15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 14.3% per year over the past 5 years.
Free cash flow has grown 58.6% per year over the past 5 years.
Financial health
Total debt has grown slower than revenue (-9.8% vs 14.3% per year).
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 103.7% of earnings and 76.9% of free cash flow.
The dividend has grown 5.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
2025
$184.4B
$12.3B
41.3%
0.0%
$16.6B
—
$7.3B
2024
$193.4B
$17.7B
38.4%
0.0%
$15.0B
—
$8.3B
2023
$196.9B
$21.4B
39.5%
0.0%
$19.8B
—
$9.3B
2022
$235.7B
$35.5B
38.3%
0.0%
$37.6B
—
$19.1B
2021
$155.6B
$15.6B
40.7%
0.0%
$21.1B
$25.9B
$6.8B
2020
$94.5B
-$5.5B
44.8%
0.0%
$1.7B
$27.2B
$6.7B
2019
$139.9B
$2.9B
42.7%
0.0%
$13.2B
$22.0B
$6.9B
2018
$158.9B
$14.8B
40.5%
0.0%
$16.8B
$29.5B
$10.5B
2017
—
$9.2B
—
—
$6.9B
$35.4B
$5.9B
2016
—
-$497M
—
—
-$5.4B
$43.3B
$8.4B
2015
—
$4.6B
—
—
-$10.0B
$32.0B
$12.1B
2014
—
$19.2B
—
—
-$3.9B
$19.8B
—
2013
—
$21.4B
—
—
-$3.0B
$12.3B
—
2012
—
$26.2B
—
—
$7.9B
$6.2B
—
2011
—
$26.9B
—
—
$14.6B
$4.4B
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
FCF
Total debt
Cash
Mar '26
$47.6B
$2.2B
40.6%
0.0%
-$1.5B
—
$6.3B
Dec '25
$45.8B
$2.8B
44.6%
0.0%
$5.5B
—
$7.3B
Sep '25
$48.2B
$3.5B
43.1%
0.0%
$4.9B
—
$8.8B
Jun '25
$44.4B
$2.5B
39.5%
0.0%
$4.9B
—
$5.4B
Mar '25
$46.1B
$3.5B
37.9%
0.0%
$1.3B
—
$6.2B
Dec '24
$48.3B
$3.2B
37.6%
0.0%
$4.4B
—
$8.3B
Sep '24
$48.9B
$4.5B
37.8%
0.0%
$5.6B
—
$5.8B
Jun '24
$49.6B
$4.4B
37.7%
0.0%
$2.3B
—
$5.0B
Mar '24
$46.6B
$5.5B
40.4%
0.0%
$2.7B
—
$7.2B
Dec '23
$48.9B
$2.3B
41.8%
0.0%
$8.1B
—
$9.3B
Sep '23
$51.9B
$6.5B
37.7%
0.0%
$5.0B
—
$7.0B
Jun '23
$47.2B
$6.0B
38.6%
0.0%
$2.5B
—
$10.4B
Mar '23
$48.8B
$6.6B
39.8%
0.0%
$4.2B
—
$16.9B
Dec '22
$54.5B
$6.4B
40.3%
0.0%
$8.7B
—
$19.1B
Sep '22
$63.5B
$11.2B
39.0%
0.0%
$12.3B
—
$16.7B
Jun '22
$65.4B
$11.6B
37.8%
0.0%
$10.6B
—
$13.4B
Mar '22
$52.3B
$6.3B
36.1%
0.0%
$6.1B
—
$12.8B
Dec '21
$45.9B
$5.1B
34.1%
0.0%
$6.9B
$25.9B
$6.8B
Sep '21
$42.6B
$6.1B
44.0%
0.0%
$6.7B
—
$7.0B
Jun '21
$36.1B
$3.1B
42.9%
0.0%
$5.2B
—
$8.7B
Valuation over time
How the market has priced CVX against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 9.2× (Mar '23) to 27.9× (Jun '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 1.9× (Jun '26).
The dividend yield has risen from 3.4% (Mar '23) to 3.7% (Jun '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is CVX growing its revenue and profit?
Over the past 5 years, Chevron's revenue has grown 14.3% per year. These are computed facts, not advice.
How much debt does CVX have?
As of FY2025, Chevron reported — of total debt against $7.3B of cash.
What is CVX's profit margin?
In FY2025, gross margin was 41.3%, operating margin —, and net margin 6.7%.
What is CVX's P/E ratio?
As of Jun '26, Chevron traded at a price-to-earnings ratio of about 27.9× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.