What is Chevron Corp's earnings per share (EPS)?

Chevron Corp (CVX) reported diluted earnings per share of $6.63 for fiscal year 2025. This represents a -31.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Chevron Corp Financials

CVX

FY2025 annual

Revenue $189.0B -6.8% YoY

Net Income $12.3B -30.5% YoY

EPS (Diluted) $6.63 -31.8% YoY

Free Cash Flow $16.6B +10.3% YoY

Source SEC Filings (10-K/10-Q) Data as of Jun 30, 2026 Currency USD FYE December

Chevron Corp (CVX) reported $189.0B in revenue for fiscal year 2025, down 6.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CVX FY2025 2026-08-15

Chevron’s capital-intensive cash generation remains the dominant mechanic: weaker earnings still fund distributions, while FY2025 brings a more leveraged financing posture.

The FY2025 earnings downturn did not translate one-for-one into cash: a 6.5% net margin coexisted with operating cash flow that rose versus FY2024. That resilience partly reflects noncash depreciation reaching $20.1B, so accounting profit is a less complete measure of cash capacity than the income statement suggests.

Capital intensity remains central: $17.3B of capital expenditures consumed roughly half of operating cash flow in FY2025, leaving $16.6B of free cash flow. The business therefore converts a large cash stream into distributable cash only after substantial reinvestment, rather than operating like an asset-light model.

Shareholder distributions exceeded free cash flow by about $8.2B in FY2025, while long-term debt nearly doubled year over year; alongside a 1.2x current ratio, that combination points to payouts supported by a more active financing posture, not cash generation alone.

Financial Health Signals

Financial Health Score 36/100

Scored as: Energy peer group

Scored against energy companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Chevron Corp's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Not available for Chevron Corp, and counted as zero in the overall score.

Growth

Leverage

Liquidity

Cash Flow

Returns

Not available for Chevron Corp, and counted as zero in the overall score.

Piotroski F-Score Partial

4/8

Chevron Corp passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

2.76x

For every $1 of reported earnings, Chevron Corp generates $2.76 in operating cash flow ($33.9B OCF vs $12.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$189.0B

YoY-6.8%

5Y CAGR+14.8%

10Y CAGR+3.2%

Chevron Corp generated $189.0B in revenue in fiscal year 2025. This represents a decrease of 6.8% from the prior year.

Net Income

$12.3B

YoY-30.5%

10Y CAGR+10.4%

Chevron Corp reported $12.3B in net income in fiscal year 2025. This represents a decrease of 30.5% from the prior year.

EPS (Diluted)

$6.63

YoY-31.8%

10Y CAGR+10.5%

Chevron Corp earned $6.63 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 31.8% from the prior year.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$16.6B

YoY+10.3%

5Y CAGR+58.6%

Chevron Corp generated $16.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 10.3% from the prior year.

Cash & Debt

$7.3B

YoY-11.8%

5Y CAGR+5.4%

10Y CAGR-4.1%

Chevron Corp held $7.3B in cash against $39.8B in long-term debt as of fiscal year 2025.

Dividends Per Share

$6.84

YoY+4.9%

5Y CAGR+5.8%

Chevron Corp paid $6.84 per share in dividends in fiscal year 2025. This represents an increase of 4.9% from the prior year.

Shares Outstanding

2.00B

YoY+13.3%

5Y CAGR+0.7%

Chevron Corp had 2.00B shares outstanding in fiscal year 2025. This represents an increase of 13.3% from the prior year.

Margins & Returns

Net Margin

6.5%

YoY-2.2pp

5Y CAGR+12.4pp

10Y CAGR+3.2pp

Chevron Corp's net profit margin was 6.5% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.2 percentage points from the prior year.

