Upstream — Equity in Earnings
Business Segments · Equity in EarningsChevron Upstream — Equity in Earnings remained flat by 0.0% to $549.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 38.6%, from $895.00M to $549.75M. Over 4 years (FY 2021 to FY 2025), Upstream — Equity in Earnings shows a downward trend with a -11.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher earnings indicate successful performance of joint venture projects, while lower earnings suggest project underperformance or market headwinds.
Detailed definition
The company's proportionate share of the net income or loss generated by equity-method investees in the upstream segment...
Peer comparison
Common metric for energy companies with significant international joint venture portfolios.
cvx_segment_upstream_equity_in_earningsHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | FY'25 | |
|---|---|---|---|---|---|
| Value | $3.51B | $6.63B | $3.89B | $3.58B | $2.20B |
| YoY Change | — | +88.8% | -41.4% | -7.9% | -38.6% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Chevron's upstream — equity in earnings?
- Chevron (CVX) reported upstream — equity in earnings of $549.75M in Q4 2025.
- How has Chevron's upstream — equity in earnings changed year-over-year?
- Chevron's upstream — equity in earnings decreased by 38.6% year-over-year, from $895.00M to $549.75M.
- What is the long-term trend for Chevron's upstream — equity in earnings?
- Over 4 years (2021 to 2025), Chevron's upstream — equity in earnings has grown at a -11.0% compound annual growth rate (CAGR), from $3.51B to $2.20B.
- What does upstream — equity in earnings mean?
- The profit or loss earned from the company's share in upstream joint ventures.