What is Chevron's deferred tax assets?

Chevron (CVX) reported deferred tax assets of $2.86B in Q4 2025.

How has Chevron's deferred tax assets changed year-over-year?

Chevron's deferred tax assets decreased by 18.6% year-over-year, from $3.52B to $2.86B.

What is the long-term trend for Chevron's deferred tax assets?

Over 5 years (2020 to 2025), Chevron's deferred tax assets has grown at a -11.5% compound annual growth rate (CAGR), from $5.29B to $2.86B.

What does deferred tax assets mean?

Future tax savings the company expects to realize based on past financial activities.

Non-Current Assets

Deferred Tax Assets

Chevron Deferred Tax Assets decreased by 18.6% to $2.86B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 18.6%, from $3.52B to $2.86B. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets shows a downward trend with a -11.5% CAGR.

Analysis

StatementBalance Sheet Statement

SectionNon-Current Assets

CategoryRisk

SignalContext dependent

VolatilityModerate

First reportedQ4 2018

Last reportedQ4 2025Feb 24, 2026

How to read this metric

An increase may indicate past operating losses or tax credits that provide a future buffer, while a decrease suggests the utilization of these benefits to offset tax liabilities.

Detailed definition

This represents the future tax benefits that the company expects to realize due to temporary differences between the fin...

Peer comparison

Standard across all industries; levels depend heavily on the company's historical profitability and tax jurisdiction profile.

Metric ID: non_current_assets_deferred_income_tax_assets_net

Historical Data

5 periods

	Q4 '21	Q4 '22	Q4 '23	Q4 '24	Q4 '25
Value	$5.66B	$4.51B	$4.17B	$3.52B	$2.86B
QoQ Change	—	-20.4%	-7.5%	-15.7%	-18.6%
YoY Change	—	-20.4%	-7.5%	-15.7%	-18.6%

Range$2.86B – $5.66B

CAGR-49.4%

Avg YoY Growth-15.5%

Median YoY Growth-17.1%

Current Streak4+ quarters decline

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Frequently Asked Questions

What is Chevron's deferred tax assets?: Chevron (CVX) reported deferred tax assets of $2.86B in Q4 2025.
How has Chevron's deferred tax assets changed year-over-year?: Chevron's deferred tax assets decreased by 18.6% year-over-year, from $3.52B to $2.86B.
What is the long-term trend for Chevron's deferred tax assets?: Over 5 years (2020 to 2025), Chevron's deferred tax assets has grown at a -11.5% compound annual growth rate (CAGR), from $5.29B to $2.86B.
What does deferred tax assets mean?: Future tax savings the company expects to realize based on past financial activities.