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) Net margin
Chevron Corporation's net margin over the twelve months to 30 June 2026 was 9.57%, up 3.1 percentage points from fiscal 2025 (6.51%). Over the past ten years it has ranged from −5.85% (fiscal 2020) to 14.4% (fiscal 2022); the current reading is higher than 55% of that period. That is above the Oil & Gas Integrated industry median of 8.88% and above the Energy sector median of 7.30%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 6.51% | (2.20) |
| FY2024 | 8.71% | (1.92) |
| FY2023 | 10.6% | (3.77) |
| FY2022 | 14.4% | 4.78 |
| FY2021 | 9.62% | 15.47 |
| FY2020 | −5.85% | (7.85) |
| FY2019 | 2.00% | (6.91) |
| FY2018 | 8.91% | 2.42 |
| FY2017 | 6.49% | 6.92 |
| FY2016 | −0.43% | (3.74) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 17.2% | 12.68 |
| Mar 2026 | 4.55% | (1.36) |
| Dec 2025 | 5.91% | (1.21) |
| Sep 2025 | 7.12% | 1.56 |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 24.5% |
| PBR.A Petroleo Brasileiro S.A.- Petrobras compare | 24.5% |
| CVX Chevron Corporation | 9.57% |
| TTE TotalEnergies SE Sponsored ADR compare | 9.08% |
| XOM ExxonMobil Holdings Corporation compare | 8.88% |
| SHEL Shell PLC Unsponsored ADR compare | 8.55% |
| EQNR Equinor ASA compare | 7.92% |
| E Eni SpA compare | 6.30% |
| BP BP p.l.c. compare | 2.46% |
| Oil & Gas Integrated industry median | 8.88% |
| Energy sector median | 7.30% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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