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Chevron Income Statement

Revenue, expenses, and profitability over time

Chevron generated $190.03B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $11.0B with a 5.79% net margin. Diluted EPS is $5.74, which declined 0.3% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$190.03BGross Profit (TTM)$82.2BNet Income (TTM)$11.0BEps Diluted (TTM)$5.74
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$370.08B
P/E Ratio33.62
ROE6.61%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Paid)—$1.7—$1.7—$1.8
Common Stock Issued for Business Acquisition———$50.6B—$0
Common Stock Dividends Per Share—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
OCI Attributable to Noncontrolling Interest—$12M$25M$74M—$83M
Dividends per share declared—$1.7$1.7$1.7—$1.8
OCI - Cash flow hedge, net of tax—-$4M$23M$0—-$127M
OCI - Defined benefit plan, net of tax—-$34M-$52M$13M—-$17M
Other comprehensive income (loss), net of tax—-$4M$23M$0—-$127M
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Comprehensive Income Attributable to Parent—$3.6B$2.7B$3.6B—$2.2B
OCI Defined Benefit Reclassification Adjustment (Pre-Tax)—-$38M-$37M-$43M—-$37M
OCI Net Actuarial Gain (Loss)—-$1M$35M-$80M—$0
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$5M$13M-$2M—-$1M
Other Comprehensive Income (Loss)—-$34M-$52M$13M—-$17M
Prior Service Cost Reclassification Adjustment—-$2M-$1M-$4M—-$2M
Unrealized Gain (Loss) on Securities—$5M$13M-$2M—-$1M
OCI Cash Flow Hedge Gain (Loss)—-$4M$23M$0—-$127M
Common Dividends Per Share Paid—$1.7—$1.7—$1.8
Cash Dividend per Common Share—$1.7—$1.7—$1.8
OCI Amortization of Prior Service Costs—-$2M-$1M-$4M—-$2M
OCI Cash Flow Hedge Before Reclassification and Tax—-$23M$6M$7M—-$153M
OCI Pension Reclassification Adjustment Before Tax—-$38M-$37M-$43M—-$37M
OCI Pension Unamortized Gain (Loss) Arising Before Tax—-$1M$35M-$80M—$0
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
OCI Defined Benefit Plan Net of Tax—-$34M-$52M$13M—-$17M
Unrealized Gains (Losses) on Hedge Instruments—-$4M$23M$0—-$127M
Dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Interest Paid, Net—$124M$286M$163M—$292M
OCI Pension and Postretirement Before Reclassification, Tax—-$10M-$19M$1M—-$22M
OCI Unrealized Holding Gain (Loss) on Securities, Net of Tax—$5M$13M-$2M—-$1M
Comprehensive income (loss), including noncontrolling interest—$3.6B$2.7B$3.6B—$2.2B
Treasury stock transactions—$103M$96M$251M—$137M
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation—-$2.1B———-$969M
Dividends declared (in dollars per share)—$1.7$1.7$1.7—$1.8
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$3.6B$2.6B$3.5B—$2.1B
Less: comprehensive income attributable to noncontrolling interest—$12M$25M$74M—$83M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Deferred and other income taxes—$480M$29M$200M$277M-$264M
Defined benefit plans sponsored by equity affiliates - benefit (cost)—$9M$0$3M—$4M
Dividends, Common Stock, Cash—$3B$3B$3.6B—$3.7B
Dividends, Value, Common Stock, Stock—$9M$9M$9M—$11M
Dry hole expense$204M$112M$65M$68M$80M$84M
Effect of exchange rate changes on cash, cash equivalents and restricted cash—-$3M———-$23M
Effective tax rates—$0.4$0.4$0.3—$0.4
Distributions of earnings from equity method investees—$1.1B$1.4B$1.6B—$345M
Unrealized Gain (Loss), Foreign Currency Transaction, before Tax—-$130M———-$157M
Gain Loss On Sale Of Property Plant Equipment$1.4B$19M$280M$3M$160M$7M
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions—-$268M-$908M-$626M-$480M$400M
Income taxes paid—$2.6B$1.6B$1.4B—$1.5B
Increase (Decrease) in Accounts and Notes Receivable—-$1.1B———$7.2B
Accounts payable and other current liabilities—-$1.3B-$2.7B-$231M—$3.5B
Increase Decrease In Accrued Income Taxes Payable—-$1.3B-$356M——$445M
Increase (Decrease) in Deferred Charges—$172M———-$43M
Decrease in income before income tax expense—-$2.3B-$2.9B-$1.1B—-$1.6B
Increase (Decrease) In Income Tax Expense (Benefit)—-$300M-$1B-$192M—-$418M
Increase (Decrease) in Inventories—$201M-$354M$920M—$843M
Increase (Decrease) in Long-Term Receivables, Current-$60M$40M—$75M$47M-$58M
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Increase (Decrease) in Operating Capital—$2.4B———$4.6B
Increase (Decrease) In Operating Working Capital-$3.4B$2.4B—$555M—$4.6B
Increase (Decrease) in Prepaid Expense and Other Assets—$769M-$983M$589M—$488M
Debt$199M$212M$274M$370M$361M$345M
Interest Paid, Excluding Capitalized Interest, Operating Activity—$124M$286M$163M—$292M
Pre-medicare company contribution for retiree medical coverage, maximum percent—4.0%———4.0%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation-$8.8B-$1.7B-$6B-$4B-$7.4B-$448M
