Net Income
Chevron Net Income decreased by 20.2% to $2.21B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 36.9%, from $3.50B to $2.21B. Over 4 years (FY 2021 to FY 2025), Net Income shows a downward trend with a -5.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Consistent growth in net income is the primary driver of long-term stock price appreciation and dividend capacity.
Detailed definition
The 'bottom line' profit of the company after all expenses, including interest and taxes, have been deducted from total...
Peer comparison
This is the standard metric for calculating Earnings Per Share (EPS) and Price-to-Earnings (P/E) ratios.
net_incomeHistorical Data
| 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 | $3.08B | $6.11B | $5.06B | $6.26B | $11.62B | $11.23B | $6.35B | $6.57B | $6.01B | $6.53B | $2.26B | $5.50B | $4.43B | $4.49B | $3.24B | $3.50B | $2.49B | $3.54B | $2.77B | $2.21B |
| QoQ Change | — | +98.3% | -17.3% | +23.8% | +85.7% | -3.4% | -43.4% | +3.5% | -8.6% | +8.6% | -65.4% | +143.5% | -19.4% | +1.2% | -27.8% | +8.1% | -28.9% | +42.1% | -21.7% | -20.2% |
| YoY Change | — | — | — | — | +277.1% | +83.8% | +25.7% | +5.0% | -48.3% | -41.9% | -64.4% | -16.3% | -26.2% | -31.2% | +43.4% | -36.4% | -43.8% | -21.1% | -14.5% | -36.9% |
Business Segments — Upstream
| Segment | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $8.56B | $9.31B | $5.16B | $4.94B | $5.76B | $5.24B | $4.47B | $4.59B |
| Downstream | $3.52B | $2.53B | $1.80B | $1.51B | $1.68B | $783.00M | $597.00M | $595.00M |
| Total | $11.62B | $11.23B | $6.57B | $6.01B | $6.53B | $5.50B | $4.43B | $4.49B |
Downstream, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — All Other
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| All Other | -$583.00M | -$974.00M | -$900.00M | -$1.09B | -$882.00M |
| Total | $3.50B | $2.49B | $3.54B | $2.77B | $2.21B |
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Int’l. | $2.63B | $3.09B | $2.98B | $2.12B | $1.64B | $2.52B | $2.37B | $784.00M |
| Total | $4.43B | $4.49B | $3.24B | $3.50B | $2.49B | $3.54B | $2.77B | $2.21B |
Net Income at Other Companies
Frequently Asked Questions
- What is Chevron's net income?
- Chevron (CVX) reported net income of $2.21B in Q1 2026.
- How has Chevron's net income changed year-over-year?
- Chevron's net income decreased by 36.9% year-over-year, from $3.50B to $2.21B.
- What is the long-term trend for Chevron's net income?
- Over 4 years (2021 to 2025), Chevron's net income has grown at a -5.8% compound annual growth rate (CAGR), from $15.63B to $12.30B.
- What does net income mean?
- The final profit of the company after every single expense and tax has been paid.