CVX Financials Chevron

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 41 d ago 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

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
2025	$184.4B	$12.3B	41.3%	0.0%	6.6%	3.8%	$16.6B	—	$7.3B
2024	$193.4B	$17.7B	38.4%	0.0%	11.6%	6.9%	$15.0B	—	$8.3B
2023	$196.9B	$21.4B	39.5%	0.0%	13.3%	8.2%	$19.8B	—	$9.3B
2022	$235.7B	$35.5B	38.3%	0.0%	22.3%	13.8%	$37.6B	—	$19.1B
2021	$155.6B	$15.6B	40.7%	0.0%	11.2%	6.5%	$21.1B	$25.9B	$6.8B
2020	$94.5B	-$5.5B	44.8%	0.0%	-4.2%	-2.3%	$1.7B	$27.2B	$6.7B
2019	$139.9B	$2.9B	42.7%	0.0%	2.0%	1.2%	$13.2B	$22.0B	$6.9B
2018	$158.9B	$14.8B	40.5%	0.0%	9.6%	5.8%	$16.8B	$29.5B	$10.5B
2017	—	$9.2B	—	—	6.2%	3.6%	$6.9B	$35.4B	$5.9B
2016	—	-$497M	—	—	-0.3%	-0.2%	-$5.4B	$43.3B	$8.4B
2015	—	$4.6B	—	—	3.0%	1.7%	-$10.0B	$32.0B	$12.1B
2014	—	$19.2B	—	—	12.4%	7.2%	-$3.9B	$19.8B	—
2013	—	$21.4B	—	—	14.4%	8.4%	-$3.0B	$12.3B	—
2012	—	$26.2B	—	—	19.2%	11.2%	$7.9B	$6.2B	—
2011	—	$26.9B	—	—	22.2%	12.8%	$14.6B	$4.4B	—

Revenue & net income

RevenueNet income

Margins (gross / operating / net)

GrossOperatingNet

Return on equity & assets (ROE / ROA)

ROEROA

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	ROE	ROA	FCF	Total debt	Cash
Jun '26	$67.2B	$12.1B	45.5%	0.0%	6.4%	3.7%	$18.1B	—	$9.6B
Mar '26	$47.6B	$2.2B	40.6%	0.0%	1.2%	0.7%	-$1.5B	—	$6.3B
Dec '25	$45.8B	$2.8B	44.6%	0.0%	1.5%	0.9%	$5.5B	—	$7.3B
Sep '25	$48.2B	$3.5B	43.1%	0.0%	1.9%	1.1%	$4.9B	—	$8.8B
Jun '25	$44.4B	$2.5B	39.5%	0.0%	1.7%	1.0%	$4.9B	—	$5.4B
Mar '25	$46.1B	$3.5B	37.9%	0.0%	2.3%	1.4%	$1.3B	—	$6.2B
Dec '24	$48.3B	$3.2B	37.6%	0.0%	2.1%	1.3%	$4.4B	—	$8.3B
Sep '24	$48.9B	$4.5B	37.8%	0.0%	2.9%	1.7%	$5.6B	—	$5.8B
Jun '24	$49.6B	$4.4B	37.7%	0.0%	2.8%	1.7%	$2.3B	—	$5.0B
Mar '24	$46.6B	$5.5B	40.4%	0.0%	3.4%	2.1%	$2.7B	—	$7.2B
Dec '23	$48.9B	$2.3B	41.8%	0.0%	1.4%	0.9%	$8.1B	—	$9.3B
Sep '23	$51.9B	$6.5B	37.7%	0.0%	3.9%	2.5%	$5.0B	—	$7.0B
Jun '23	$47.2B	$6.0B	38.6%	0.0%	3.8%	2.4%	$2.5B	—	$10.4B
Mar '23	$48.8B	$6.6B	39.8%	0.0%	4.1%	2.6%	$4.2B	—	$16.9B
Dec '22	$54.5B	$6.4B	40.3%	0.0%	4.0%	2.5%	$8.7B	—	$19.1B
Sep '22	$63.5B	$11.2B	39.0%	0.0%	7.1%	4.3%	$12.3B	—	$16.7B
Jun '22	$65.4B	$11.6B	37.8%	0.0%	7.6%	4.5%	$10.6B	—	$13.4B
Mar '22	$52.3B	$6.3B	36.1%	0.0%	4.3%	2.5%	$6.1B	—	$12.8B
Dec '21	$45.9B	$5.1B	34.1%	0.0%	3.6%	2.1%	$6.9B	$25.9B	$6.8B
Sep '21	$42.6B	$6.1B	44.0%	0.0%	4.5%	2.5%	$6.7B	—	$7.0B

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 9.1× (Mar '23) to 33.9× (Sep '26).
The price-to-sales ratio has risen from 1.4× (Mar '23) to 2.3× (Sep '26).
The dividend yield has fallen from 3.4% (Mar '23) to 3.1% (Sep '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 Sep '26, Chevron traded at a price-to-earnings ratio of about 33.9× (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.