Return on Equity

6.6%

YoY-5.0pp

5Y CAGR+10.8pp

10Y CAGR+3.6pp

Chevron Corp's ROE was 6.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 5.0 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Capital Allocation

R&D Spending

$427.0M

YoY+21.0%

5Y CAGR-0.4%

10Y CAGR-3.4%

Chevron Corp invested $427.0M in research and development in fiscal year 2025. This represents an increase of 21.0% from the prior year.

Share Buybacks

$12.1B

YoY-20.7%

5Y CAGR+47.0%

10Y CAGR+138.8%

Chevron Corp spent $12.1B on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 20.7% from the prior year.

Capital Expenditures

$17.3B

YoY+5.5%

5Y CAGR+14.2%

10Y CAGR-5.2%

Chevron Corp invested $17.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 5.5% from the prior year.

CVX Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CVX annual income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$215.3B	$189.0B-6.8%	$202.8B+0.9%	$200.9B-18.4%	$246.3B+51.6%	$162.5B+71.6%	$94.7B-35.4%	$146.5B-11.9%	$166.3B+17.4%	$141.7B+23.8%	$114.5B-17.3%	$138.5B-34.7%	$212.0B-7.4%	$228.8B-5.4%	$241.9B-4.6%	$253.7B
Cost of Revenue	$117.6B	$108.2B-9.2%	$119.2B0.0%	$119.2B-18.0%	$145.4B+57.6%	$92.2B+76.9%	$52.1B-34.9%	$80.1B-15.3%	$94.6B+24.8%	$75.8B+27.7%	$59.3B	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	$427.0M+21.0%	$353.0M+10.3%	$320.0M+19.4%	$268.0M0.0%	$268.0M-38.4%	$435.0M-13.0%	$500.0M+10.4%	$453.0M+4.6%	$433.0M-9.0%	$476.0M-20.8%	$601.0M-15.0%	$707.0M-5.7%	$750.0M+15.7%	$648.0M+3.3%	$627.0M
SG&A Expenses	$5.4B	$5.1B+6.0%	$4.8B+16.7%	$4.1B-4.0%	$4.3B+7.4%	$4.0B-4.7%	$4.2B+1.7%	$4.1B+7.9%	$3.8B-6.6%	$4.1B-4.5%	$4.3B-3.1%	$4.4B-1.1%	$4.5B-0.4%	$4.5B-4.5%	$4.7B-0.4%	$4.7B
Interest Expense	$1.4B	$1.2B+104.9%	$594.0M+26.7%	$469.0M-9.1%	$516.0M-27.5%	$712.0M+2.2%	$697.0M-12.7%	$798.0M+6.7%	$748.0M+143.6%	$307.0M+52.7%	$201.0M	$0	$0	$0	$0	$0
Income Tax	$9.7B	$7.3B-25.6%	$9.8B+19.4%	$8.2B-41.9%	$14.1B+136.4%	$6.0B+414.5%	-$1.9B-170.3%	$2.7B-52.9%	$5.7B+12006.3%	-$48.0M+97.2%	-$1.7B-1409.8%	$132.0M-98.9%	$11.9B-16.9%	$14.3B-28.4%	$20.0B-3.1%	$20.6B
Net Income	$20.6B	$12.3B-30.5%	$17.7B-17.3%	$21.4B-39.7%	$35.5B+127.6%	$15.6B+381.4%	-$5.5B-289.6%	$2.9B-80.3%	$14.8B+61.2%	$9.2B+1950.1%	-$497.0M-110.8%	$4.6B-76.2%	$19.2B-10.2%	$21.4B-18.2%	$26.2B-2.7%	$26.9B
EPS (Diluted)	—	$6.63-31.8%	$9.72-14.4%	$11.36-37.9%	$18.28+124.6%	$8.14+375.0%	-$2.96-292.2%	$1.54-80.1%	$7.74+59.6%	$4.85+1896.3%	-$0.27-111.0%	$2.45-75.8%	$10.14-8.6%	$11.09-16.7%	$13.32-0.9%	$13.44

