What is Chevron's upstream — after tax loss?

Chevron (CVX) reported upstream — after tax loss of $441.25M in Q4 2025.

What is the long-term trend for Chevron's upstream — after tax loss?

Over 2 years (2022 to 2025), Chevron's upstream — after tax loss has grown at a 28.1% compound annual growth rate (CAGR), from $1.08B to $1.77B.

What does upstream — after tax loss mean?

Represents the net financial loss incurred by the upstream exploration and production segment after accounting for all applicable income taxes. This metric highlights the bottom-line performance of core oil and gas extraction activities during periods of market volatility or operational challenges.

Chevron CVX Upstream — After tax loss

Similar metrics at other companies

IMOUpstream — Income (loss) before income taxes

61,600,000,000%-34,400,000,000pp

IMOUpstream — Net income (loss)

$470M-35.7%

TALOUpstream — Profit Loss

-$256M-2,494%

IMODownstream — Income (loss) before income taxes

80,200,000,000%+3,700,000,000pp

TALOUpstream — Income Tax Expense Benefit

-$65.29M-71,649%

TALOUpstream — Income Loss From Equity Method Investments

$6.67M+1,461%

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 cvx:GainLossOnImpairmentChargesAndOtherAssetsWriteOffs.

The official record: Chevron’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chevron's upstream — after tax loss?: Chevron (CVX) reported upstream — after tax loss of $441.25M in Q4 2025.
What is the long-term trend for Chevron's upstream — after tax loss?: Over 2 years (2022 to 2025), Chevron's upstream — after tax loss has grown at a 28.1% compound annual growth rate (CAGR), from $1.08B to $1.77B.
What does upstream — after tax loss mean?: Represents the net financial loss incurred by the upstream exploration and production segment after accounting for all applicable income taxes. This metric highlights the bottom-line performance of core oil and gas extraction activities during periods of market volatility or operational challenges.