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Friday 6 November 2026 Export CVX’s income statement to Excel — free account

Chevron Corporation

CVX Energy Oil & Gas Integrated

Chevron Corporation’s revenue for fiscal 2025 (year ended December 2025) was $189.0 billion, down 6.79% from fiscal 2024.

Revenue
+36.3%
EPS
+180.6%
Free cash flow
+142.9%
Total debt
+25.8%

Quarter to September 2026, against a year earlier

214.35 1.42 +0.67%
Market cap
$415.4B
P/E
15.5×
Fwd P/E
13.3×
Dividend yield
3.30%
F-score
5/9
Altman Z
2.99
Beneish M
−3.01
Dividend safety
42/100
Overview Business Profile Earnings & Analysis
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Chevron Corporation (CVX) Debt to equity

Alert me on Debt to equity

Chevron Corporation's debt to equity at the end of the quarter to 30 June 2026 was 0.2×, down 0.0× from fiscal 2025 (0.2×). Over the past ten years it has ranged from 0.1× (fiscal 2023) to 0.3× (fiscal 2020); the current reading is higher than 45% of that period. That is below the Oil & Gas Integrated industry median of 0.5× and below the Energy sector median of 0.4×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.2× 32.40%
FY2024 0.2× 24.48%
FY2023 0.1× (11.61%)
FY2022 0.1× (35.06%)
FY2021 0.2× (32.85%)
FY2020 0.3× 79.71%
FY2019 0.2× (16.08%)
FY2018 0.2× (14.71%)
FY2017 0.3× (17.43%)
FY2016 0.3× 25.51%

Quarterly newest first

Period Debt to equity Change
Jun 2026 0.2× (20.97%)
Mar 2026 0.2× 13.11%
Dec 2025 0.2× (0.14%)
Sep 2025 0.2× 6.15%
42 more quarters

Against its own ten years

Low 0.1× High 0.3×
Ten-year median 0.2×
Current reading's percentile 45

Debt to equity against peers

Company Debt to equity
XOM ExxonMobil Holdings Corporation compare 0.1×
CVX Chevron Corporation 0.2×
CVE Cenovus Energy Inc compare 0.3×
SHEL Shell PLC Unsponsored ADR compare 0.4×
TTE TotalEnergies SE Sponsored ADR compare 0.5×
EQNR Equinor ASA compare 0.5×
E Eni SpA compare 0.6×
PBR Petroleo Brasileiro S.A.- Petrobras compare 0.7×
BP BP p.l.c. compare 0.7×
Oil & Gas Integrated industry median 0.5×
Energy sector median 0.4×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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