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$70.1B+44.1%	$48.6B+3.7%	$46.9B-5.7%	$49.7B+10.9%	$44.8B-5.9%	$47.6B-8.8%	$52.2B+3.1%	$50.7B
Cost of Revenue	$36.6B+29.5%	$28.3B+11.5%	$25.3B-7.5%	$27.4B+2.0%	$26.9B-6.1%	$28.6B-5.1%	$30.1B-1.0%	$30.4B
SG&A Expenses	$1.3B+23.3%	$1.1B-28.6%	$1.5B-2.1%	$1.5B+71.4%	$889.0M-27.2%	$1.2B-23.0%	$1.6B+33.1%	$1.2B
Interest Expense	$352.0M+2.0%	$345.0M-4.4%	$361.0M-2.4%	$370.0M+35.0%	$274.0M+29.2%	$212.0M+6.5%	$199.0M+21.3%	$164.0M
Income Tax	$4.5B+170.4%	$1.7B-5.8%	$1.8B-2.6%	$1.8B+10.4%	$1.6B-21.2%	$2.1B-26.0%	$2.8B+40.5%	$2.0B
Net Income	$12.1B+446.2%	$2.2B-20.2%	$2.8B-21.7%	$3.5B+42.1%	$2.5B-28.9%	$3.5B+6.8%	$3.3B-26.9%	$4.5B
EPS (Diluted)	$6.11+450.5%	$1.11	N/A	$1.82+25.5%	$1.45-27.5%	$2.00	N/A	$2.48

Not reported in any period shown, so not listed: Gross Profit, Operating Income.

TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.

CVX Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CVX annual balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$324.0B+26.1%	$256.9B-1.8%	$261.6B+1.5%	$257.7B+7.6%	$239.5B-0.1%	$239.8B+1.0%	$237.4B-6.5%	$253.9B0.0%	$253.8B-2.4%	$260.1B-1.7%	$264.5B-0.6%	$266.0B+4.8%	$253.8B+8.9%	$233.0B+11.2%	$209.5B
Current Assets	$38.6B-5.8%	$40.9B-0.5%	$41.1B-18.3%	$50.3B+49.2%	$33.7B+29.4%	$26.1B-7.9%	$28.3B-16.7%	$34.0B+19.1%	$28.6B-3.6%	$29.6B-14.0%	$34.4B-18.5%	$42.2B-16.0%	$50.3B-9.8%	$55.7B+4.7%	$53.2B
Cash & Equivalents	$7.3B-11.8%	$8.3B+1.0%	$8.2B-53.7%	$17.7B+213.4%	$5.6B+0.8%	$5.6B-19.0%	$6.9B-26.0%	$9.3B+94.1%	$4.8B-31.1%	$7.0B-36.6%	$11.0B-13.8%	$12.8B-21.3%	$16.2B-22.4%	$20.9B+32.0%	$15.9B
Inventory	$9.7B+7.0%	$9.1B+5.4%	$8.6B+4.4%	$8.2B+21.4%	$6.8B+19.7%	$5.7B-2.9%	$5.8B+2.5%	$5.7B+2.1%	$5.6B+3.1%	$5.4B-14.4%	$6.3B-2.6%	$6.5B+2.0%	$6.4B+3.8%	$6.1B+10.8%	$5.5B
Accounts Receivable	$16.0B-12.8%	$18.3B+4.0%	$17.6B-3.1%	$18.2B+11.0%	$16.4B+72.6%	$9.5B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$4.6B-0.2%	$4.6B-3.0%	$4.7B0.0%	$4.7B+7.7%	$4.4B-0.4%	$4.4B-1.4%	$4.5B-1.2%	$4.5B-0.3%	$4.5B-1.1%	$4.6B-0.2%	$4.6B-0.1%	$4.6B-1.0%	$4.6B0.0%	$4.6B0.0%	$4.6B
Total Liabilities	$131.8B+27.0%	$103.8B+4.1%	$99.7B+2.3%	$97.5B-2.1%	$99.6B-7.0%	$107.1B+16.1%	$92.2B-6.1%	$98.2B-6.0%	$104.5B-7.8%	$113.4B+2.4%	$110.7B+0.7%	$109.8B+6.3%	$103.3B+8.6%	$95.2B+9.0%	$87.3B
Current Liabilities	$33.4B-13.4%	$38.6B+19.5%	$32.3B-5.7%	$34.2B+27.7%	$26.8B+20.8%	$22.2B-16.4%	$26.5B-2.4%	$27.2B-2.0%	$27.7B-12.7%	$31.8B+24.8%	$25.5B-20.2%	$31.9B-3.3%	$33.0B-3.5%	$34.2B+1.8%	$33.6B
Long-Term Debt	$39.8B+97.6%	$20.1B-0.8%	$20.3B-5.0%	$21.4B-31.3%	$31.1B-27.2%	$42.8B+80.5%	$23.7B-17.5%	$28.7B-14.2%	$33.5B-4.9%	$35.2B+4.9%	$33.5B+40.0%	$24.0B+20.0%	$20.0B+66.8%	$12.0B+23.6%	$9.7B
Total Equity	$186.4B+22.4%	$152.3B-5.4%	$161.0B+1.1%	$159.3B+14.5%	$139.1B+5.6%	$131.7B-8.7%	$144.2B-6.7%	$154.6B+4.3%	$148.1B+1.8%	$145.6B-4.7%	$152.7B-1.5%	$155.0B+4.0%	$149.1B+9.2%	$136.5B+12.5%	$121.4B
Retained Earnings	$205.4B-0.2%	$205.9B+2.9%	$200.0B+5.3%	$190.0B+14.8%	$165.5B+3.2%	$160.4B-8.3%	$174.9B-3.3%	$181.0B+4.0%	$174.1B+0.6%	$173.0B-4.7%	$181.6B-1.8%	$185.0B+6.5%	$173.7B+8.7%	$159.7B+13.8%	$140.4B

