Chevron Corporation (CVX) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 47.56B | 45.79B | 48.17B | 44.38B | 46.1B | 48.33B | 48.93B | 49.57B | 46.58B | 48.93B | 51.92B | 47.22B | 48.84B | 54.52B | 63.51B | 65.37B | 52.31B | 45.86B | 42.55B | 36.12B |
| Revenue Growth % | 3.16% | -5.27% | -1.55% | -10.49% | -1.03% | -1.22% | -5.77% | 4.99% | -4.63% | -10.25% | -18.24% | -27.77% | -6.64% | 18.89% | 49.25% | 81% | 68.34% | 84.6% | 77.32% | 126.78% |
| Cost of Goods Sold | 43B | 31.23B | 33.18B | 31.2B | 32.73B | 35.12B | 34.66B | 34.87B | 31.83B | 34.73B | 36.35B | 32.51B | 32.93B | 39.44B | 42.95B | 44.38B | 37.06B | 32.15B | 28.14B | 25.15B |
| COGS % of Revenue | 90.42% | 68.21% | 68.88% | 70.31% | 71% | 72.66% | 70.85% | 70.34% | 68.34% | 70.98% | 70.01% | 68.84% | 67.43% | 72.33% | 67.63% | 67.89% | 70.85% | 70.11% | 66.13% | 69.64% |
| Gross Profit | 4.55B | 14.55B | 14.99B | 13.17B | 13.37B | 13.21B | 14.26B | 14.7B | 14.75B | 14.2B | 15.57B | 14.71B | 15.91B | 15.09B | 20.56B | 20.99B | 15.25B | 13.71B | 14.41B | 10.97B |
| Gross Margin % | 9.58% | 31.79% | 31.12% | 29.69% | 29% | 27.34% | 29.15% | 29.66% | 31.66% | 29.02% | 29.99% | 31.16% | 32.57% | 27.67% | 32.37% | 32.11% | 29.15% | 29.89% | 33.87% | 30.36% |
| Gross Profit Growth % | -65.93% | 10.16% | 5.1% | -10.41% | -9.36% | -6.96% | -8.39% | -0.05% | -7.3% | -5.85% | -24.26% | -29.91% | 4.33% | 10.05% | 42.61% | 91.39% | 65.35% | 96.66% | 120.67% | 929.67% |
| Operating Expenses | 1.31B | 10.53B | 10.69B | 9.12B | 9.07B | 10.8B | 9.3B | 9.11B | 8.8B | 8.79B | 6.51B | 8.39B | 8.19B | 7.07B | 8.55B | 8.26B | 8.05B | 8.75B | 8.24B | 7.67B |
| OpEx % of Revenue | 2.76% | 23% | 22.2% | 20.54% | 19.68% | 22.34% | 19.01% | 18.38% | 18.88% | 17.97% | 12.54% | 17.78% | 16.76% | 12.96% | 13.46% | 12.63% | 15.4% | 19.08% | 19.37% | 21.25% |
| Selling, General & Admin | 205M | 1.49B | 1.52B | 889M | 1.22B | 1.58B | 1.19B | 1.05B | 1.01B | 969M | 1.16B | 1.13B | 881M | 1.45B | 1.03B | 863M | 967M | 1.27B | 657M | 1.1B |
| SG&A % of Revenue | 0.43% | 3.26% | 3.16% | 2% | 2.65% | 3.28% | 2.43% | 2.11% | 2.17% | 1.98% | 2.24% | 2.39% | 1.8% | 2.67% | 1.62% | 1.32% | 1.85% | 2.77% | 1.54% | 3.03% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 320M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | 0.65% | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 3.24B | 4.02B | 4.3B | 4.06B | 4.3B | 2.42B | 4.96B | 5.59B | 5.95B | 5.41B | 9.06B | 6.32B | 7.72B | 8.02B | 12.01B | 12.73B | 7.2B | 4.96B | 6.17B | 3.29B |
