Discontinued — last reported Q4 '25
Total Cost of Revenue
Cost of RevenueChevron Total Cost of Revenue decreased by 7.5% to $25.35B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 15.9%, from $30.15B to $25.35B. Over 4 years (FY 2021 to FY 2025), Total Cost of Revenue shows an upward trend with a 4.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase relative to revenue suggests declining efficiency or rising input costs, whereas a decrease suggests better operational scaling.
Detailed definition
The direct costs associated with producing and delivering the goods and services sold by the company. This typically inc...
Peer comparison
Cloud-heavy companies monitor this closely as a measure of data center and infrastructure efficiency.
is_total_cost_of_revenueHistorical 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $20.63B | $23.83B | $27.34B | $32.65B | $40.00B | $38.09B | $34.67B | $29.41B | $28.98B | $32.33B | $28.48B | $27.74B | $30.87B | $30.45B | $30.15B | $28.61B | $26.86B | $27.40B | $25.35B |
| QoQ Change | — | +15.5% | +14.7% | +19.4% | +22.5% | -4.8% | -9.0% | -15.2% | -1.4% | +11.5% | -11.9% | -2.6% | +11.3% | -1.4% | -1.0% | -5.1% | -6.1% | +2.0% | -7.5% |
| YoY Change | — | — | — | — | +93.9% | +59.8% | +26.8% | -9.9% | -27.5% | -15.1% | -17.9% | -5.7% | +6.5% | -5.8% | +5.9% | +3.1% | -13.0% | -10.0% | -15.9% |
Business Segments
Geographic Breakdown
Product Breakdown
Total Cost of Revenue at Other Companies
Frequently Asked Questions
- What is Chevron's total cost of revenue?
- Chevron (CVX) reported total cost of revenue of $25.35B in Q4 2025.
- How has Chevron's total cost of revenue changed year-over-year?
- Chevron's total cost of revenue decreased by 15.9% year-over-year, from $30.15B to $25.35B.
- What is the long-term trend for Chevron's total cost of revenue?
- Over 4 years (2021 to 2025), Chevron's total cost of revenue has grown at a 4.9% compound annual growth rate (CAGR), from $89.37B to $108.21B.
- What does total cost of revenue mean?
- The direct expenses a company pays to create and deliver what it sells.