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?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Chevron CVX CapEx

CapEx at other companies

Exxon MobilXOM

$6.47B+9.7%

World KinectWKC

$13.8M-9.2%

Par Pacific Holdings, Inc.PARR

$43.07M+5.2%

NewMarketNEU

$24.36M+87.1%

Clean Energy FuelsCLNE

$6.89M-8.0%

EOG ResourcesEOG

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Other financials

Income statement

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Revenue$48.6B+2.1%

Gross profit$20.3B+7.1%

Net income$2.2B-36.9%

EPS (diluted)$1.11-44.5%

Balance sheet

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Cash & equivalents$6.3B+2.4%

Total debt$45.4B+53.1%

Total equity$183.72B+23.1%

Total assets$329.55B+28.5%

Cash flow

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Operating cash flow$2.5B-51.6%

Free cash flow-$1.5B-223%

Valuation

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Market cap$343.03B+32.4%

Enterprise value$382.14B+35.3%

P/E31.2×+14.6×

P/S1.8×+0.5×

Profitability

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Gross margin43.2%+2.8pp

Net margin5.8%-2.0pp

FCF margin7.3%+0.5pp

Returns & leverage

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Return on equity6.6%-3.5pp

Debt / equity0.2×0.0×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Chevron in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Chevron’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.