What is Chevron's net income?

Chevron (CVX) reported net income of $2.21B in Q1 2026.

How has Chevron's net income changed year-over-year?

Chevron's net income decreased by 36.9% year-over-year, from $3.5B to $2.21B.

What is the long-term trend for Chevron's net income?

Over 4 years (2021 to 2025), Chevron's net income has grown at a -5.8% compound annual growth rate (CAGR), from $15.63B to $12.3B.

What does net income mean?

The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

Chevron CVX Net Income

Net Income at other companies

Exxon MobilXOM

$4.18B-45.8%

World KinectWKC

$26.2M+224%

EOG ResourcesEOG

$1.98B+35.3%

Par Pacific Holdings, Inc.PARR

$54.45M+279%

ConocoPhillipsCOP

$2.18B-23.4%

NewMarketNEU

$118.07M-6.3%

Segments

By segment

See full

All Other-$882M-51.3%

By geography

See full

Int’l.$784M-63.1%

Other financials

Income statement

See full

Revenue$48.6B+2.1%

Gross profit$20.3B+7.1%

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

See full

Market cap$343.03B+32.4%

Enterprise value$382.14B+35.3%

P/E31.2×+14.6×

P/S1.8×+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:NetIncomeLoss.

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 net income?: Chevron (CVX) reported net income of $2.21B in Q1 2026.
How has Chevron's net income changed year-over-year?: Chevron's net income decreased by 36.9% year-over-year, from $3.5B to $2.21B.
What is the long-term trend for Chevron's net income?: Over 4 years (2021 to 2025), Chevron's net income has grown at a -5.8% compound annual growth rate (CAGR), from $15.63B to $12.3B.
What does net income mean?: The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.