Investing
CapEx
Chevron CapEx decreased by 22.8% to $4.06B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 3.5%, from $3.93B to $4.06B. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 21.1% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| 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 | $1.80B | $1.91B | $2.61B | $1.96B | $3.18B | $3.00B | $3.84B | $3.04B | $3.76B | $4.67B | $4.36B | $4.09B | $3.97B | $4.06B | $4.34B | $3.93B | $3.71B | $4.44B | $5.26B | $4.06B |
| QoQ Change | — | +6.1% | +36.7% | -24.8% | +62.4% | -5.9% | +28.0% | -20.8% | +23.7% | +24.4% | -6.7% | -6.2% | -3.0% | +2.2% | +7.0% | -9.5% | -5.5% | +19.7% | +18.5% | -22.8% |
| YoY Change | — | — | — | — | +77.2% | +57.1% | +47.2% | +55.0% | +18.0% | +56.0% | +13.7% | +34.6% | +5.6% | -13.2% | -0.5% | -4.0% | -6.4% | +9.6% | +21.3% | +3.5% |
Range$1.80B – $5.26B
CAGR+18.7%
Avg YoY Growth+23.4%
Median YoY Growth+15.9%
CapEx at Other Companies
Frequently Asked Questions
- What is Chevron's capex?
- Chevron (CVX) reported capex of $4.06B in Q1 2026.
- How has Chevron's capex changed year-over-year?
- Chevron's capex increased by 3.5% year-over-year, from $3.93B to $4.06B.
- What is the long-term trend for Chevron's capex?
- Over 4 years (2021 to 2025), Chevron's capex has grown at a 21.1% compound annual growth rate (CAGR), from $8.06B to $17.35B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.