Deferred Taxes
Chevron Deferred Taxes decreased by 195.3% to -$264.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 155.0%, from $480.00M to -$264.00M. Over 2 years (FY 2021 to FY 2025), Deferred Taxes shows an upward trend with a 18.7% CAGR.
Analysis
How to read this metric
Positive values indicate tax benefits that improve cash flow, while negative values indicate cash tax outflows exceeding accounting expense.
Detailed definition
This reflects the difference between income tax expense recognized in the financial statements and the actual tax payabl...
Peer comparison
Common across all industries; highly dependent on specific tax jurisdictions and capital expenditure cycles.
deferred_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $68.00M | $658.00M | $228.00M | $626.00M | $715.00M | $369.00M | $414.00M | $790.00M | $671.00M | $688.00M | $454.00M | $403.00M | $480.00M | $29.00M | $200.00M | $277.00M | -$264.00M |
| QoQ Change | — | +867.6% | -65.3% | +174.6% | +14.2% | -48.4% | +12.2% | +90.8% | -15.1% | +2.5% | -34.0% | -11.2% | +19.1% | -94.0% | +589.7% | +38.5% | -195.3% |
| YoY Change | — | — | — | — | +951.5% | -43.9% | +81.6% | +26.2% | -6.2% | -12.9% | -32.3% | — | -30.2% | -93.6% | -50.4% | — | -155.0% |
Business Segments — Upstream
| Segment | FY'21 |
|---|---|
| Upstream | $6.13B |
| Downstream | $750.00M |
| Total | $700.00M |
All segment values are derived from annual filings.
Downstream, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Segment Total
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| All Other | -$40.00M | -$180.00M | -$123.00M | -$162.00M | -$158.00M |
| Segment Total | $2.11B | — | — | — | — |
| Total | $480.00M | $29.00M | $200.00M | $277.00M | -$264.00M |
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Int’l. | $1.87B | $1.50B | $2.85B | $1.53B | $1.31B | $1.49B | $1.50B | $1.15B |
| Total | $454.00M | $403.00M | — | $480.00M | $29.00M | $200.00M | $277.00M | -$264.00M |
Deferred Taxes at Other Companies
Frequently Asked Questions
- What is Chevron's deferred taxes?
- Chevron (CVX) reported deferred taxes of -$264.00M in Q1 2026.
- How has Chevron's deferred taxes changed year-over-year?
- Chevron's deferred taxes decreased by 155.0% year-over-year, from $480.00M to -$264.00M.
- What is the long-term trend for Chevron's deferred taxes?
- Over 2 years (2021 to 2025), Chevron's deferred taxes has grown at a 18.7% compound annual growth rate (CAGR), from $700.00M to $986.00M.
- What does deferred taxes mean?
- The difference between tax reported on the income statement and actual cash taxes paid.