Chevron
Chevron Corporation is a major integrated energy company that manages a global portfolio of energy and chemical operations. The company's core value proposition centers on the exploration, production, and refining of hydrocarbons alongside the development of lower-carbon energy solutions. Its operations span the entire energy value chain, from upstream resource extraction to downstream product marketing and petrochemical manufacturing.
Financials
Based on Q4 2025 filing
Business Segments
Upstream
primaryFocuses on the exploration, development, and production of crude oil and natural gas, including liquefied natural gas (LNG) and carbon capture activities. This segment manages vast resource holdings in major basins such as the Permian, the Gulf of Mexico, and offshore Guyana.
Crude Oil, Natural Gas, Liquefied Natural Gas (LNG), Natural Gas Liquids (NGLs), Synthetic Oil
Refineries, Industrial gas users, Utilities, Government energy agencies
Downstream
majorInvolves refining crude oil into petroleum products and the manufacturing of renewable fuels and petrochemicals. This segment also handles the global marketing and distribution of refined products, lubricants, and fuel additives.
Refined Petroleum Products, Lubricants, Renewable Fuels, Commodity Petrochemicals, Plastics, Fuel and Lubricant Additives
Retail consumers, Commercial transportation fleets, Industrial manufacturers, Aviation and marine operators
Segment Financials
Upstream — Total Assets
View metricUpstream — Gains on sale of nonstrategic properties
View metricUpstream — Property, Plant and Equipment, Additions
View metricDownstream — Total Assets
View metricDownstream — Property, Plant and Equipment, Additions
View metricDownstream — Gains on sale of nonstrategic properties
View metricBusiness Overview
Competitive Position
One of the world's largest integrated energy companies with a leading position in the Permian Basin and significant deepwater assets.
Geographies
United States, Australia, Kazakhstan, Guyana, Argentina, Nigeria, Angola, Brazil
Customer Segments
B2C, B2B, Government
Upstream Dependencies
Oilfield service providers, Specialized subsea technology manufacturers, Drilling rig operators, Geological and seismic data providers
Downstream Customers
Retail fuel stations, Airlines, Shipping companies, Industrial chemical processors, Power generation plants
Competitors & Partners
Competitors
Partners
Organization of Petroleum Exporting Countries (OPEC)
Intergovernmental organization influencing global supply and pricing
ACES Delta, LLC
Joint venture developing the Advanced Clean Energy Storage Project
Bayou Bend CCS LLC
Carbon dioxide transportation and sequestration affiliate
Angola LNG Limited
Joint venture operating a natural gas liquefaction plant
Subsidiaries
Hess Midstream
HESM
Midstream infrastructure provider in the Bakken
Tengizchevroil
Significant affiliate operating in Kazakhstan
Chevron FAQ
Common questions about Chevron
Chevron Corporation is a major integrated energy company that manages a global portfolio of energy and chemical operations. The company's core value proposition centers on the exploration, production, and refining of hydrocarbons alongside the development of lower-carbon energy solutions. Its operations span the entire energy value chain, from upstream resource extraction to downstream product marketing and petrochemical manufacturing.
Chevron is scheduled to report earnings for Q1 2026 on May 1, 2026. Analysts estimate revenue of $50.1B.
Chevron generated $189.03B in trailing twelve-month revenue with net income of $12.3B, representing a net margin of 6.5%. Gross margin stands at 42.8%, with free cash flow of $16.6B. These figures are based on the Q4 2025 filing.
Chevron's key competitors include Exxon Mobil Corporation, Shell plc, BP p.l.c., and others. These companies compete in similar markets and product categories.
Chevron has approximately 45,600 employees.