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
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Chevron Corporation (CVX) Return on invested capital
Chevron Corporation's return on invested capital over the twelve months to 30 September 2026 was 0.00%, down 5.4 percentage points from fiscal 2025 (5.44%). Over the past ten years it has ranged from −2.72% (fiscal 2020) to 18.7% (fiscal 2022); the current reading is higher than 55% of that period. That is below the Oil & Gas Integrated industry median of 12.9% and below the Energy sector median of 5.43%.
Return on invested capital, annual
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Annual newest first
| Period | Return on invested capital | Change (points) |
|---|---|---|
| FY2025 | 5.44% | (4.62) |
| FY2024 | 10.1% | (0.53) |
| FY2023 | 10.6% | (8.15) |
| FY2022 | 18.7% | 10.57 |
| FY2021 | 8.17% | 10.89 |
| FY2020 | −2.72% | (4.80) |
| FY2019 | 2.08% | (5.07) |
| FY2018 | 7.15% | 4.01 |
| FY2017 | 3.14% | 3.87 |
| FY2016 | −0.73% | (2.40) |
Against its own ten years
Return on invested capital against peers
| Company | Return on invested capital |
|---|---|
| EQNR Equinor ASA compare | 54.5% |
| BP BP p.l.c. compare | 20.4% |
| PBR Petroleo Brasileiro S.A.- Petrobras compare | 15.5% |
| SHEL Shell PLC Unsponsored ADR compare | 15.2% |
| CVE Cenovus Energy Inc compare | 14.5% |
| TTE TotalEnergies SE Sponsored ADR compare | 13.5% |
| XOM ExxonMobil Holdings Corporation compare | 12.0% |
| E Eni SpA compare | 3.67% |
| CVX Chevron Corporation | 0.00% |
| Oil & Gas Integrated industry median | 12.9% |
| Energy sector median | 5.43% |
| Market median | 0.00% |
What Return on invested capital is
Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.
TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)
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