Chevron Corporation (CVX) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 2.51B | 10.75B | 9.23B | 8.58B | 5.19B | 8.7B | 9.67B | 6.29B | 6.83B | 12.43B | 9.67B | 6.3B | 7.21B | 12.5B | 15.27B | 13.78B | 8.05B | 9.46B | 8.58B | 6.95B |
| Operating CF Margin % | 5.29% | 23.48% | 19.17% | 19.33% | 11.26% | 17.99% | 19.77% | 12.7% | 14.66% | 25.41% | 18.63% | 13.34% | 14.75% | 22.92% | 24.04% | 21.08% | 15.4% | 20.62% | 20.16% | 19.25% |
| Operating CF Growth % | -51.55% | 23.63% | -4.54% | 36.24% | -24% | -30.07% | 0.01% | -0.03% | -5.23% | -0.51% | -36.64% | -54.31% | -10.55% | 32.14% | 77.96% | 98.19% | 91.97% | 322.61% | 142.55% | 8592.5% |
| Net Income | 2.29B | 2.77B | 3.54B | 2.52B | 3.51B | 3.26B | 4.49B | 4.44B | 5.5B | 2.24B | 6.55B | 6.01B | 6.61B | 6.38B | 11.24B | 11.71B | 6.28B | 5.08B | 6.12B | 3.09B |
| Depreciation & Amortization | 5.81B | 14.33B | -2.67B | 4.34B | 4.12B | 3.89B | 4.21B | 4B | 4.09B | 3.48B | 4.03B | 3.52B | 3.53B | 4.76B | 4.2B | 3.7B | 3.65B | 3.78B | 4.3B | 4.52B |
| Stock-Based Compensation | 0 | -100K | 100K | 0 | 0 | 0 | -100K | 0 | 0 | 0 | 0 | 0 | 0 | 1.07B | 0 | 800K | 0 | 0 | 0 | 0 |
| Deferred Taxes | -264M | 786M | -309M | 29M | 480M | -305M | 403M | 454M | 688M | -1.05B | -115M | 671M | 790M | 414M | 369M | 715M | 626M | 228M | 658M | 68M |
| Other Non-Cash Items | -799M | -9.09B | 9.31B | 1.44B | -306M | -1.13B | -661.9M | 92M | -855M | 6.53B | -1.34B | -751M | -1.75B | -1.08B | -2.21B | -2.78B | -1.59B | 366M | -1.97B | -522M |
| Working Capital Changes | -4.52B | 2B | -638M | 253M | -2.62B | 2.98B | 1.23B | -2.7B | -2.6B | 1.23B | 548M | -3.15B | -1.96B | 953M | 1.66B | 435M | -907M | -1M | -533M | -208M |
| Change in Receivables | -7.14B | -5.06B | 1.98B | 1.98B | 1.1B | -1.16B | 1.21B | -330M | -606M | 2.19B | -2.19B | -156M | 1.49B | 2.26B | 4.27B | -3.37B | -5.2B | -1.8B | -1.02B | -1.89B |
| Change in Inventory | -843M | -507M | 354M | 354M | -201M | 539M | 752M | -535M | -1.33B | 816M | -185M | 34M | -985M | 1.24B | -1.38B | -567M | -222M | -177M | 118M | -522M |
| Change in Payables | 3.46B | 6.62B | -2.65B | -2.65B | -1.31B | 2.69B | -540M | -119M | 538M | -1.75B | 2.24B | 1.32B | -1.85B | -2.53B | -2.94B | 4.45B | 3.77B | 1.63B | 91M | 2.15B |
| Cash from Investing | -3.01B | -4.93B | -1.95B | -3.43B | -5.61B | 2.67B | -3.7B | -3.95B | -3.95B | -4.07B | -4.41B | -3.94B | -2.81B | -3.71B | -2.77B | -4.96B | -665M | -1.39B | -1.34B | -1.57B |
| Capital Expenditures | -4.06B | -5.15B | -4.56B | -3.71B | -3.87B | -4.34B | -4.05B | -3.9B | -3.89B | -4.36B | -4.67B | -3.76B | -3.04B | -3.83B | -3B | -3.18B | -1.96B | -2.61B | -1.77B | -1.72B |
| CapEx % of Revenue | 8.54% | 11.24% | 9.47% | 8.37% | 8.39% | 8.97% | 8.29% | 7.86% | 8.36% | 8.91% | 9% | 7.96% | 6.22% | 7.03% | 4.72% | 4.87% | 3.75% | 5.68% | 4.16% | 4.77% |