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$330.1B+0.2%	$329.6B+1.7%	$324.0B-0.8%	$326.5B+30.2%	$250.8B-2.2%	$256.4B-0.2%	$256.9B-0.9%	$259.2B
Current Assets	$49.1B+6.4%	$46.2B+19.7%	$38.6B-5.7%	$40.9B+17.8%	$34.7B-10.1%	$38.6B-5.7%	$40.9B+7.1%	$38.2B
Cash & Equivalents	$9.6B+51.7%	$6.3B-13.3%	$7.3B-17.1%	$8.8B+63.4%	$5.4B-12.8%	$6.2B-25.4%	$8.3B+43.3%	$5.8B
Inventory	$10.5B-0.3%	$10.6B+8.7%	$9.7B-6.9%	$10.4B+18.4%	$8.8B-3.9%	$9.2B+1.0%	$9.1B-6.7%	$9.7B
Accounts Receivable	$22.0B-0.9%	$22.2B+38.9%	$16.0B-0.1%	$16.0B+1.9%	$15.7B-8.7%	$17.2B-6.2%	$18.3B+6.0%	$17.3B
Goodwill	$4.6B0.0%	$4.6B0.0%	$4.6B0.0%	$4.6B0.0%	$4.6B0.0%	$4.6B-0.2%	$4.6B-3.0%	$4.7B
Total Liabilities	$134.6B-4.0%	$140.2B+6.3%	$131.8B+0.7%	$130.9B+26.4%	$103.6B-2.6%	$106.3B+2.4%	$103.8B+1.5%	$102.2B
Current Liabilities	$39.2B-7.0%	$42.2B+26.3%	$33.4B-5.9%	$35.5B+1.9%	$34.8B-2.5%	$35.7B-7.4%	$38.6B+8.0%	$35.7B
Long-Term Debt	N/A	N/A	$39.8B	N/A	N/A	N/A	$20.1B	N/A
Total Equity	$189.9B+3.4%	$183.7B-1.5%	$186.4B-1.8%	$189.8B+29.7%	$146.4B-1.9%	$149.2B-2.0%	$152.3B-2.5%	$156.2B
Retained Earnings	$212.6B+4.2%	$204.0B-0.6%	$205.4B-0.3%	$206.0B0.0%	$205.9B-0.2%	$206.4B+0.2%	$205.9B+0.2%	$205.5B

