CHEVRON CORP
CHEVRON CORP
CHEVRON CORP (CVX) — SEC Financial Statements & Analysis
CHEVRON CORP (CVX) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | - | - | - | - | - | - | - | 4,008 | 6,278 | 8,178 | 5,797 | 9,292 | |||||
Time Deposits At Carrying Value | 4 | 4 | 2 | 5 | 5 | - | 4 | - | - | - | - | - | |||||
Marketable Securities Current | - | - | - | - | - | 0 | 0 | 0 | 0 | 45 | 141 | 318 | |||||
Accounts Notes And Loans Receivable Net Current | 25,256 | 18,075 | 17,887 | 17,663 | 19,560 | 20,684 | 19,591 | 20,752 | 20,414 | 19,921 | 21,993 | 19,285 | |||||
Inventory Net | |||||||||||||||||
Inventory Finished Goods And Work In Process | 7,468 | 6,640 | 7,416 | 6,275 | 6,600 | 6,490 | 6,767 | 7,662 | 7,212 | 6,059 | 6,665 | 6,398 | |||||
Energy Related Inventory Chemicals | 520 | 571 | 509 | 517 | 471 | 502 | 479 | 426 | 411 | 406 | 455 | 516 | |||||
Other Inventory Supplies | 2,566 | 2,500 | 2,511 | 2,021 | 2,096 | 2,082 | 2,479 | 2,389 | 2,319 | 2,147 | 2,308 | 2,284 | |||||
Inventory Net | 10,554 | 9,711 | 10,436 | 8,813 | 9,167 | 9,074 | 9,725 | 10,477 | 9,942 | 8,612 | 9,428 | 9,198 | |||||
Prepaid Expense Current | 5,023 | 4,469 | 4,816 | 4,149 | 5,204 | 4,368 | 4,168 | 4,132 | 3,874 | 4,372 | 4,373 | 4,697 | |||||
Assets Current | 46,160 | 38,552 | 40,866 | 34,691 | 38,574 | 40,911 | 38,187 | 39,369 | 40,508 | 41,128 | 41,732 | 42,790 | |||||
Accounts Receivable Excluding Accrued Interest Aft… | 976 | 1,035 | 987 | 914 | 942 | 877 | 942 | 974 | 968 | 942 | 1,055 | 940 | |||||
Investments In Affiliates Subsidiaries Associates … | 43,227 | 43,867 | 44,398 | 48,033 | 49,150 | 47,438 | 47,476 | 47,654 | 47,650 | 46,812 | 48,123 | 46,769 | |||||
Property Plant And Equipment And Finance Lease Rig… | 438,923 | 434,955 | 429,269 | 352,035 | 348,820 | 345,933 | 343,450 | 349,859 | 350,501 | 346,081 | 342,522 | 327,084 | |||||
Property Plant And Equipment And Finance Lease Rig… | 220,774 | 215,226 | 209,775 | 204,593 | 200,696 | 198,134 | 195,559 | 196,856 | 196,860 | 192,462 | 188,550 | 184,316 | |||||
Property Plant And Equipment And Finance Lease Rig… | 218,149 | 219,729 | 219,494 | 147,442 | 148,124 | 147,799 | 147,891 | 153,003 | 153,641 | 153,619 | 153,972 | 142,768 | |||||
Other Assets Noncurrent | 16,453 | 16,236 | 16,162 | 15,144 | 15,011 | 14,854 | 14,039 | 13,913 | 13,582 | 13,734 | 13,672 | 12,820 | |||||
Goodwill | 4,568 | 4,568 | 4,568 | 4,568 | 4,568 | 4,578 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | 4,722 | |||||
Disposal Group Including Discontinued Operation Pr… | 18 | 25 | 26 | 28 | 28 | 481 | 5,975 | 1,009 | 580 | 675 | 651 | 970 | |||||
Assets | 329,551 | 324,012 | 326,501 | 250,820 | 256,397 | 256,938 | 259,232 | 260,644 | 261,651 | 261,632 | 263,927 | 251,779 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Short Term Borrowings | 5,828 | 977 | 3,591 | 6,191 | 4,076 | 4,406 | 5,144 | 1,735 | 282 | 529 | 440 | 1,269 | |||||
Accounts Payable Current | 23,181 | 19,280 | 19,073 | 18,609 | 20,878 | 22,079 | 20,037 | 21,007 | 21,257 | 20,423 | 21,649 | 18,656 | |||||
Accrued Liabilities Current | 10,349 | 10,763 | 10,541 | 8,117 | 8,374 | 8,486 | 8,313 | 9,054 | 7,777 | 7,655 | 7,618 | 7,262 | |||||
Accrued Income Taxes Current | 1,312 | 844 | 914 | 659 | 842 | 1,872 | 702 | 893 | 2,001 | 1,863 | 1,927 | 1,548 | |||||
Accrual For Taxes Other Than Income Taxes Current | 1,506 | 1,523 | 1,353 | 1,251 | 1,532 | 1,715 | 1,522 | 1,338 | 1,623 | 1,788 | 1,629 | 1,112 | |||||
