MARKETS / NYSE / CVX
NYSE · PETROLEUM REFINING · LARGE CAP

Chevron Corp. CVX

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY6 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$184.4B
▼ 4.6% vs FY2024
Dividend streak
6 yrs
Raised every year since 2020
EPS · FY25
$6.63
Dividend / sh · FY25
$6.84
Payout · FY25
104%
ROE · FY25
7.3%
Net margin · FY25
6.7%
Dividend coverage
1.0×
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Result
USD 184.4B
Revenue, FY2025 · full 19-year series below
Revenue Net income
80160240320184.412.32007201020132016201920222025
80160240320184.412.32016201920222025

7 cents of every revenue dollar became profit this year.

Per share
USD 6.63
Diluted EPS, FY2025
EPS Dividend
816246.846.632007201020132016201920222025
816246.846.632016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
7.3%
Return on equity, FY2025
ROE
81624327.3%2007201020132016201920222025
81624327.3%2016201920222025
Operating margin
Net margin6.7%
Return on assets4.2%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 24.5B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 12.8B
Net buybacksUSD 11.7B
Share of profit198.8%
Consecutive raises6 years

USD 12.8B in dividends and USD 11.7B in buybacks — 199% of the year's profit, so the payout drew on cash built up earlier.

Growth
+14.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−7.9%
+14.3%
+2.9%
−0.7%
Net income
−29.7%
+10.4%
−2.9%
EPS, diluted
−28.7%
+10.5%
−2.4%
Dividend / share
+6.4%
+5.8%
Returned to shareholders
+14.3%
+16.9%
+11.8%
+9.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 324.0B
total assets, end of FY2025
Total assetsUSD 324.0B
EquityUSD 186.4B
CashUSD 7.3B
Gross debtUSD 42.1B
Net debtUSD 34.8B
Current ratio1.15×

Net debt stands at 19% of equity.

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
184.4
193.4
196.9
235.7
155.6
94.5
139.9
158.9
134.7
110.2
138.5
212.0
228.8
241.9
253.7
204.9
171.6
273.0
220.9
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
7.3
9.8
8.2
14.1
6.0
−1.9
2.7
5.7
−0.0
−1.7
0.1
11.9
14.3
20.0
20.6
12.9
8.0
19.0
13.5
Net income $B
12.3
17.7
21.4
35.5
15.6
−5.5
2.9
14.8
9.2
−0.5
4.6
19.2
21.4
26.2
26.9
19.0
10.5
23.9
18.7
EPS, diluted $
6.63
9.72
11.36
18.28
8.14
−2.96
1.54
7.74
4.85
−0.27
2.45
10.14
11.09
13.32
13.44
9.48
5.24
11.67
8.77
Dividend / sh $
6.84
6.52
6.04
5.68
5.31
5.16
4.76
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
104
67
53
31
65
−174
306
57
88
−1616
174
41
35
26
23
30
51
22
26
ROE %
7.3
11.3
13.3
23.8
11.5
−4.0
2.0
9.8
6.3
−0.3
3.0
12.7
15.0
20.3
23.8
19.3
11.7
29.2
24.2
Shares out B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
54 of 54
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed