CHEVRON CORP CVX

Energy SIC 2911 - Petroleum Refining NAICS Manufacturing › Petroleum and Coal Products Manufacturing › Petroleum Refineries derived NYSE

Last close 233.21 2026-10-23
Market cap $460.77B 2026-06-30 share count
52-week range 146.49 - 233.74

Valuation FY2025 figures against the last close

P/S2.5x
P/E35.2x
P/FCF27.8x
EV/EBITDA—
Dividend yield2.8%
Diluted EPS6.63

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Int'l. - Downstream
  • U.S. - Downstream
  • Int'l. - Upstream
  • U.S. - Upstream
Revenue by geography, 4 categories over 3 years. The same figures are in the table below. FY2025 Int'l. - Downstream, FY2025: 65.5B (35.6%) 36% Int'l. - Downstream U.S. - Downstream, FY2025: 65.3B (35.4%) 35% U.S. - Downstream Int'l. - Upstream, FY2025: 33.8B (18.4%) 18% Int'l. - Upstream U.S. - Upstream, FY2025: 19.6B (10.6%) 11% U.S. - Upstream FY2024 Int'l. - Downstream, FY2024: 75.8B (39.2%) 39% U.S. - Downstream, FY2024: 70.7B (36.6%) 37% Int'l. - Upstream, FY2024: 32.2B (16.7%) 17% U.S. - Upstream, FY2024: 14.6B (7.6%) 8% FY2023 Int'l. - Downstream, FY2023: 76.3B (38.8%) 39% U.S. - Downstream, FY2023: 74.8B (38.0%) 38% Int'l. - Upstream, FY2023: 31.9B (16.2%) 16% U.S. - Upstream, FY2023: 13.8B (7.0%) 7%
Region FY2025FY2024FY2023
Int'l. - Downstream $65.55B $75.76B $76.26B
U.S. - Downstream $65.33B $70.67B $74.77B
Int'l. - Upstream $33.84B $32.21B $31.93B
U.S. - Upstream $19.61B $14.64B $13.81B