CVX Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

CVX annual cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$45.3B	$33.9B+7.8%	$31.5B-11.6%	$35.6B-28.2%	$49.6B+69.9%	$29.2B+175.9%	$10.6B-61.3%	$27.3B-10.8%	$30.6B+50.5%	$20.3B+60.3%	$12.7B-34.8%	$19.5B-38.2%	$31.5B-10.1%	$35.0B-9.8%	$38.8B-5.6%	$41.1B
Capital Expenditures	$18.3B	$17.3B+5.5%	$16.4B+3.9%	$15.8B+32.2%	$12.0B+48.6%	$8.1B-9.7%	$8.9B-36.8%	$14.1B+2.3%	$13.8B+2.9%	$13.4B-26.0%	$18.1B-38.6%	$29.5B-16.7%	$35.4B-6.8%	$38.0B+22.8%	$30.9B+16.7%	$26.5B
Free Cash Flow	$27.0B	$16.6B+10.3%	$15.0B-23.9%	$19.8B-47.4%	$37.6B+78.1%	$21.1B+1176.8%	$1.7B-87.5%	$13.2B-21.6%	$16.8B+142.7%	$6.9B+228.0%	-$5.4B+46.1%	-$10.0B-155.5%	-$3.9B-31.8%	-$3.0B-137.9%	$7.9B-46.1%	$14.6B
Investing Cash Flow	-$14.1B	-$15.9B-78.1%	-$8.9B+41.3%	-$15.2B-25.8%	-$12.1B-106.4%	-$5.9B+15.8%	-$7.0B+39.2%	-$11.5B+6.8%	-$12.3B-47.7%	-$8.3B+49.2%	-$16.4B+31.2%	-$23.8B+20.4%	-$29.9B+16.1%	-$35.6B-43.6%	-$24.8B+9.8%	-$27.5B
Financing Cash Flow	-$27.0B	-$19.1B+18.8%	-$23.5B+22.0%	-$30.1B-20.5%	-$25.0B-8.1%	-$23.1B-518.7%	-$3.7B+81.1%	-$19.8B-44.2%	-$13.7B+5.9%	-$14.6B-58316.0%	$25.0M-99.1%	$2.8B+156.3%	-$5.0B-30.8%	-$3.8B+57.4%	-$9.0B+23.7%	-$11.8B
Dividends Paid	$13.9B	$12.8B+8.1%	$11.8B+4.1%	$11.3B+3.4%	$11.0B+7.8%	$10.2B+5.5%	$9.7B+7.7%	$9.0B+5.4%	$8.5B+4.5%	$8.1B+1.2%	$8.0B+0.5%	$8.0B+0.8%	$7.9B+6.1%	$7.5B+9.2%	$6.8B+11.5%	$6.1B
Share Buybacks	$11.1B	$12.1B-20.7%	$15.2B+1.9%	$14.9B+32.7%	$11.3B+713.8%	$1.4B-21.3%	$1.8B-56.5%	$4.0B+130.7%	$1.8B+175000.0%	$1.0M-50.0%	$2.0M0.0%	$2.0M-100.0%	$5.0B0.0%	$5.0B0.0%	$5.0B+17.4%	$4.3B

