Chevron (CVX) financials
Chevron revenue and earnings by year
Chevron's revenue was $189 billion in the fiscal year to December 31, 2025, down 6.8% from the year before. Net income was $12.3 billion, 6.5% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 5.7% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 189.0 | 202.8 | 200.9 | 246.3 | 162.5 | 94.7 | 146.5 | 166.3 | 141.7 | 114.5 |
| Revenue growth | -6.8% | 0.9% | -18.4% | 51.6% | 71.6% | -35.4% | -11.9% | 17.4% | 23.8% | — |
| Gross profit | 47.6 | 51.4 | 52.6 | 72.1 | 45.5 | 19.4 | 40.9 | 46.4 | 34.5 | 23.6 |
| Gross margin | 25.2% | 25.3% | 26.2% | 29.3% | 28.0% | 20.5% | 27.9% | 27.9% | 24.3% | 20.6% |
| Operating income | 21.0 | 28.1 | 30.1 | 50.2 | 22.4 | -6.8 | 6.3 | 21.3 | 9.5 | -2.0 |
| Operating margin | 11.1% | 13.9% | 15.0% | 20.4% | 13.8% | -7.1% | 4.3% | 12.8% | 6.7% | -1.7% |
| Net income | 12.3 | 17.7 | 21.4 | 35.5 | 15.6 | -5.5 | 2.9 | 14.8 | 9.2 | -0.5 |
| Net margin | 6.5% | 8.7% | 10.6% | 14.4% | 9.6% | -5.9% | 2.0% | 8.9% | 6.5% | -0.4% |
| Diluted EPS | $6.63 | $9.72 | $11.36 | $18.28 | $8.14 | -$2.96 | $1.54 | $7.74 | $4.85 | -$0.27 |
| Free cash flow | 18.4 | 22.7 | 20.4 | 40.3 | 22.9 | 4.6 | 16.1 | 19.2 | 12.0 | -1.9 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open CVX in Markets.
See also: CVX valuation and P/E history · CVX returns
No forecast, no recommendation. This page describes Chevron from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.