 2026. (governance appointment)