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$22.6B+800.3%	$2.5B-76.7%	$10.8B+15.0%	$9.4B+9.4%	$8.6B+65.3%	$5.2B-40.3%	$8.7B-10.1%	$9.7B
Capital Expenditures	$4.5B+11.7%	$4.1B-22.8%	$5.3B+18.5%	$4.4B+19.7%	$3.7B-5.5%	$3.9B-9.5%	$4.3B+7.0%	$4.1B
Free Cash Flow	$18.1B+1268.2%	-$1.5B-128.0%	$5.5B+11.8%	$4.9B+1.6%	$4.9B+285.4%	$1.3B-71.0%	$4.4B-22.5%	$5.6B
Investing Cash Flow	-$4.3B-41.2%	-$3.0B+38.9%	-$4.9B-155.7%	-$1.9B+43.8%	-$3.4B+38.9%	-$5.6B-310.4%	$2.7B+172.2%	-$3.7B
Financing Cash Flow	-$15.1B-3269.4%	-$448.0M+93.9%	-$7.4B-82.4%	-$4.0B+32.5%	-$6.0B-259.7%	-$1.7B+81.1%	-$8.8B-66.9%	-$5.3B
Dividends Paid	$3.5B-0.6%	$3.5B+3.6%	$3.4B-0.7%	$3.4B+16.9%	$2.9B-1.7%	$3.0B+3.4%	$2.9B-1.6%	$2.9B
Share Buybacks	$3.0B+16.8%	$2.6B-14.2%	$3.0B+16.8%	$2.6B-1.2%	$2.6B-33.7%	$3.9B-13.0%	$4.5B-5.3%	$4.8B

CVX Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

CVX annual financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Net Margin	6.5%-2.2pp	8.7%-1.9pp	10.7%-3.8pp	14.4%+4.8pp	9.6%+15.4pp	-5.9%-7.8pp	2.0%-6.9pp	8.9%+2.4pp	6.5%+6.9pp	-0.4%-3.7pp	3.3%-5.8pp	9.1%-0.3pp	9.4%-1.5pp	10.8%+0.2pp	10.6%
Return on Equity	6.6%-5.0pp	11.6%-1.7pp	13.3%-9.0pp	22.3%+11.1pp	11.2%+15.4pp	-4.2%-6.2pp	2.0%-7.6pp	9.6%+3.4pp	6.2%+6.6pp	-0.3%-3.3pp	3.0%-9.4pp	12.4%-2.0pp	14.4%-4.8pp	19.2%-3.0pp	22.2%
Return on Assets	3.8%-3.1pp	6.9%-1.3pp	8.2%-5.6pp	13.8%+7.3pp	6.5%+8.8pp	-2.3%-3.5pp	1.2%-4.6pp	5.8%+2.2pp	3.6%+3.8pp	-0.2%-1.9pp	1.7%-5.5pp	7.2%-1.2pp	8.4%-2.8pp	11.2%-1.6pp	12.8%
Current Ratio	1.15+0.1x	1.06-0.2x	1.27-0.2x	1.47+0.2x	1.26+0.1x	1.18+0.1x	1.07-0.2x	1.25+0.2x	1.03+0.1x	0.93-0.4x	1.350.0x	1.32-0.2x	1.52-0.1x	1.630.0x	1.58
Debt-to-Equity	0.21+0.1x	0.130.0x	0.130.0x	0.13-0.1x	0.22-0.1x	0.32+0.2x	0.160.0x	0.190.0x	0.230.0x	0.240.0x	0.22+0.1x	0.150.0x	0.130.0x	0.090.0x	0.08
FCF Margin	8.8%+1.4pp	7.4%-2.4pp	9.8%-5.4pp	15.3%+2.3pp	13.0%+11.3pp	1.8%-7.3pp	9.0%-1.1pp	10.1%+5.2pp	4.9%+9.6pp	-4.7%+2.5pp	-7.3%-5.4pp	-1.8%-0.5pp	-1.3%-4.5pp	3.3%-2.5pp	5.8%