| Acquisitions | 0 | -608M | 1.61B | 51M | -1.62B | 72M | 8M | 116M | 111M | 31M | 94M | 186M | 88M | 121M | -7M | -2.31B | 536M | 416M | 217M | 6M |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 979M | -233M | 251M | 229M | 0 | 6.94B | 355M | -2M | 2M | -201M | -6M | -187M | -47M | -33M | 152M | 533M | 759M | 801M | 3M | 145M |
| Cash from Financing | -448M | -7.4B | -4.05B | -5.99B | -1.66B | -8.78B | -5.26B | -4.57B | -4.86B | -6.17B | -8.62B | -8.75B | -6.57B | -6.45B | -9.03B | -8.14B | -1.37B | -8.29B | -8.82B | -4.95B |
| Debt Issued (Net) | 4.64B | -924M | 2.06B | -299M | 5.03B | -1.39B | 2.58B | 1.34B | 1.03B | 35M | -2.39B | -1.6B | -100M | -308M | -2.52B | -3.65B | -2B | -6B | -5.63B | -2.46B |
| Equity Issued (Net) | -1.41B | -2.86B | -2.48B | -2.6B | -3.92B | -4.5B | -4.75B | -2.93B | -2.98B | -3.4B | -3.39B | -4.38B | -3.75B | -3.42B | -3.7B | -1.69B | -1.25B | 283M | -625M | 106M |
| Dividends Paid | -3.53B | -3.4B | -3.43B | -2.93B | -2.98B | -2.89B | -2.93B | -2.98B | -3B | -2.81B | -2.85B | -2.82B | -2.86B | -2.71B | -2.74B | -2.77B | -2.75B | -2.57B | -2.57B | -2.57B |
| Share Repurchases | -2.57B | -2.77B | -2.57B | -2.6B | -3.92B | -4.6B | -4.75B | -3B | -2.98B | -3.42B | -3.39B | -4.38B | -3.75B | -3.75B | -3.75B | -2.5B | -1.25B | -750M | -625M | -2M |
| Other Financing | -152M | -182M | -194M | -154M | 207M | -9M | -163M | -4M | 91M | 4M | 15M | 41M | 137M | -11M | -67M | -31M | 4.64B | -2M | -1M | -15M |
| Net Change in Cash | -1.14B | -1.68B | 3.43B | -791M | -2.1B | 2.5B | 799M | -2.25B | -2.06B | 2.27B | -3.39B | -6.5B | -2.22B | 2.42B | 3.34B | 550M | 6.01B | -230M | -1.66B | 424M |
| Free Cash Flow | -1.55B | 5.38B | 4.67B | 4.86B | 1.32B | 4.36B | 5.62B | 2.4B | 2.94B | 8.07B | 5B | 2.54B | 4.17B | 8.66B | 12.27B | 10.6B | 6.09B | 6.85B | 6.81B | 5.16B |
| FCF Margin % | -3.26% | 11.76% | 9.7% | 10.96% | 2.87% | 9.01% | 11.48% | 4.84% | 6.3% | 16.5% | 9.63% | 5.38% | 8.53% | 15.89% | 19.32% | 16.21% | 11.65% | 14.94% | 16% | 14.28% |
| FCF Growth % | -217.17% | 23.55% | -16.84% | 102.92% | -54.97% | -46.03% | 12.38% | -5.63% | -29.54% | -6.81% | -59.26% | -76.03% | -31.63% | 26.43% | 80.21% | 105.51% | 148.78% | 3907.02% | 257.11% | 356.31% |
| FCF per Share | -0.78 | 2.70 | 2.40 | 2.82 | 0.75 | 2.45 | 3.11 | 1.31 | 1.59 | 4.32 | 2.66 | 1.35 | 2.19 | 4.51 | 6.33 | 5.42 | 3.13 | 3.56 | 3.54 | 2.68 |
| FCF Conversion (FCF/Net Income) | 1.14x | 3.88x | 2.61x | 3.44x | 1.48x | 2.68x | 2.16x | 1.42x | 1.24x | 5.50x | 1.48x | 1.05x | 1.10x | 1.97x | 1.36x | 1.19x | 1.29x | 1.87x | 1.40x | 2.26x |
| Interest Paid | 292M | -573M | 163M | 286M | 124M | 261M | 88M | 182M | 56M | 173M | 60M | 179M | 53M | 205M | 58M | 215M | 47M | 272M | 72M | 285M |
| Taxes Paid | 1.51B | -5.52B | 1.39B | 1.58B | 2.55B | 1.87B | 1.85B | 3.31B | 1.43B | 2.23B | 1.57B | 4.79B | 1.83B | 2.4B | 2.34B | 3.34B | 1.07B | 1.41B | 1B | 1.31B |