Income Tax
Chevron Income Tax decreased by 77.2% to $1.65B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 446756756656.8%, from $0.37 to $1.65B. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 5.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Changes may reflect shifts in corporate tax law, geographic earnings mix, or the expiration of tax incentives.
Detailed definition
The total amount of income tax a company expects to pay to federal, state, and foreign governments based on its earnings...
Peer comparison
Global companies often have complex tax expenses due to earnings in multiple international jurisdictions.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.30 | $0.24 | $5.95B | $0.31 | $0.27 | $0.24 | $14.07B | $0.31 | $0.23 | $0.25 | $8.17B | $0.30 | $0.37 | $0.31 | $9.76B | $0.37 | $0.39 | $0.33 | $7.26B | $1.65B |
| QoQ Change | — | -20.0% | >999% | -100.0% | -12.9% | -11.1% | >999% | -100.0% | -25.8% | +8.7% | >999% | -100.0% | +23.3% | -16.2% | >999% | -100.0% | +5.4% | -15.4% | >999% | -77.2% |
| YoY Change | — | — | — | — | -10.0% | +0.0% | +136.4% | +0.0% | -14.8% | +4.2% | -41.9% | -3.2% | +60.9% | +24.0% | +19.4% | +23.3% | +5.4% | +6.5% | -25.6% | >999% |
Business Segments — Upstream
| Segment | FY'21 |
|---|---|
| Upstream | $6.13B |
| Downstream | $750.00M |
| Total | $5.95B |
All segment values are derived from annual filings.
Downstream, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Segment Total
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| All Other | -$40.00M | -$180.00M | -$123.00M | -$162.00M | -$158.00M |
| Total | $0.37 | $0.39 | $0.33 | $7.26B | $1.65B |
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Int’l. | $1.87B | $1.50B | $2.85B | $1.53B | $1.31B | $1.49B | $1.50B | $1.15B |
| Total | $0.37 | $0.31 | $9.76B | $0.37 | $0.39 | $0.33 | $7.26B | $1.65B |
Income Tax at Other Companies
Frequently Asked Questions
- What is Chevron's income tax?
- Chevron (CVX) reported income tax of $1.65B in Q1 2026.
- How has Chevron's income tax changed year-over-year?
- Chevron's income tax increased by 446756756656.8% year-over-year, from $0.37 to $1.65B.
- What is the long-term trend for Chevron's income tax?
- Over 4 years (2021 to 2025), Chevron's income tax has grown at a 5.1% compound annual growth rate (CAGR), from $5.95B to $7.26B.
- What does income tax mean?
- The amount of money a company sets aside to pay its corporate income taxes.