Friday 30 October 2026 Export CVX’s income statement to Excel — free account

Chevron Corporation

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.

235.41 3.95 +1.71%

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Market cap: $457.3B
P/E: 22.1×
Fwd P/E: 13.4×
Dividend yield: 3.05%
F-score: 5/9
Altman Z: 2.99
Beneish M: −3.01
Dividend safety: 42/100

Overview Business Profile Earnings & Analysis Segments Filings

Chevron Corporation (CVX) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2017: revenue by segment, and margins
Downstream Equipment	114,535	80.82%
Upstream Equipment	41,922	29.58%
Gross margin		37.84%
Operating margin		6.51%
Pre-tax margin		6.51%

Revenue by segment $m

Line	FY2022	FY2018	FY2017	FY2016
Segment Total	286,543 121.56%	—	—	—
All Other	518 0.22%	—	—	—
Downstream Equipment	—	129,471 81.48%	114,535 80.82%	94,743 82.77%
Upstream Equipment	—	60,713 38.21%	41,922 29.58%	33,145 28.95%
Eliminations	(51,344) (21.78%)	(31,282) (19.69%)	(14,735) (10.40%)	(13,416) (11.72%)
Revenue	235,717	158,902	141,722	114,472

Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
Liquids Production	Q3 FY2026	1.5M	1.5M	−2.67%
Liquids Production	Q3 FY2026	1.0M	1.1M	−8.10%
Liquids Realization	Q3 FY2026	$86.09	$63.16	+36.30%
Liquids Realization	Q3 FY2026	$62.72	$48.12	+30.34%
Natural Gas Production	Q3 FY2026	5.6B	5.7B	−1.96%
Natural Gas Production	Q3 FY2026	3.5B	3.3B	+7.87%
Natural Gas Realization	Q3 FY2026	$9.44	$6.88	+37.21%
Natural Gas Realization	Q3 FY2026	$1.88	$1.77	+6.21%
Net Oil-Equivalent Production	Q3 FY2026	4.0M	4.1M	−2.59%
Net Oil-Equivalent Production	Q3 FY2026	1.9M	2.0M	−5.33%
Net Oil-Equivalent Production	Q3 FY2026	2.0M	2.0M	+0.15%
Refined Product Sales	Q3 FY2026	1.4M	1.5M	−8.50%
Refined Product Sales	Q3 FY2026	1.3M	1.3M	+0.08%
Refinery Crude Oil Inputs	Q3 FY2026	1.1M	1.1M	+2.73%
Refinery Crude Oil Inputs	Q3 FY2026	665.0K	663.0K	+0.30%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023
Liquids Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Liquids Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Liquids Realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Liquids Realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural Gas Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural Gas Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural Gas Realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Natural Gas Realization	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net Oil-Equivalent Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net Oil-Equivalent Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Net Oil-Equivalent Production	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refined Product Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refined Product Sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinery Crude Oil Inputs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Refinery Crude Oil Inputs	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.