Income StatementBalance SheetCash FlowSegments
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Chevron Income Statement

Revenue, expenses, and profitability over time

Chevron generated $190.03B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $11.0B with a 5.79% net margin. Diluted EPS is $5.74, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$190.03BGross Profit (TTM)$82.2BNet Income (TTM)$11.0BEps Diluted (TTM)$5.74
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$381.25B
P/E Ratio34.63
ROE6.61%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Paid)—$1.7—$1.7—$1.8
Common Stock Issued for Business Acquisition———$50.6B—$0.0
Common Stock Dividends Per Share—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
OCI Attributable to Noncontrolling Interest—$12.0M$25.0M$74.0M—$83.0M
Dividends per share declared—$1.7$1.7$1.7—$1.8
OCI - Cash flow hedge, net of tax—-$4.0M$23.0M$0.0—-$127.0M
OCI - Defined benefit plan, net of tax—-$34.0M-$52.0M$13.0M—-$17.0M
Other comprehensive income (loss), net of tax—-$4.0M$23.0M$0.0—-$127.0M
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Comprehensive Income Attributable to Parent—$3.6B$2.7B$3.6B—$2.2B
OCI Defined Benefit Reclassification Adjustment (Pre-Tax)—-$38.0M-$37.0M-$43.0M—-$37.0M
OCI Net Actuarial Gain (Loss)—-$1.0M$35.0M-$80.0M—$0.0
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$5.0M$13.0M-$2.0M—-$1.0M
Other Comprehensive Income (Loss)—-$34.0M-$52.0M$13.0M—-$17.0M
Prior Service Cost Reclassification Adjustment—-$2.0M-$1.0M-$4.0M—-$2.0M
Unrealized Gain (Loss) on Securities—$5.0M$13.0M-$2.0M—-$1.0M
OCI Cash Flow Hedge Gain (Loss)—-$4.0M$23.0M$0.0—-$127.0M
Common Dividends Per Share Paid—$1.7—$1.7—$1.8
Cash Dividend per Common Share—$1.7—$1.7—$1.8
OCI Amortization of Prior Service Costs—-$2.0M-$1.0M-$4.0M—-$2.0M
OCI Cash Flow Hedge Before Reclassification and Tax—-$23.0M$6.0M$7.0M—-$153.0M
OCI Pension Reclassification Adjustment Before Tax—-$38.0M-$37.0M-$43.0M—-$37.0M
OCI Pension Unamortized Gain (Loss) Arising Before Tax—-$1.0M$35.0M-$80.0M—$0.0
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
OCI Defined Benefit Plan Net of Tax—-$34.0M-$52.0M$13.0M—-$17.0M
Unrealized Gains (Losses) on Hedge Instruments—-$4.0M$23.0M$0.0—-$127.0M
Dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Interest Paid, Net—$124.0M$286.0M$163.0M—$292.0M
OCI Pension and Postretirement Before Reclassification, Tax—-$10.0M-$19.0M$1.0M—-$22.0M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$5.0M$13.0M-$2.0M—-$1.0M
Comprehensive income (loss), including noncontrolling interest—$3.6B$2.7B$3.6B—$2.2B
Treasury stock transactions—$103.0M$96.0M$251.0M—$137.0M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—-$2.1B———-$969.0M
Dividends declared (in dollars per share)—$1.7$1.7$1.7—$1.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$3.6B$2.6B$3.5B—$2.1B
Less: comprehensive income attributable to noncontrolling interest—$12.0M$25.0M$74.0M—$83.0M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Deferred and other income taxes—$480.0M$29.0M$200.0M$277.0M-$264.0M
Defined benefit plans sponsored by equity affiliates - benefit (cost)—$9.0M$0.0$3.0M—$4.0M
Dividends, Common Stock, Cash—$3.0B$3.0B$3.6B—$3.7B
Dividends, Value, Common Stock, Stock—$9.0M$9.0M$9.0M—$11.0M
Dry hole expense$204.0M$112.0M$65.0M$68.0M$80.0M$84.0M
Effect of exchange rate changes on cash, cash equivalents and restricted cash—-$3.0M———-$23.0M