As the company reported it, from the “Operating Segments and Geographic Data - Segment Sales and Operating Revenues (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $184.43B$193.41B$196.91B$235.72B$155.61B$94.47B$139.87B$158.90B$134.67B$110.22B
Cost of revenue $108.21B$119.21B$119.20B$145.42B$92.25B$52.15B$80.11B$94.58B$75.77B$59.32B
Gross profit $76.22B$74.21B$77.72B$90.30B$63.36B$42.32B$59.75B$64.32B$58.91B$50.89B
R&D $427.0M$353.0M$320.0M$268.0M$268.0M$435.0M$500.0M$453.0M$433.0M$476.0M
SG&A $5.13B$4.83B$4.14B$4.31B$4.01B$4.21B$4.14B$3.84B$4.11B$4.30B
Total operating expenses $169.29B$175.29B$171.37B$196.58B$140.83B$102.14B$140.98B$145.76B$132.50B$116.63B
Pre-tax income $19.74B$27.51B$29.58B$49.67B$21.64B-$7.45B$5.54B$20.57B$9.22B-$2.16B
Income tax $7.26B$9.76B$8.17B$14.07B$5.95B$1.89B$2.69B$5.71B$48.0M$1.73B
Net income $12.30B$17.70B$21.40B$35.50B$15.60B-$5.54B$2.92B$14.82B$9.20B-$497.0M
EPS, basic 6.659.7611.4118.368.15-2.961.557.814.88-0.27
EPS, diluted 6.639.7211.3618.288.14-2.961.547.744.85-0.27
Shares, diluted (wtd. avg.) 1.86B1.82B1.88B1.94B1.92B1.87B1.90B1.91B1.90B1.87B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $7.29B$8.26B$9.28B$19.12B$6.79B$6.74B$6.91B$10.48B$5.94B$8.41B
Short-term investments $0$0$45.0M$223.0M$35.0M$31.0M$63.0M$53.0M$9.0M$13.0M
Receivables $15.99B$18.34B$17.64B$18.20B$16.40B$9.50B————
Inventory $9.71B$9.07B$8.61B$8.25B$6.79B$5.68B$5.85B$5.70B$5.58B$5.42B
Total current assets $38.55B$40.91B$41.13B$50.34B$33.74B$26.08B$28.33B$34.02B$28.56B$29.62B
Property, plant and equipment —————$156.62B$150.49B$169.21B$177.71B$182.19B
Goodwill $4.57B$4.58B$4.72B$4.72B$4.38B$4.40B$4.46B$4.52B$4.53B$4.58B
Total assets $324.01B$256.94B$261.63B$257.71B$239.53B$239.79B$237.43B$253.86B$253.81B$260.08B
Accounts payable $19.28B$22.08B$20.42B$18.95B$16.45B$10.95B$14.10B$13.95B$14.56B$13.99B
Short-term debt $2.35B$4.01B$1.65B$2.69B$4.95B$2.60B$5.05B$5.00B$6.72B$6.25B
Total current liabilities $33.39B$38.56B$32.26B$34.21B$26.79B$22.18B$26.53B$27.17B$27.74B$31.79B
Long-term debt ————$25.68B$25.68B$18.73B$23.73B$30.23B$35.19B
Total liabilities $131.84B$103.78B$99.70B$97.47B$99.59B$107.06B$92.22B$98.22B$104.49B$113.36B
Retained earnings $205.37B$205.85B$200.03B$190.02B$165.55B$160.38B$174.94B$180.99B$174.11B$173.05B
Total equity $186.45B$152.32B$161.93B$160.24B$139.94B$132.73B$145.21B$155.64B$149.32B$146.72B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $33.94B$31.49B$35.61B$49.60B$29.19B$10.58B$27.31B$30.62B$20.34B$12.69B
Depreciation and amortisation $20.13B$17.28B$17.33B$16.32B$17.93B$19.51B$29.22B$19.42B$19.35B$19.46B
Capital expenditure $17.35B$16.45B$15.83B$11.97B$8.06B$8.92B$14.12B$13.79B$13.40B$18.11B
Investing cash flow -$15.91B-$8.94B-$15.23B-$12.11B-$5.87B-$6.96B-$11.46B-$12.29B-$8.32B-$16.37B
Financing cash flow -$19.06B-$23.47B-$30.11B-$24.98B-$23.11B-$3.74B-$19.76B-$13.70B-$14.55B$25.0M
Dividends paid $12.75B$11.80B$11.34B$10.97B$10.18B$9.65B$8.96B$8.50B$8.13B$8.03B
Buybacks $12.08B$15.23B$14.94B$11.26B$1.38B$1.76B$4.04B$1.75B$1.0M$2.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-145617.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -100B 0 100B 200B 300B Revenue, FY2016: 110.2B Gross profit, FY2016: 50.9B Net income, FY2016: -497M Revenue, FY2017: 134.7B Gross profit, FY2017: 58.9B Net income, FY2017: 9.2B Revenue, FY2018: 158.9B Gross profit, FY2018: 64.3B Net income, FY2018: 14.8B Revenue, FY2019: 139.9B Gross profit, FY2019: 59.8B Net income, FY2019: 2.9B Revenue, FY2020: 94.5B Gross profit, FY2020: 42.3B Net income, FY2020: -5.5B Revenue, FY2021: 155.6B Gross profit, FY2021: 63.4B Net income, FY2021: 15.6B Revenue, FY2022: 235.7B Gross profit, FY2022: 90.3B Net income, FY2022: 35.5B Revenue, FY2023: 196.9B Gross profit, FY2023: 77.7B Net income, FY2023: 21.4B Revenue, FY2024: 193.4B Gross profit, FY2024: 74.2B Net income, FY2024: 17.7B Revenue, FY2025: 184.4B Gross profit, FY2025: 76.2B Net income, FY2025: 12.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $110.22B $134.67B $158.90B $139.87B $94.47B $155.61B $235.72B $196.91B $193.41B $184.43B
Gross profit $50.89B $58.91B $64.32B $59.75B $42.32B $63.36B $90.30B $77.72B $74.21B $76.22B
Net income -$497.0M $9.20B $14.82B $2.92B -$5.54B $15.60B $35.50B $21.40B $17.70B $12.30B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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