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Chevron CVX Int’l. — Income Tax Expense (Benefit)

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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%
CapEx$4.1B+3.5%
Free cash flow-$1.5B-223%

Valuation

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Market cap$346.64B+35.8%
Enterprise value$385.75B+38.1%
P/E31.5×+12.9×
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:IncomeTaxExpenseBenefit.

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 int’l. — income tax expense (benefit)?
Chevron (CVX) reported int’l. — income tax expense (benefit) of $1.15B in Q1 2026.
How has Chevron's int’l. — income tax expense (benefit) changed year-over-year?
Chevron's int’l. — income tax expense (benefit) decreased by 24.5% year-over-year, from $1.53B to $1.15B.
What is the long-term trend for Chevron's int’l. — income tax expense (benefit)?
Over 4 years (2021 to 2025), Chevron's int’l. — income tax expense (benefit) has grown at a 7.3% compound annual growth rate (CAGR), from $4.4B to $5.83B.
What does int’l. — income tax expense (benefit) mean?
The provision for income taxes related specifically to the earnings generated by international operations. This reflects the impact of varying tax regimes, royalties, and fiscal policies in foreign jurisdictions.