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. In the quarter to June 2026, revenue grew 56.3%, EPS grew 322.8%, free cash flow grew 272.0% and total debt rose 25.8%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years.
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Chevron Corporation (CVX) Free cash flow margin
Chevron Corporation's free cash flow margin over the twelve months to 30 June 2026 was 12.6%, up 3.8 percentage points from fiscal 2025 (8.78%). Over the past ten years it has ranged from −7.26% (fiscal 2015) to 15.3% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Oil & Gas Integrated industry median of 9.61% and above the Energy sector median of 6.79%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 8.78% | 1.36 |
| FY2024 | 7.42% | (2.42) |
| FY2023 | 9.84% | (5.44) |
| FY2022 | 15.3% | 2.27 |
| FY2021 | 13.0% | 11.26 |
| FY2020 | 1.75% | (7.26) |
| FY2019 | 9.01% | (1.11) |
| FY2018 | 10.1% | 5.23 |
| FY2017 | 4.89% | 9.62 |
| FY2016 | −4.73% | 2.53 |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 19.9% |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 19.9% |
| CVX Chevron Corporation | 12.6% |
| SHEL Shell PLC Unsponsored ADR compare | 10.8% |
| EQNR Equinor ASA compare | 10.7% |
| TTE TotalEnergies SE Sponsored ADR compare | 9.29% |
| XOM ExxonMobil Holdings Corporation compare | 8.78% |
| BP BP p.l.c. compare | 7.83% |
| E Eni SpA compare | 5.29% |
| Oil & Gas Integrated industry median | 9.61% |
| Energy sector median | 6.79% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
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- Revenue
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- Free cash flow
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