| Operating Margin % | 6.81% | 8.79% | 8.92% | 9.14% | 9.32% | 5% | 10.14% | 11.28% | 12.78% | 11.05% | 17.45% | 13.38% | 15.81% | 14.7% | 18.91% | 19.47% | 13.75% | 10.81% | 14.5% | 9.11% |
| Operating Income Growth % | -24.6% | 66.51% | -13.35% | -27.42% | -27.81% | -55.32% | -45.26% | -11.49% | -22.91% | -32.56% | -24.56% | -50.38% | 7.31% | 61.7% | 94.6% | 286.66% | 309.04% | 808.29% | 5609.82% | 141.7% |
| EBITDA | 9.05B | 9.99B | 10.15B | 8.47B | 8.53B | 7.59B | 9.19B | 9.78B | 10.07B | 9.01B | 13.26B | 9.88B | 11.35B | 11.5B | 16.23B | 16.53B | 10.98B | 8.8B | 10.51B | 7.83B |
| EBITDA Margin % | 19.03% | 21.81% | 21.06% | 19.08% | 18.51% | 15.71% | 18.78% | 19.72% | 21.62% | 18.41% | 25.53% | 20.91% | 23.24% | 21.1% | 25.56% | 25.28% | 21% | 19.2% | 24.7% | 21.68% |
| EBITDA Growth % | 6.05% | 31.53% | 10.41% | -13.39% | -15.28% | -15.72% | -30.68% | -1.01% | -11.28% | -21.67% | -18.33% | -40.25% | 3.35% | 30.65% | 54.42% | 111.11% | 81.58% | 1315.43% | 168.96% | 2149.48% |
| D&A (Non-Cash Add-back) | 5.81B | 5.96B | 5.85B | 4.41B | 4.24B | 5.18B | 4.23B | 4.18B | 4.12B | 3.6B | 4.2B | 3.56B | 3.63B | 3.48B | 4.22B | 3.8B | 3.79B | 3.85B | 4.34B | 4.54B |
| EBIT | 4.29B | 4.96B | 5.78B | 4.42B | 5.79B | 6.26B | 6.65B | 7.15B | 8.04B | 3.61B | 8.85B | 7.96B | 9.63B | 9.93B | 14.94B | 16.13B | 9.19B | 7.14B | 8.23B | 4.61B |
| Net Interest Income | -345M | -361M | -370M | -274M | -212M | -199M | -164M | -113M | -118M | -120M | -114M | -120M | -115M | -123M | -128M | -129M | -136M | -155M | -174M | -185M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 345M | 361M | 370M | 274M | 212M | 199M | 164M | 113M | 118M | 120M | 114M | 120M | 115M | 123M | 128M | 129M | 136M | 155M | 174M | 185M |
| Other Income/Expense | 706M | 576M | 1.12B | 90M | 1.29B | 3.64B | 1.53B | 1.45B | 1.97B | -1.92B | -321M | 1.52B | 1.8B | 1.79B | 2.8B | 3.27B | 1.86B | 2.03B | 1.88B | 1.13B |
| Pretax Income | 3.95B | 4.6B | 5.41B | 4.15B | 5.58B | 6.06B | 6.49B | 7.04B | 7.92B | 3.49B | 8.74B | 7.84B | 9.52B | 9.81B | 14.81B | 16B | 9.05B | 6.99B | 8.05B | 4.42B |
| Pretax Margin % | 8.3% | 10.04% | 11.24% | 9.35% | 12.11% | 12.54% | 13.26% | 14.19% | 17.01% | 7.13% | 16.83% | 16.6% | 19.49% | 17.99% | 23.32% | 24.48% | 17.31% | 15.23% | 18.93% | 12.24% |