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Net Margin	17.2%+12.7pp	4.5%-1.4pp	5.9%-1.2pp	7.1%+1.6pp	5.6%-1.8pp	7.3%+1.1pp	6.3%-2.6pp	8.9%
Return on Equity	6.4%+5.2pp	1.2%-0.3pp	1.5%-0.4pp	1.9%+0.2pp	1.7%-0.6pp	2.4%+0.2pp	2.1%-0.7pp	2.9%
Return on Assets	3.7%+3.0pp	0.7%-0.2pp	0.9%-0.2pp	1.1%+0.1pp	1.0%-0.4pp	1.4%+0.1pp	1.3%-0.4pp	1.7%
Current Ratio	1.25+0.2x	1.09-0.1x	1.150.0x	1.15+0.2x	1.00-0.1x	1.080.0x	1.060.0x	1.07
Debt-to-Equity	0.71-0.1x	0.76+0.5x	0.21-0.5x	0.690.0x	0.710.0x	0.71+0.6x	0.13-0.5x	0.65
FCF Margin	25.8%+29.0pp	-3.2%-15.0pp	11.8%+1.9pp	9.9%-0.9pp	10.8%+8.2pp	2.6%-5.7pp	8.3%-2.7pp	11.1%

Not reported in any period shown, so not listed: Gross Margin, Operating Margin.

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Where Chevron Corp Ranks

Frequently Asked Questions

What is Chevron Corp's annual revenue?

Chevron Corp (CVX) reported $189.0B in total revenue for fiscal year 2025. This represents a -6.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Chevron Corp's revenue growing?

Chevron Corp (CVX) revenue declined by 6.8% year-over-year, from $202.8B to $189.0B in fiscal year 2025.

Is Chevron Corp profitable?

Yes, Chevron Corp (CVX) reported a net income of $12.3B in fiscal year 2025, with a net profit margin of 6.5%.

How much debt does Chevron Corp have?

As of fiscal year 2025, Chevron Corp (CVX) had $7.3B in cash and equivalents against $39.8B in long-term debt.

What is Chevron Corp's net profit margin?

Chevron Corp (CVX) had a net profit margin of 6.5% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Chevron Corp pay dividends?

Yes, Chevron Corp (CVX) paid $6.84 per share in dividends during fiscal year 2025.

What is Chevron Corp's return on equity (ROE)?

Chevron Corp (CVX) has a return on equity of 6.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Chevron Corp's free cash flow?

Chevron Corp (CVX) generated $16.6B in free cash flow during fiscal year 2025. This represents a 10.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Chevron Corp's operating cash flow?

Chevron Corp (CVX) generated $33.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Chevron Corp's total assets?

Chevron Corp (CVX) had $324.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Chevron Corp's capital expenditures?

Chevron Corp (CVX) invested $17.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Chevron Corp spend on research and development?

Chevron Corp (CVX) invested $427.0M in research and development during fiscal year 2025.

Does Chevron Corp buy back shares?

Yes, Chevron Corp (CVX) spent $12.1B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Chevron Corp have outstanding?

Chevron Corp (CVX) had 2.00B shares outstanding as of fiscal year 2025.

What is Chevron Corp's current ratio?

Chevron Corp (CVX) had a current ratio of 1.15 as of fiscal year 2025, which is considered adequate.

What is Chevron Corp's debt-to-equity ratio?

Chevron Corp (CVX) had a debt-to-equity ratio of 0.21 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Chevron Corp's return on assets (ROA)?

Chevron Corp (CVX) had a return on assets of 3.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Chevron Corp's Piotroski F-Score?

Chevron Corp (CVX) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Chevron Corp's earnings high quality?

Chevron Corp (CVX) has an earnings quality ratio of 2.76x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Chevron Corp?

Chevron Corp (CVX) scores 36 out of 100 on our Financial Health Score, indicating weak standing within its energy companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.