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NYSE · PETROLEUM REFINING · LARGE CAP

Chevron Corp. CVX

19 fiscal years on record · USD · FY2025 reported · SEC filings only
6 YEARS OF DIVIDEND GROWTH
$189.0B
▼ 6.8% YoY
$12.3B
▼ 30.4% YoY
$16.6B
▲ 10.3% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Chevron carries out exploration and production activities in many of the world's major hydrocarbon basins. Its upstream and downstream activities, together with those of its equity affiliates, are dispersed across North America, South America, Europe, Africa, Asia and Australia, and are managed by the Oil, Products and Gas organization. Proved reserves at year-end 2025 amounted to approximately 10.6 billion barrels of oil-equivalent. Its refining network is capable of processing 1.8 million barrels per day. It markets petroleum products under the principal brands Chevron, Texaco and Caltex throughout many parts of the world. Directly or through retailers and marketers, it supplied approximately 8,600 Chevron- and Texaco-branded service stations, primarily in the southern and western states. The company also develops, produces and sells renewable fuels, among them renewable diesel, biodiesel, renewable natural gas and sustainable aviation fuel. Incorporated in Delaware in 1926 as Standard Oil Company of California, it adopted the name Chevron Corporation in 1984, became ChevronTexaco Corporation in 2001 and returned to the Chevron Corporation name in 2005.

Written from the business description in Chevron Corp's annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 189.0B
Revenue, FY2025 · full 19-year series below
Revenue $B Net income $B
FY2025 · Revenue 189.0 · Net income 12.3
100B200B
2007201020132016201920222025
Compound annual growth
−8.4%
+14.8%
+3.2%
−0.5%
−29.7%
+10.4%
−2.9%
−28.7%
+10.5%
−2.4%
+6.4%
+5.8%
+14.3%
+16.9%
+11.8%
+9.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

7 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Net 6.6%
5%10%-2%-4%
200720162025
ROE
FY2025 · ROE 7.3%
10%20%-2%-4%
200720162025
Three returns, three denominators.
Return on capital employedNot available: we don't have a clean operating profit figure for this period.

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

Cash & shareholders

USD 24.5B
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF 16.6
15B30B-5B-10B
200720162025
Net buybacks $B Dividends $B
FY2025 · Dividends 12.8 · Net buybacks 11.7
10B20BDividendsNet buybacks
2007201020132016201920222025

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.

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.

The 19-year record

19 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
CVX, 19-year financial record
Metric 2025202420232022202120202019201820172016201520142013201220112010200920082007
Revenue $B189.0202.8200.9246.3162.594.7146.5166.3141.7114.5138.5212.0228.8241.9253.7204.9171.6273.0220.9
Operating income $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
EBITDA $B◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Income tax $B7.39.88.214.16.0−1.92.75.7−0.0−1.70.111.914.320.020.612.98.019.013.5
Net income $B12.317.721.435.515.6−5.52.914.89.2−0.54.619.221.426.226.919.010.523.918.7
Free cash flow $B16.615.019.837.621.11.713.216.86.9−5.4−10.0−3.9−3.07.914.611.7−0.510.08.3
EPS, diluted $6.639.7211.3618.288.14−2.961.547.744.85−0.272.4510.1411.0913.3213.449.485.2411.678.77
Dividend / sh $6.846.526.045.685.315.164.76◌◌◌◌◌◌◌◌◌◌◌◌
Payout %10467533165−1743065788−16161744135262330512226
ROE %7.311.313.323.811.5−4.02.09.86.3−0.33.012.715.020.323.819.311.729.224.2

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 73 reconciliationsAUDITED

Reconciled in 19 of the 19 fiscal years we could check. Nine checks were skipped: cost of revenue is not tagged before 2016. Two checks were skipped: the balance sheet is not tagged before 2008. One check was skipped: the share count is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPetroleum Refining
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2007

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