| Income Tax | 1.65B | 1.75B | 1.8B | 1.63B | 2.07B | 2.8B | 1.99B | 2.59B | 2.37B | 1.25B | 2.18B | 1.83B | 2.91B | 3.43B | 3.57B | 4.29B | 2.78B | 1.9B | 1.94B | 1.33B |
| Effective Tax Rate % | 41.89% | 38.14% | 33.27% | 39.35% | 37.09% | 46.21% | 30.71% | 36.85% | 29.93% | 35.73% | 24.98% | 23.34% | 30.61% | 34.97% | 24.11% | 26.79% | 30.67% | 27.24% | 24.08% | 30.03% |
| Net Income | 2.21B | 2.77B | 3.54B | 2.49B | 3.5B | 3.24B | 4.49B | 4.43B | 5.5B | 2.26B | 6.53B | 6.01B | 6.57B | 6.35B | 11.23B | 11.62B | 6.26B | 5.05B | 6.11B | 3.08B |
| Net Margin % | 4.65% | 6.05% | 7.35% | 5.61% | 7.59% | 6.7% | 9.17% | 8.94% | 11.81% | 4.62% | 12.57% | 12.73% | 13.46% | 11.65% | 17.68% | 17.78% | 11.96% | 11.02% | 14.36% | 8.53% |
| Net Income Growth % | -36.86% | -14.48% | -21.13% | -43.84% | -36.38% | 43.38% | -31.24% | -26.22% | -16.32% | -64.44% | -41.89% | -48.29% | 5.03% | 25.68% | 83.78% | 277.09% | 354.54% | 860.15% | 3052.17% | 137.27% |
| Net Income (Continuing) | 2.29B | 2.85B | 3.61B | 2.52B | 3.51B | 3.26B | 4.5B | 4.44B | 5.55B | 2.24B | 6.55B | 6.01B | 6.61B | 6.38B | 11.24B | 11.71B | 6.28B | 5.08B | 6.12B | 3.09B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 5.66B | 5.73B | 5.76B | 841M | 836M | 839M | 828M | 1.03B | 1.03B | 972M | 983M | 973M | 985M | 960M | 947M | 1.01B | 881M | 873M | 860M | 729M |
| EPS (Diluted) | 1.11 | 1.39 | 1.82 | 1.45 | 2.00 | 1.84 | 2.48 | 2.43 | 2.97 | 1.22 | 3.48 | 3.20 | 3.46 | 3.33 | 5.78 | 5.95 | 3.22 | 2.63 | 3.19 | 1.60 |
| EPS Growth % | -44.5% | -24.46% | -26.61% | -40.33% | -32.66% | 50.82% | -28.74% | -24.06% | -14.16% | -63.36% | -39.79% | -46.22% | 7.45% | 26.62% | 81.19% | 271.88% | 347.22% | 896.97% | 2758.33% | 136.04% |
| EPS (Basic) | 1.12 | 1.39 | 1.83 | 1.45 | 2.01 | 1.85 | 2.49 | 2.43 | 2.99 | 1.23 | 3.48 | 3.22 | 3.48 | 3.34 | 5.81 | 5.98 | 3.23 | 2.63 | 3.19 | 1.61 |
| Diluted Shares Outstanding | 1.99B | 2B | 1.95B | 1.72B | 1.75B | 1.78B | 1.81B | 1.83B | 1.85B | 1.87B | 1.88B | 1.88B | 1.9B | 1.92B | 1.94B | 1.96B | 1.94B | 1.92B | 1.92B | 1.92B |
| Basic Shares Outstanding | 1.98B | 1.99B | 1.94B | 1.72B | 1.74B | 1.77B | 1.8B | 1.83B | 1.84B | 1.86B | 1.87B | 1.87B | 1.89B | 1.91B | 1.93B | 1.95B | 1.94B | 1.92B | 1.92B | 1.92B |
| Dividend Payout Ratio | 159.55% | 122.89% | 96.89% | 117.83% | 85.26% | 89.13% | 65.37% | 67.16% | 54.59% | 124.35% | 43.7% | 46.89% | 43.46% | 42.7% | 24.42% | 23.8% | 43.87% | 50.78% | 42.07% | 83.48% |