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation—-$5.6B-$3.4B-$1.9B-$4.9B-$3B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$8.7B$5.2B$8.6B$9.4B$10.8B$2.5B
Net Income Loss Attributable To Noncontrolling Interest—$12M$25M$74M—$83M
Operating and SG&A expenses—$7.6B$7.6B$9.1B—$8.7B
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax—$0———$0
Amortization of prior service costs/(credits)—-$2M-$1M-$4M—-$2M
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax—-$2M———-$36M
Cash flow hedges—-$23M$6M$7M—-$153M
Unrealized gains (losses) on hedge instruments—-$4M$23M$0—-$127M
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income—-$17M-$23M$6M—$10M
Foreign currency translation gains (losses)—$16M$54M-$9M—-$18M
Other comprehensive income (loss)—$51M$142M-$24M—-$129M
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax—-$34M-$52M$13M—-$17M
Net gains/(losses) arising during the period—-$1M———$0
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax—-$38M-$37M-$43M—-$37M
Net unrealized gains (losses) on securities still held—$5M$13M-$2M—-$1M
Other Noncash Income (Expense)$170M$534M-$583M-$3M$210M$382M
Payment for Other Postretirement Benefits—$42M$35M$35M—$44M
Current-year dry hole expenditures—$106M———$69M
Payments for Repurchase Excise Tax—$0———$0
Payments for Repurchase of Common Stock—$3.9B$2.6B$2.6B—$2.6B
Payments for Restructuring—$4M$60M$243M—$156M
Payments of Ordinary Dividends, Common Stock$2.9B$3B$2.9B$3.4B$3.4B$3.5B
Payments To Acquire Common Stock During Acquisition$0$2.2B———$0
Payments To Acquire Interest In Subsidiaries And Affiliates—$60M$41M$49M—$25M
Payments to Acquire Oil and Gas Property and Equipment—$3.8B$3.6B$4.3B—$4B
Payments to Acquire Productive Assets$4.3B$3.9B$3.7B$4.4B$5.3B$4.1B
Payments To Fund Longterm Loans To Related Parties—$87M$129M$47M—$41M
Payments to Noncontrolling Interests—$15M———$154M
Cash contributions for pension plans—$263M———$251M
Repayment of loans by equity affiliates—$21M$19M$1B—$1B
Proceeds from Equity Method Investment, Distribution, Return of Capital—$7M$51M$35M—$43M
Debt issued (Note 13)$75M$5.5B$0$5.7B$236M$99M
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options—$218M$11M$84M—$1.2B
Proceeds from Noncontrolling Interests—$4M—$4M—$2M
Proceeds From Payments For Long Term Loans For Related Parties-$76M-$66M-$110M$974M$0$979M
Transactions involving noncontrolling interests—-$11M———-$152M
Proceeds from (Repayments of) Short-Term Debt—-$400M$2.3B-$2.7B-$242M$5.4B
Short-term borrowings/(repayments) less than 90 days — net—-$784M-$147M-$723M—$2.2B
Proceeds from (Repurchase of) Equity-$4.5B-$3.7B-$2.7B-$2.5B-$2.9B-$1.4B
Proceeds from disposition of property, plant and equipment/other$7.1B$600M$390M$483M$353M$72M
Proceeds From Sale of Productive Assets And Equity Method Investment—$600M$390M$483M—$72M
Proceeds from sale of assets—$593M$339M$448M—$29M
Proceeds from Short-Term Debt—$2.3B$4.5B——$4.1B
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$716M$61M$2.6B$906M$918M$874M
Repayments of Short-Term Debt—$1.9B$2B$2B—$856M
Revenue From Contract With Customer Excluding Assessed Tax$48.3B$46.1B$44.4B$48.2B$45.8B$47.6B
Issuance of common stock and reissuance of treasury stock under equity incentive plans, net of forfeitures, value—$217M$159M$85M—$1.2B
Stockholders' Equity, Other—$0$1M$0—-$2M
Maturities of time deposits—$4M$5M$5M—$4M
Time deposits purchased—$4M$5M$3M—$4M
Treasury stock, value, acquired—$4B$2.8B$2.6B—$2.6B
Comprehensive Income (Loss), Total—$3.6B$2.7B$3.6B—$2.2B
OCI Benefit Plans Actuarial Gain (Loss), Before Tax—-$1M$35M-$80M—$0
OCI Defined Benefit Plan Prior Service Cost, Before Tax—$0$0-$24M—$0
OCI Defined Benefit Plan Reclassification, Before Tax—-$38M-$37M-$43M—-$37M
Unrealized Gain (Loss) on Derivatives, Net—-$23M$6M$7M—-$153M
Cash Dividends, Common Stock$2.9B$3B$2.9B$3.4B$3.4B$3.5B
Comprehensive Income Attributable to Noncontrolling Interests—$12M$25M$74M—$83M
Comprehensive Income, Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Foreign Currency Translation Adjustment, Net of Tax—$16M$54M-$9M—-$18M
OCI Defined Benefit Plan, After Tax—-$34M-$52M$13M—-$17M
Other Comprehensive Income (Loss)—$3.6B$2.6B$3.5B—$2.1B
OCI Pension Adjustments—-$34M-$52M$13M—-$17M
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Comprehensive Income Including Noncontrolling Interest—$3.6B$2.7B$3.6B—$2.2B
Total Comprehensive Income—$3.6B$2.7B$3.6B—$2.2B
Comprehensive Income, Noncontrolling Interest—$12M$25M$74M—$83M
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
OCI Pension Reclassification Adjustment, Pre-tax—-$34M-$52M$13M—-$17M
OCI Pension Unamortized Gain (Loss), Pre-tax—-$1M$35M-$80M—$0