Effective tax rates—$0.4$0.4$0.3—$0.4
Distributions of earnings from equity method investees—$1.1B$1.4B$1.6B—$345.0M
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax—-$130.0M———-$157.0M
Gain Loss On Sale Of Property Plant Equipment$1.4B$19.0M$280.0M$3.0M$160.0M$7.0M
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions—-$268.0M-$908.0M-$626.0M-$480.0M$400.0M
Income taxes paid—$2.6B$1.6B$1.4B—$1.5B
Increase (Decrease) in Accounts and Notes Receivable—-$1.1B———$7.2B
Accounts payable and other current liabilities—-$1.3B-$2.7B-$231.0M—$3.5B
Increase Decrease In Accrued Income Taxes Payable—-$1.3B-$356.0M——$445.0M
Increase (Decrease) in Deferred Charges—$172.0M———-$43.0M
Decrease in income before income tax expense—-$2.3B-$2.9B-$1.1B—-$1.6B
Increase (Decrease) In Income Tax Expense (Benefit)—-$300.0M-$1.0B-$192.0M—-$418.0M
Increase (Decrease) in Inventories—$201.0M-$354.0M$920.0M—$843.0M
Increase (Decrease) in Long-Term Receivables, Current-$60.0M$40.0M—$75.0M$47.0M-$58.0M
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital—$2.4B———$4.6B
Increase (Decrease) In Operating Working Capital-$3.4B$2.4B—$555.0M—$4.6B
Increase (Decrease) in Prepaid Expense and Other Assets—$769.0M-$983.0M$589.0M—$488.0M
Debt$199.0M$212.0M$274.0M$370.0M$361.0M$345.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity—$124.0M$286.0M$163.0M—$292.0M
Pre-medicare company contribution for retiree medical coverage, maximum percent—4.0%———4.0%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$8.8B-$1.7B-$6.0B-$4.0B-$7.4B-$448.0M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$5.6B-$3.4B-$1.9B-$4.9B-$3.0B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$8.7B$5.2B$8.6B$9.4B$10.8B$2.5B
Net Income Loss Attributable To Noncontrolling Interest—$12.0M$25.0M$74.0M—$83.0M
Operating and SG&A expenses—$7.6B$7.6B$9.1B—$8.7B
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax—$0.0———$0.0
Amortization of prior service costs/(credits)—-$2.0M-$1.0M-$4.0M—-$2.0M
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax—-$2.0M———-$36.0M
Cash flow hedges—-$23.0M$6.0M$7.0M—-$153.0M
Unrealized gains (losses) on hedge instruments—-$4.0M$23.0M$0.0—-$127.0M
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income—-$17.0M-$23.0M$6.0M—$10.0M
Foreign currency translation gains (losses)—$16.0M$54.0M-$9.0M—-$18.0M
Other comprehensive income (loss)—$51.0M$142.0M-$24.0M—-$129.0M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$34.0M-$52.0M$13.0M—-$17.0M
Net gains/(losses) arising during the period—-$1.0M———$0.0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax—-$38.0M-$37.0M-$43.0M—-$37.0M
Net unrealized gains (losses) on securities still held—$5.0M$13.0M-$2.0M—-$1.0M
Other Noncash Income (Expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M
Payment for Other Postretirement Benefits—$42.0M$35.0M$35.0M—$44.0M
Current-year dry hole expenditures—$106.0M———$69.0M
Payments for Repurchase Excise Tax—$0.0———$0.0
Payments for Repurchase of Common Stock—$3.9B$2.6B$2.6B—$2.6B
Payments for Restructuring—$4.0M$60.0M$243.0M—$156.0M
Payments of Ordinary Dividends, Common Stock$2.9B$3.0B$2.9B$3.4B$3.4B$3.5B
Payments To Acquire Common Stock During Acquisition$0.0$2.2B———$0.0
Payments To Acquire Interest In Subsidiaries And Affiliates—$60.0M$41.0M$49.0M—$25.0M
Payments to Acquire Oil and Gas Property and Equipment—$3.8B$3.6B$4.3B—$4.0B
