Chevron Int’l. — Income Tax Expense (Benefit) decreased by 23.0% to $1.15B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 24.5%, from $1.53B to $1.15B. Over 4 years (FY 2021 to FY 2025), Int’l. — Income Tax Expense (Benefit) shows an upward trend with a 7.3% CAGR.
Changes often reflect shifts in regional tax legislation or changes in the geographic mix of profitability rather than operational performance.
The provision for income taxes related specifically to the earnings generated by international operations. This reflects...
Comparable to segment-level tax provisions reported by multinational energy companies.
cvx_segment_international_income_tax_expense_benefit| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.10B | $1.10B | $1.10B | $2.33B | $2.33B | $2.33B | $2.33B | $1.56B | $1.56B | $1.56B | $1.56B | $1.73B | $1.87B | $1.50B | $2.85B | $1.53B | $1.31B | $1.49B | $1.50B | $1.15B |
| QoQ Change | — | +0.0% | +0.0% | +112.4% | +0.0% | +0.0% | +0.0% | -33.0% | +0.0% | +0.0% | +0.0% | +10.5% | +8.2% | -20.0% | +90.7% | -46.4% | -14.2% | +13.8% | +0.3% | -23.0% |
| YoY Change | — | — | — | — | +112.4% | +112.4% | +112.4% | -33.0% | -33.0% | -33.0% | -33.0% | +10.5% | +19.6% | -4.3% | +82.5% | -11.5% | -29.9% | -0.3% | -47.5% | -24.5% |