Liabilities Current | 42,176 | 33,387 | 35,472 | 34,827 | 35,702 | 38,558 | 35,718 | 34,027 | 32,940 | 32,258 | 33,263 | 29,847 | |||||
Long Term Debt And Capital Lease Obligations Inclu… | 39,600 | 39,781 | 37,953 | 23,276 | 25,605 | 20,135 | 20,697 | 21,449 | 21,553 | 20,307 | 20,119 | 20,245 | |||||
Deferred Income Tax Liabilities Net | 29,945 | 30,014 | 29,796 | 19,708 | 19,594 | 19,137 | 19,899 | 19,509 | 19,106 | 18,830 | 19,637 | 18,451 | |||||
Pension And Other Postretirement Defined Benefit P… | 3,923 | 4,111 | 4,088 | 3,858 | 3,806 | 3,857 | 3,933 | 3,942 | 3,948 | 4,082 | 3,776 | 3,958 | |||||
Liabilities | 140,180 | 131,836 | 130,901 | 103,562 | 106,317 | 103,781 | 102,202 | 100,381 | 99,995 | 99,703 | 97,679 | 92,481 | |||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | |||||
Additional Paid In Capital Common Stock | 33,886 | 33,886 | 33,812 | 21,803 | 21,719 | 21,671 | 21,578 | 21,495 | 21,443 | 21,365 | 21,317 | 18,758 | |||||
Retained Earnings Accumulated Deficit | 204,039 | 205,365 | 206,006 | 205,905 | 206,359 | 205,852 | 205,503 | 203,960 | 202,514 | 200,025 | 200,593 | 196,926 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -2,593 | -2,464 | -2,591 | -2,567 | -2,709 | -2,760 | -2,825 | -2,924 | -2,965 | -2,960 | -2,597 | -2,711 | |||||
Common Stock Held In Trust | -240 | -240 | -240 | -240 | -240 | -240 | -240 | -240 | -240 | -240 | -240 | -240 | |||||
Treasury Stock Value | - | - | - | - | - | - | - | - | -61,959 | -59,065 | -55,640 | -56,240 | |||||
Treasury Stock Common Value | -53,209 | -51,929 | -48,976 | -80,316 | -77,717 | - | -69,646 | -64,890 | - | - | - | - | |||||
Stockholders Equity | 189,371 | 192,176 | 195,600 | 147,258 | 150,080 | 152,318 | 156,202 | 160,263 | 161,656 | 160,957 | 165,265 | 158,325 | |||||
Minority Interest | 5,656 | 5,726 | 5,757 | 841 | 836 | 839 | 828 | 1,030 | 1,031 | 972 | 983 | 973 | |||||
Liabilities And Stockholders Equity | 329,551 | 324,012 | 326,501 | 250,820 | 256,397 | 256,938 | 259,232 | 260,644 | 261,651 | 261,632 | 263,927 | 251,779 | |||||
Allowance For Doubtful Accounts Receivable Current | 175 | 176 | 191 | 188 | 240 | 259 | 259 | 266 | 292 | 301 | 393 | 424 | |||||
Accounts Receivable Allowance For Credit Loss Excl… | 216 | 216 | 216 | 217 | 216 | 352 | 354 | 353 | 349 | 340 | 331 | 342 | |||||
Preferred Stock Shares Authorized | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | |||||
Preferred Stock Par Or Stated Value Per Share | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | 6,000 | |||||
Common Stock Par Or Stated Value Per Share | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | 0.75 | |||||
Common Stock Shares Issued | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | 2,443 | |||||
Treasury Stock Common Shares | 451 | 448 | 429 | 715 | 696 | 674 | 646 | 614 | 596 | 577 | 555 | 575 | |||||
Redeemable Noncontrolling Interest Equity Carrying… | - | - | - | - | - | 0 | 0 | 177 | 172 | 166 | 150 | 147 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.89% | - | - | - | - | - | - | - | - | - | - | - |
| 2025 | 0.97% | 6.20% | 14.37% | 6.02% | 5.73% | 2.70% | -0.08% | -0.81% | 10.23% | 8.84% | -0.73% | 3.11% |
| 2024 | -0.86% | -2.42% | 0.02% | 5.05% | 3.31% | 7.08% | 4.35% | -7.21% | 0.30% | 0.06% | -13.57% | -11.74% |