Payments to Acquire Productive Assets$4.3B$3.9B$3.7B$4.4B$5.3B$4.1B
Payments To Fund Longterm Loans To Related Parties—$87.0M$129.0M$47.0M—$41.0M
Payments to Noncontrolling Interests—$15.0M———$154.0M
Cash contributions for pension plans—$263.0M———$251.0M
Repayment of loans by equity affiliates—$21.0M$19.0M$1.0B—$1.0B
Proceeds from Equity Method Investment, Distribution, Return of Capital—$7.0M$51.0M$35.0M—$43.0M
Debt issued (Note 13)$75.0M$5.5B$0.0$5.7B$236.0M$99.0M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options—$218.0M$11.0M$84.0M—$1.2B
Proceeds from Noncontrolling Interests—$4.0M—$4.0M—$2.0M
Proceeds From Payments For Long Term Loans For Related Parties-$76.0M-$66.0M-$110.0M$974.0M$0.0$979.0M
Transactions involving noncontrolling interests—-$11.0M———-$152.0M
Proceeds from (Repayments of) Short-Term Debt—-$400.0M$2.3B-$2.7B-$242.0M$5.4B
Short-term borrowings/(repayments) less than 90 days — net—-$784.0M-$147.0M-$723.0M—$2.2B
Proceeds from (Repurchase of) Equity-$4.5B-$3.7B-$2.7B-$2.5B-$2.9B-$1.4B
Proceeds from disposition of property, plant and equipment/other$7.1B$600.0M$390.0M$483.0M$353.0M$72.0M
Proceeds From Sale of Productive Assets And Equity Method Investment—$600.0M$390.0M$483.0M—$72.0M
Proceeds from sale of assets—$593.0M$339.0M$448.0M—$29.0M
Proceeds from Short-Term Debt—$2.3B$4.5B——$4.1B
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$716.0M$61.0M$2.6B$906.0M$918.0M$874.0M
Repayments of Short-Term Debt—$1.9B$2.0B$2.0B—$856.0M
Revenue From Contract With Customer Excluding Assessed Tax$48.3B$46.1B$44.4B$48.2B$45.8B$47.6B
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value—$217.0M$159.0M$85.0M—$1.2B
Stockholders' Equity, Other—$0.0$1.0M$0.0—-$2.0M
Maturities of time deposits—$4.0M$5.0M$5.0M—$4.0M
Time deposits purchased—$4.0M$5.0M$3.0M—$4.0M
Treasury stock, value, acquired—$4.0B$2.8B$2.6B—$2.6B
Comprehensive Income (Loss), Total—$3.6B$2.7B$3.6B—$2.2B
OCI Benefit Plans Actuarial Gain (Loss), Before Tax—-$1.0M$35.0M-$80.0M—$0.0
OCI Defined Benefit Plan Prior Service Cost, Before Tax—$0.0$0.0-$24.0M—$0.0
OCI Defined Benefit Plan Reclassification, Before Tax—-$38.0M-$37.0M-$43.0M—-$37.0M
Unrealized Gain (Loss) on Derivatives, Net—-$23.0M$6.0M$7.0M—-$153.0M
Cash Dividends, Common Stock$2.9B$3.0B$2.9B$3.4B$3.4B$3.5B
Comprehensive Income Attributable to Noncontrolling Interests—$12.0M$25.0M$74.0M—$83.0M
Comprehensive Income, Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Foreign Currency Translation Adjustment, Net of Tax—$16.0M$54.0M-$9.0M—-$18.0M
OCI Defined Benefit Plan, After Tax—-$34.0M-$52.0M$13.0M—-$17.0M
Other Comprehensive Income (Loss)—$3.6B$2.6B$3.5B—$2.1B
OCI Pension Adjustments—-$34.0M-$52.0M$13.0M—-$17.0M
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Total Comprehensive Income—$3.6B$2.7B$3.6B—$2.2B
Comprehensive Income, Noncontrolling Interest—$12.0M$25.0M$74.0M—$83.0M
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
OCI Pension Reclassification Adjustment, Pre-tax—-$34.0M-$52.0M$13.0M—-$17.0M
OCI Pension Unamortized Gain (Loss), Pre-tax—-$1.0M$35.0M-$80.0M—$0.0

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Declared)—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Dividends Per Share, Cash Paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Cash Paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Basic earnings per share$1.85$2.01$1.45$1.83$1.36$1.12
