Net Income
Chevron Net Income decreased by 19.4% to $2.29B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 34.7%, from $3.51B to $2.29B. Over 4 years (FY 2021 to FY 2025), Net Income shows a downward trend with a -5.6% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase signals improved profitability and potential for higher dividends or reinvestment, while a decrease may indicate rising costs or slowing sales.
Detailed definition
Net income represents the total profit of the company after all operating expenses, interest, taxes, and preferred stock...
Peer comparison
Peer companies in the consumer electronics and software sectors typically trade on multiples of this figure, though it can be impacted by one-time tax events.
net_income_cfHistorical 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 | $3.09B | $6.12B | $5.08B | $6.28B | $11.72B | $11.24B | $6.38B | $6.61B | $6.01B | $6.56B | $2.24B | $5.55B | $4.44B | $4.50B | $3.26B | $3.51B | $2.52B | $3.61B | $2.85B | $2.29B |
| QoQ Change | — | +97.6% | -16.9% | +23.5% | +86.6% | -4.1% | -43.2% | +3.6% | -9.0% | +9.1% | -65.8% | +147.5% | -20.0% | +1.2% | -27.5% | +7.8% | -28.4% | +43.7% | -21.3% | -19.4% |
| YoY Change | — | — | — | — | +278.6% | +83.8% | +25.5% | +5.2% | -48.7% | -41.7% | -64.8% | -16.0% | -26.0% | -31.4% | +45.3% | -36.7% | -43.4% | -19.6% | -12.7% | -34.7% |
Business Segments — Upstream
| Segment | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 |
|---|---|---|---|---|---|---|---|---|
| Upstream | $8.56B | $9.31B | $5.16B | $4.94B | $5.76B | $5.24B | $4.47B | $4.59B |
| Downstream | $3.52B | $2.53B | $1.80B | $1.51B | $1.68B | $783.00M | $597.00M | $595.00M |
| Total | $11.72B | $11.24B | $6.61B | $6.01B | $6.56B | $5.55B | $4.44B | $4.50B |
Downstream, Upstream were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — All Other
| Segment | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|
| All Other | -$583.00M | -$974.00M | -$900.00M | -$1.09B | -$882.00M |
| Total | $3.51B | $2.52B | $3.61B | $2.85B | $2.29B |
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Int’l. | $2.63B | $3.09B | $2.98B | $2.12B | $1.64B | $2.52B | $2.37B | $784.00M |
| Total | $4.44B | $4.50B | $3.26B | $3.51B | $2.52B | $3.61B | $2.85B | $2.29B |
Net Income at Other Companies
Frequently Asked Questions
- What is Chevron's net income?
- Chevron (CVX) reported net income of $2.29B in Q1 2026.
- How has Chevron's net income changed year-over-year?
- Chevron's net income decreased by 34.7% year-over-year, from $3.51B to $2.29B.
- 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 -5.6% compound annual growth rate (CAGR), from $15.69B to $12.49B.
- What does net income mean?
- The company's total profit after all expenses and taxes have been paid.