CVX · Chevron Corp - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · CVX

1Y 3Y 5Y Max

Annual Quarterly

Income Statement

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$189.03B	$202.79B	$200.95B	$246.25B	$162.47B	$94.69B
Cost of Revenue	$108.21B	$119.21B	$119.20B	$145.42B	$89.37B	$50.49B
Gross Profit	$80.82B	$83.59B	$81.75B	$100.84B	$73.09B	$44.20B
R&D	$427.00M	$353.00M	$320.00M	$268.00M	$268.00M	$435.00M
SG&A	$5.13B	$4.83B	$4.14B	$4.31B	$4.01B	$4.21B
Total Operating Expenses	$169.29B	$175.29B	$171.37B	$196.58B	$140.83B	$102.14B
D&A	$20.13B	$17.28B	$17.33B	$16.32B	$17.93B	$19.51B
Operating Income	$19.74B	$27.51B	$29.58B	$49.67B	$21.64B	($7.45B)
Interest Expense	$1.22B	$594.00M	$469.00M	$516.00M	$712.00M	$697.00M
Income Tax	$7.26B	$9.76B	$8.17B	$14.07B	$5.95B	($1.89B)
Net Income	$12.30B	$17.66B	$21.37B	$35.47B	$15.63B	($5.54B)
EPS - Basic	$6.65	$9.76	$11.41	$18.36	$8.15	($2.96)
EPS - Diluted	$6.63	$9.72	$11.36	$18.28	$8.14	($2.96)

Balance Sheet

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Cash & Equivalents	$7.29B	$8.26B	$8.18B	$17.68B	$6.79B	$6.74B
Accounts Receivable	$15.99B	$18.34B	$17.64B	$18.20B	$16.40B	$9.50B
Inventory	$9.71B	$9.07B	$8.61B	$8.25B	$6.30B	$5.68B
Accounts Payable	$19.28B	$22.08B	$20.42B	$18.95B	$16.45B	$10.95B
Current Assets	$38.55B	$40.91B	$41.13B	$50.34B	$33.74B	$26.08B
Total Assets	$324.01B	$256.94B	$261.63B	$257.71B	$239.53B	$239.79B
Current Liabilities	$33.39B	$38.56B	$32.26B	$34.21B	$26.79B	$22.18B
Long-term Debt	-	-	-	-	$25.68B	$25.68B
Total Liabilities	$131.84B	$103.78B	$99.70B	$97.47B	$99.59B	$107.06B
Stockholders' Equity	$186.45B	$152.32B	$160.96B	$159.28B	$139.07B	$131.69B
Retained Earnings	$205.37B	$205.85B	$200.03B	$190.02B	$165.55B	$160.38B

Cash Flow

Line item	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Operating Cash Flow	$33.94B	$31.49B	$35.61B	$49.60B	$29.19B	$10.58B
Investing Cash Flow	($15.91B)	($8.94B)	($15.23B)	($12.11B)	($5.87B)	($6.96B)
Financing Cash Flow	($19.06B)	($23.47B)	($30.11B)	($24.98B)	($23.11B)	($3.74B)
CapEx	$17.35B	$16.45B	$15.83B	$11.97B	$8.06B	$8.92B
Free Cash Flow	$16.59B	$15.04B	$19.78B	$37.63B	$21.13B	$1.66B