Diluted earnings per share$1.84$2.00$1.45$1.82$1.36$1.11
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends per Share Declared—$1.7$1.7$1.7—$1.8
Dividends per common share—$1.7—$1.7—$1.8
Dividends Per Share (Paid)—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Weighted-average shares, basic—1.7B1.7B1.9B—2B
Weighted-average shares, diluted—1.8B1.7B1.9B—2B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Effective Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Effective Income Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Income Taxes on Defined Benefit Plans—-$10.0M-$19.0M$1.0M—-$22.0M
Effective Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Income tax expense$2.8B$2.1B$1.6B$1.8B$1.8B$1.7B
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Deferred Income Tax Expense—$480.0M$29.0M$200.0M$277.0M-$264.0M
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Effective Income Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Deferred and Other Income Taxes—$480.0M$29.0M$200.0M$277.0M-$264.0M
Effective Tax Rate Continuing Operations—$0.4$0.4$0.3—$0.4

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M
Cash Paid for Interest—$124.0M$286.0M$163.0M—$292.0M
Other non-cash income (expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M
Income from equity method investments$688.0M$820.0M$536.0M$981.0M$663.0M$745.0M
Equity Method Investment Dividends—$1.1B$1.4B$1.6B—$345.0M
Net Change in Cash Flow Hedges—-$4.0M$23.0M$0.0—-$127.0M
OCI Defined Benefit Plans—-$34.0M-$52.0M$13.0M—-$17.0M
Other Non-Cash Income (Expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M
Distributions of earnings from equity method investees—$1.1B$1.4B$1.6B—$345.0M
Non-service pension and postretirement benefit expense$50.0M$11.0M$83.0M$70.0M$149.0M-$18.0M
Other Non-cash Income (Expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M
Other Non-Cash Income (Expense)$170.0M$534.0M-$583.0M-$3.0M$210.0M$382.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)—$1.7$1.7$1.7—$1.8
Comprehensive income (loss), including noncontrolling interest—$3.6B$2.7B$3.6B—$2.2B
Common Stock Dividends$2.9B$3.0B$2.9B$3.4B$3.4B$3.5B
Net income attributable to noncontrolling interests—$12.0M$25.0M$74.0M—$83.0M
Net income$3.2B$3.5B$2.5B$3.5B$2.8B$2.2B
Common Stock Dividends$2.9B$3.0B$2.9B$3.4B$3.4B$3.5B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dry Hole Expense$449.0M$187.0M$252.0M$288.0M$324.0M$205.0M
Exploration Expense$449.0M$187.0M$252.0M$288.0M$324.0M$205.0M
Shipping and Handling Costs$7.6B$6.4B$6.7B$7.5B$7.4B$7.7B
Depreciation and amortization$5.0B$4.1B$4.3B$5.8B$5.9B$5.8B
Other Costs and Expenses—$1.7B$1.8B$2.0B—$1.9B
Other operating charges—$1.7B$1.8B$2.0B—$1.9B
Other taxes and duties$1.1B$1.3B$1.3B$1.3B$1.3B$1.3B
Selling, general and administrative$1.6B$1.2B$889.0M$1.5B$1.5B$1.1B
Total operating expenses$46.2B$42.0B$40.7B$44.3B$42.3B$44.7B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$22.1B$19.0B$18.0B$22.3B$21.5B$20.3B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$6.1B$5.6B$4.1B$5.4B$4.6B$3.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income (loss) from equity affiliates$688.0M$820.0M$536.0M$981.0M$663.0M$745.0M
Other income (loss)—$689.0M-$89.0M$576.0M—$306.0M
Total revenue$52.2B$47.6B$44.8B$49.7B$46.9B$48.6B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$30.1B$28.6B$26.9B$27.4B$25.3B$28.3B