Chevron Corporation

CVXNYSE

Quarterly earnings data from Chevron’s SEC filings (10-Q, 10-K), covering 44 quarters from Q1 '15 to Q4 '25. Two operating segments: Upstream and Downstream. Notable acquisitions: Noble Energy (Oct 2020), PDC Energy (Aug 2023), Hess Corporation (Q3 2025).

CVX Stock Price

$198.97

$1.56 (0.79%)as of Apr 3, 2026, 1:46 AM

Mkt Cap

$397.81B

P/E Ratio

30.01

52-wk High

$214.71

52-wk Low

$132.04

Source: Yahoo Finance · End-of-day data · Hover or tap for detail

Latest Revenue

$46.9B

Q4 '25 (Dec 2025)

YoY Growth

-10.2%

vs. Q4 '24

ROIC (TTM)

5.6%

Trailing 4Q annualized

TTM Free Cash Flow

$16.6B

OCF minus CapEx

Quarterly revenue

Total revenue, 2015– 2025

$020B40B60B80BQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-Q, 10-K)

Revenue by segment

Upstream + Downstream segment revenue, 2015– 2025

$020B40B60B80B100BQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-K segment notes) · Click segments to filter

Revenue by geography

Quarterly revenue by region, 2015– 2025

$020B40B60B80B100BQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-Q, 10-K) · Click regions to filter

Net Margin

Net income as a percentage of revenue, quarterly — commodity cycles drive wide swings

-65%-60%-55%-50%-45%-40%-35%-30%-25%-20%-15%-10%-5%0%+5%+10%+15%+20%20152016201720182019202020212022202320242025

Source: Chevron SEC filings (10-Q, 10-K)

Capital Expenditure Intensity

CapEx as a percentage of revenue, quarterly

2%4%6%8%10%12%14%16%18%20%22%24%26%28%20152016201720182019202020212022202320242025

Source: Chevron SEC filings (10-Q, 10-K)

Return on Invested Capital (ROIC)

Trailing 4-quarter net income / invested capital

-10%-5%0%+5%+10%+15%+20%+25%2016201720182019202020212022202320242025

Source: Chevron SEC filings (10-Q, 10-K) · Invested capital = equity + total debt − cash

Cash flow allocation

Operating cash flow breakdown, 2015– 2025

-10B-5B$05B10B15B20BQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-Q, 10-K) · Click categories to filter

Shareholder returns & shares outstanding

Dividends + buybacks with diluted share count, 2015– 2025

$02B4B6B8B1.7B1.8B1.9B2.0BQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-Q, 10-K) · Click to toggle

Balance sheet — Assets

Total assets breakdown by liquidity

$050B100B150B200B250B300B350BHess acquisitionQ1 '152015Q1 '162016Q1 '172017Q1 '182018Q1 '192019Q1 '202020Q1 '212021Q1 '222022Q1 '232023Q1 '242024Q1 '252025

Source: Chevron SEC filings (10-Q, 10-K) · Click to toggle · Swipe or use tabs to switch views

Annual Summary

YearRevenueNet IncomeNet MarginQuarters
2015$138.5B$4.6B3.3%4/4
2016$114.5B$-0.5B-0.4%4/4
2017$141.7B$9.2B6.5%4/4
2018$166.3B$14.8B8.9%4/4
2019$146.5B$2.9B2.0%4/4
2020$94.7B$-5.5B-5.9%4/4
2021$162.5B$15.6B9.6%4/4
2022$246.3B$35.5B14.4%4/4
2023$200.9B$21.4B10.6%4/4
2024$202.8B$17.7B8.7%4/4
2025$189.0B$12.3B6.5%4/4

Employment

Lean operations, steady workforce

Chevron annual headcount

Full-time employees as reported in annual SEC filings

025K50K75K200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024

Source: SEC filings (10-K) via Financial Modeling Prep

All data sourced from Chevron’s quarterly earnings press releases and SEC filings (10-Q, 10-K). Figures in millions USD unless otherwise noted. Chevron uses a calendar fiscal year (Jan–Dec). Segment revenue sourced from annual 10-K segment notes, allocated proportionally to quarters; segment totals include intersegment sales and may exceed consolidated revenue. Noble Energy acquisition closed October 2020. PDC Energy acquisition closed August 2023. Hess Corporation acquisition closed Q3 2025.