Ratios

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Profitability
Gross margin	42.8%	41.2%	40.7%	40.9%	45.0%	46.7%
Operating margin	10.4%	13.6%	14.7%	20.2%	13.3%	-7.9%
EBITDA margin	21.1%	22.1%	23.3%	26.8%	24.4%	12.7%
Net margin	6.5%	8.7%	10.6%	14.4%	9.6%	-5.9%
Free cash flow margin	8.8%	7.4%	9.8%	15.3%	13.0%	1.7%
FCF / Net income	1.35	0.85	0.93	1.06	1.35	-0.30
R&D / Revenue	0.2%	0.2%	0.2%	0.1%	0.2%	0.5%
SG&A / Revenue	2.7%	2.4%	2.1%	1.8%	2.5%	4.4%
Effective tax rate	37.1%	35.6%	27.7%	28.4%	27.6%	-
Return on assets	3.8%	6.9%	8.2%	13.8%	6.5%	-2.3%
Return on equity	6.6%	11.6%	13.3%	22.3%	11.2%	-4.2%
Return on invested capital	-	-	-	-	9.5%	-3.7%
Liquidity
Current ratio	1.15	1.06	1.27	1.47	1.26	1.18
Quick ratio	0.86	0.83	1.01	1.23	1.02	0.92
Cash ratio	0.22	0.21	0.25	0.52	0.25	0.30
Leverage
Debt / Equity	-	-	-	-	0.18	0.19
Debt / Assets	-	-	-	-	0.11	0.11
Debt / EBITDA	-	-	-	-	0.65	2.13
Interest coverage	16.2x	46.3x	63.1x	96.3x	30.4x	-10.7x
Equity multiplier	1.74	1.69	1.63	1.62	1.72	1.82
Liabilities / Assets	0.41	0.40	0.38	0.38	0.42	0.45
Efficiency
Asset turnover	0.58	0.79	0.77	0.96	0.68	0.39
Inventory turnover	11.14	13.14	13.84	17.63	14.17	8.89
Days sales outstanding	31d	33d	32d	27d	37d	37d
Days inventory outstanding	33d	28d	26d	21d	26d	41d
Days payable outstanding	65d	68d	63d	48d	67d	79d
Cash conversion cycle	-1d	-7d	-4d	0d	-5d	-2d
Valuation
P / E	23.0x	14.9x	13.1x	9.8x	14.4x	-
P / B	1.5x	1.7x	1.7x	2.2x	1.6x	1.2x
P / S	1.5x	1.3x	1.4x	1.4x	1.4x	1.7x
EV / EBITDA	6.9x	5.7x	5.8x	5.0x	6.2x	14.7x
Growth
Revenue growth (YoY)	-6.8%	0.9%	-18.4%	51.6%	71.6%	-35.4%
Revenue CAGR (3y)	-8.4%	7.7%	28.5%	18.9%	-0.8%	-12.6%
Revenue CAGR (5y)	14.8%	6.7%	3.9%	11.7%	7.3%	-7.3%
Gross profit growth (YoY)	-3.3%	2.2%	-18.9%	38.0%	65.4%	-33.4%
Operating income growth (YoY)	-28.2%	-7.0%	-40.4%	129.6%	-	-
Net income growth (YoY)	-30.4%	-17.4%	-39.7%	127.0%	-	-
EPS growth (YoY)	-31.8%	-14.4%	-37.9%	124.6%	-	-
EPS CAGR (3y)	-28.7%	6.1%	-	128.1%	1.7%	-
EPS CAGR (5y)	-	44.6%	8.0%	30.4%	-	-
FCF growth (YoY)	10.3%	-23.9%	-47.4%	78.1%	1176.8%	-87.5%
FCF CAGR (5y)	58.6%	2.7%	3.3%	39.5%	-	-
Book value growth (YoY)	22.4%	-5.4%	1.1%	14.5%	5.6%	-8.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$231.37B total

Reportable Segment Aggregation Before Other Operating Segment$230.79B · 99.7%

All Other Segments$581.00M · 0.3%

Geographic

$88.38B total

US$45.52B · 51.5%

Non Us$42.86B · 48.5%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

1.91

Grey zone

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

5/9

Neutral

✓Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
-Long-term debt decreased
✓Current ratio improved
✗No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Petroleum Refining

Company	Revenue (last FY)	Net margin	ROE
COP	$58.94B	13.6%	12.4%
PBF	$29.33B	-0.5%	-3.0%
MPC	$132.70B	3.0%	23.4%
PSX	$132.38B	3.3%	15.1%
DK	$10.72B	-0.2%	-4.2%

Comparing CHEVRON CORP against the 5 most active filers in the same SIC group.

Dividends

$6.98/share trailing 12 months · +4.5% YoY

Ex-date	Per share
May 19, 2026	$1.7800
Feb 17, 2026	$1.7800
Nov 18, 2025	$1.7100
Aug 19, 2025	$1.7100
May 19, 2025	$1.7100
Feb 14, 2025	$1.7100
Nov 18, 2024	$1.6300
Aug 19, 2024	$1.6300
May 16, 2024	$1.6300
Feb 15, 2024	$1.6300
Nov 16, 2023	$1.5100
Aug 17, 2023	$1.5100
May 18, 2023	$1.5100
Feb 15, 2023	$1.5100
Nov 17, 2022	$1.4200
Aug 18, 2022	$1.4200
May 18, 2022	$1.4200
Feb 15, 2022	$1.4200
Nov 17, 2021	$1.3400
Aug 18, 2021	$1.3400
May 18, 2021	$1.3400
Feb 16, 2021	$1.2900
Nov 17, 2020	$1.2900
Aug 18, 2020	$1.2900