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Declared)—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Dividends Per Share, Cash Paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Cash Paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Basic earnings per share$1.85$2.01$1.45$1.83$1.36$1.12
Diluted earnings per share$1.84$2.00$1.45$1.82$1.36$1.11
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends per share declared—$1.7$1.7$1.7—$1.8
Dividends per Share Declared—$1.7$1.7$1.7—$1.8
Dividends per common share—$1.7—$1.7—$1.8
Dividends Per Share (Paid)—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share (Cash Paid)—$1.7—$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share cash paid—$1.7—$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common Stock Dividends Per Share Declared—$1.7$1.7$1.7—$1.8
Common stock dividends per share declared—$1.7$1.7$1.7—$1.8
Weighted-average shares, basic—1.7B1.7B1.9B—2B
Weighted-average shares, diluted—1.8B1.7B1.9B—2B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Effective Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Effective Income Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Income Taxes on Defined Benefit Plans—-$10M-$19M$1M—-$22M
Effective Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Income tax expense$2.8B$2.1B$1.6B$1.8B$1.8B$1.7B
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Deferred Income Tax Expense—$480M$29M$200M$277M-$264M
Effective Tax Rate (Continuing Operations)—$0.4$0.4$0.3—$0.4
Effective Income Tax Rate—$0.4$0.4$0.3—$0.4
Effective Tax Rate, Continuing Operations—$0.4$0.4$0.3—$0.4
Deferred and Other Income Taxes—$480M$29M$200M$277M-$264M
Effective Tax Rate Continuing Operations—$0.4$0.4$0.3—$0.4