| 2023 | - | - | - | 0.61% | 5.14% | 5.49% | -1.57% | 2.60% | -3.38% | 0.14% | 3.59% | 6.39% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.09 | 1.15 | 1.15 | 1.00 | 1.08 | 1.06 | 1.07 | 1.16 | 1.23 | 1.27 | 1.25 | 1.43 | |||||
| Quick Ratio | 0.73 | 0.73 | 0.72 | 0.62 | 0.68 | 0.71 | 0.68 | 0.73 | 0.81 | 0.87 | 0.84 | 0.97 | |||||
| Working Capital | 3.98B | 5.17B | 5.39B | -136.00M | 2.87B | 2.35B | 2.47B | 5.34B | 7.57B | 8.87B | 8.47B | 12.94B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.74 | 0.69 | 0.67 | 0.70 | 0.71 | 0.68 | 0.65 | 0.63 | 0.62 | 0.62 | 0.59 | 0.58 | |||||
| Interest Coverage TTM | 14.41 | 17.22 | 21.10 | 27.24 | 37.58 | 47.31 | 49.39 | 59.37 | 60.21 | 63.99 | 76.90 | 87.27 | |||||
| Debt Ratio | 0.43 | 0.41 | 0.40 | 0.41 | 0.41 | 0.40 | 0.39 | 0.39 | 0.38 | 0.38 | 0.37 | 0.37 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.65 | 0.65 | 0.68 | 0.78 | 0.79 | 0.78 | 0.73 | 0.76 | 0.75 | 0.76 | 0.76 | 0.83 | |||||
| Days Sales Outstanding TTM | 43.04 | 37.42 | 34.52 | 35.22 | 35.79 | 36.54 | 39.54 | 37.41 | 36.97 | 37.42 | 40.61 | 39.65 | |||||
| Receivables Turnover TTM | 8.48 | 9.75 | 10.57 | 10.36 | 10.20 | 9.99 | 9.23 | 9.76 | 9.87 | 9.75 | 8.99 | 9.20 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 5.67 | - | 6.63 | 7.99 | 8.97 | - | 9.25 | 10.23 | 10.99 | - | 13.57 | 16.09 | |||||
| Free Cash Flow Per Share TTM | 6.96 | 6.79 | 7.95 | 9.37 | 7.78 | 6.16 | 10.42 | 9.94 | 9.96 | 8.10 | 10.89 | 14.80 | |||||
| Dividend Per Share TTM | 6.71 | 5.22 | 6.31 | 6.83 | 6.75 | 4.83 | 6.51 | 6.38 | 6.23 | 4.64 | 6.01 | 5.96 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 43.24% | 42.75% | 42.96% | 41.70% | 41.09% | 41.22% | 38.76% | 38.87% | 39.62% | 39.47% | 38.30% | 38.92% | |||||
| Operating Profit Margin TTM | 9.53% | 10.44% | 10.70% | 11.19% | 12.35% | 13.56% | 12.99% | 13.92% | 14.38% | 15.02% | 17.97% | 19.76% | |||||
| Net Profit Margin TTM | 5.93% | 6.60% | 6.51% | 6.92% | 7.71% | 8.75% | 8.71% | 9.60% | 10.44% | 10.85% | 12.75% | 14.21% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | -6.77% | -6.79% | 3.24% | 1.92% | 4.71% | 2.99% | -3.95% | -8.03% | -16.19% | -16.46% | -14.11% | 1.84% | |||||
| Net Income Growth (1Y) | -28.29% | -29.66% | -22.84% | -26.49% | -22.67% | -16.94% | -34.36% | -37.88% | -43.24% | -39.75% | -25.51% | 3.84% | |||||
| EPS Growth (1Y) | -36.82% | -29.66% | -28.36% | -21.93% | -18.34% | -16.94% | -31.78% | -36.48% | -41.72% | -39.75% | -23.07% | 8.32% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 36.04 | 29.26 | 22.65 | 17.14 | 17.62 | 18.69 | 14.72 | 13.99 | 13.00 | 15.33 | 11.02 | 8.58 | |||||
| P/B | 2.14 | 1.90 | 1.49 | 1.60 | 1.84 | 2.17 | 1.58 | 1.64 | 1.63 | 2.02 | 1.70 | 1.64 | |||||
| P/S TTM | 2.14 | 1.93 | 1.47 | 1.19 | 1.36 | 1.64 | 1.28 | 1.34 | 1.36 | 1.66 | 1.40 | 1.22 | |||||
| Market Cap | 405.97B | 365.34B | 292.21B | 236.27B | 276.76B | 331.81B | 246.15B | 262.21B | 264.15B | 327.59B | 280.71B | 258.93B | |||||
| Enterprise Value | 405.49B | 359.03B | 287.02B | 237.09B | 274.67B | 327.95B | 245.53B | 258.98B | 257.22B | 318.85B | 274.15B | 249.80B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 13.78B | 16.59B | 15.42B | 16.10B | 13.57B | 15.04B | 18.76B | 18.14B | 18.35B | 19.78B | 20.37B | 27.64B | |||||
| Net Debt | 33.28B | 32.50B | 29.17B | 17.90B | 19.44B | 11.87B | 14.93B | 16.48B | 14.34B | 11.03B | 13.11B | 9.85B | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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