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

213.51 3.45 −1.59%
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

Chevron Corporation (CVX) Return on invested capital

Alert me on 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

Low −2.72% High 18.7%
Ten-year median 5.44%
Current reading's percentile 55

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)

The full definition of Return on invested capital →

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