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)$170M$534M-$583M-$3M$210M$382M
Cash Paid for Interest—$124M$286M$163M—$292M
Other non-cash income (expense)$170M$534M-$583M-$3M$210M$382M
Income from equity method investments$688M$820M$536M$981M$663M$745M
Equity Method Investment Dividends—$1.1B$1.4B$1.6B—$345M
Net Change in Cash Flow Hedges—-$4M$23M$0—-$127M
OCI Defined Benefit Plans—-$34M-$52M$13M—-$17M
Other Non-Cash Income (Expense)$170M$534M-$583M-$3M$210M$382M
Distributions of earnings from equity method investees—$1.1B$1.4B$1.6B—$345M
Non-service pension and postretirement benefit expense$50M$11M$83M$70M$149M-$18M
Other Non-cash Income (Expense)$170M$534M-$583M-$3M$210M$382M
Other Non-Cash Income (Expense)$170M$534M-$583M-$3M$210M$382M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Dividends Declared (Per Share)—$1.7$1.7$1.7—$1.8
Comprehensive income (loss), including noncontrolling interest—$3.6B$2.7B$3.6B—$2.2B
Common Stock Dividends$2.9B$3B$2.9B$3.4B$3.4B$3.5B
Net income attributable to noncontrolling interests—$12M$25M$74M—$83M
Net income$3.2B$3.5B$2.5B$3.5B$2.8B$2.2B
Common Stock Dividends$2.9B$3B$2.9B$3.4B$3.4B$3.5B

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Dry Hole Expense$449M$187M$252M$288M$324M$205M
Exploration Expense$449M$187M$252M$288M$324M$205M
Shipping and Handling Costs$7.6B$6.4B$6.7B$7.5B$7.4B$7.7B
Depreciation and amortization$5B$4.1B$4.3B$5.8B$5.9B$5.8B
Other Costs and Expenses—$1.7B$1.8B$2B—$1.9B
Other operating charges—$1.7B$1.8B$2B—$1.9B
Other taxes and duties$1.1B$1.3B$1.3B$1.3B$1.3B$1.3B
Selling, general and administrative$1.6B$1.2B$889M$1.5B$1.5B$1.1B
Total operating expenses$46.2B$42B$40.7B$44.3B$42.3B$44.7B

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$22.1B$19B$18B$22.3B$21.5B$20.3B

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$6.1B$5.6B$4.1B$5.4B$4.6B$3.9B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income (loss) from equity affiliates$688M$820M$536M$981M$663M$745M
Other income (loss)—$689M-$89M$576M—$306M
Total revenue$52.2B$47.6B$44.8B$49.7B$46.9B$48.6B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$30.1B$28.6B$26.9B$27.4B$25.3B$28.3B