Chevron International — Operating and SG&A expenses increased by 1.4% to $3.11B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.7%, from $3.30B to $3.11B. Over 3 years (FY 2022 to FY 2025), International — Operating and SG&A expenses shows relatively stable performance with a -1.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses relative to revenue may signal bloated administrative structures or increased regulatory compliance costs in international jurisdictions.
Captures the overhead costs required to manage international business activities, including administrative salaries, mar...
Comparable to SG&A expenses reported by other multinational energy corporations.
cvx_segment_international_operating_and_sg_a_expenses| 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 | $2.98B | $2.98B | $2.98B | $2.98B | $2.97B | $2.97B | $2.97B | $2.97B | $3.05B | $3.04B | $3.06B | $3.30B | $2.52B | $2.81B | $3.07B | $3.11B |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -0.1% | +0.0% | +0.0% | +0.0% | +2.6% | -0.6% | +0.8% | +7.8% | -23.6% | +11.3% | +9.4% | +1.4% |
| YoY Change | — | — | — | — | -0.1% | -0.1% | -0.1% | -0.1% | +2.6% | +2.1% | +2.9% | +10.9% | -17.4% | -7.5% | +0.3% | -5.7% |
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