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 decreased by 20.2% year-over-year, from $2.07B 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?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Chevron CVX Income Tax

Income Tax at other companies

Exxon MobilXOM

$2.5B-30.1%

World KinectWKC

$6.6M+197%

EOG ResourcesEOG

$575M+38.9%

Par Pacific Holdings, Inc.PARR

$12.34M+279%

PED

PEDEVCOPED

-$868K-1,242%

ConocoPhillipsCOP

$1.18B-27.0%

Segments

By segment

See full

All Other-$158M-295%

By geography

See full

Int’l.$1.15B-24.5%

Other financials

Income statement

See full

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

See full

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

See full

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$330.13B+32.0%

Enterprise value$369.24B+34.6%

P/E30×+11.7×

P/S1.7×+0.5×

Profitability

See full

Gross margin43.2%+2.8pp

Net margin5.8%-2.0pp

FCF margin7.3%+0.5pp

Returns & leverage

See full

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 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 decreased by 20.2% year-over-year, from $2.07B 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?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.