Contract Assets
Current AssetsChevron Contract Assets decreased by 3.8% to $12.31B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 13.4%, from $14.23B to $12.31B. Over 5 years (FY 2020 to FY 2025), Contract Assets shows an upward trend with a 10.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Assets
CategoryEfficiency
SignalHigher is better
VolatilityModerate
First reportedQ4 2017
Last reportedQ4 2025
How to read this metric
An increase suggests strong project progress or service delivery ahead of billing cycles; a decrease may indicate slower project completion or faster billing.
Detailed definition
This represents the entity's right to consideration in exchange for goods or services that the entity has transferred to...
Peer comparison
Standard for companies with long-term service or construction-type contracts.
Metric ID:
contract_assetsHistorical Data
19 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $10.90B | $11.20B | $12.88B | $16.40B | $18.70B | $15.00B | $14.22B | $12.70B | $12.50B | $15.20B | $13.64B | $14.40B | $14.20B | $13.20B | $14.23B | $13.20B | $11.80B | $12.80B | $12.31B |
| QoQ Change | — | +2.8% | +15.0% | +27.4% | +14.0% | -19.8% | -5.2% | -10.7% | -1.6% | +21.6% | -10.3% | +5.6% | -1.4% | -7.0% | +7.8% | -7.2% | -10.6% | +8.5% | -3.8% |
| YoY Change | — | — | — | — | +71.6% | +33.9% | +10.4% | -22.6% | -33.2% | +1.3% | -4.1% | +13.4% | +13.6% | -13.2% | +4.3% | -8.3% | -16.9% | -3.0% | -13.4% |
Range$10.90B – $18.70B
CAGR+2.7%
Avg YoY Growth+2.3%
Median YoY Growth-3.0%
Contract Assets at Other Companies
Frequently Asked Questions
- What is Chevron's contract assets?
- Chevron (CVX) reported contract assets of $12.31B in Q4 2025.
- How has Chevron's contract assets changed year-over-year?
- Chevron's contract assets decreased by 13.4% year-over-year, from $14.23B to $12.31B.
- What is the long-term trend for Chevron's contract assets?
- Over 5 years (2020 to 2025), Chevron's contract assets has grown at a 10.0% compound annual growth rate (CAGR), from $7.63B to $12.31B.
- What does contract assets mean?
- Revenue earned for work performed but not yet billed to the customer.