Downstream — Equity in Earnings

Business Segments · Equity in Earnings

Chevron Downstream — Equity in Earnings remained flat by 0.0% to $202.50M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 20.7%, from $255.25M to $202.50M. Over 4 years (FY 2021 to FY 2025), Downstream — Equity in Earnings shows a downward trend with a -21.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ4 2025

How to read this metric

Higher earnings signal strong performance from joint venture partners and favorable market conditions for shared assets.

Detailed definition

The segment's proportional share of the net income or loss generated by its equity method investees. This reflects the p...

Peer comparison

Commonly used by peers like ExxonMobil or Shell to measure the contribution of non-consolidated downstream assets.

Metric ID: cvx_segment_downstream_equity_in_earnings

Historical Data

5 years
 FY'21FY'22FY'23FY'24FY'25
Value$2.15B$1.97B$1.26B$1.02B$810.00M
YoY Change-8.5%-36.1%-18.6%-20.7%
Range$810.00M$2.15B
CAGR-21.6%
Avg YoY Growth-21.0%
Median YoY Growth-19.7%
Current Streak4+ years decline

Frequently Asked Questions

What is Chevron's downstream — equity in earnings?
Chevron (CVX) reported downstream — equity in earnings of $202.50M in Q4 2025.
How has Chevron's downstream — equity in earnings changed year-over-year?
Chevron's downstream — equity in earnings decreased by 20.7% year-over-year, from $255.25M to $202.50M.
What is the long-term trend for Chevron's downstream — equity in earnings?
Over 4 years (2021 to 2025), Chevron's downstream — equity in earnings has grown at a -21.6% compound annual growth rate (CAGR), from $2.15B to $810.00M.
What does downstream — equity in earnings mean?
The profit earned from the segment's share of joint ventures and partnerships.

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