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Chevron CVX Net margin

Net margin at other companies

Exxon Mobil logo
Exxon MobilXOM
7.6%-1.9pp
EOG Resources logo
EOG ResourcesEOG
23%-3.1pp
ConocoPhillips logo
ConocoPhillipsCOP
12.6%-4.0pp
Imperial Oil logo
Imperial OilIMO
6.2%-3.2pp
Devon Energy logo
Devon EnergyDVN
13.7%-2.9pp
Permian Resources logo
Permian ResourcesPR
12.8%-9.9pp

Other financials

Income statement

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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

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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

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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$353.67B+39.2%
Enterprise value$392.78B+41.2%
P/E32.1×+15.9×
P/S1.9×+0.6×

Profitability

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Gross margin43.2%+2.8pp

Returns & leverage

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Return on equity6.6%-3.5pp
Debt / equity0.2×0.0×
Current ratio1.1×0.0×

Where this comes from

Calculated from Chevron’s reported figures.

Based on trailing twelve months.

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 margin?
Chevron (CVX) reported net margin of 5.8% in Q1 2026.
How has Chevron's net margin changed year-over-year?
Chevron's net margin decreased by 25.4% year-over-year, from 7.8% to 5.8%.
What is the long-term trend for Chevron's net margin?
Over 4 years (2021 to 2025), Chevron's net margin has grown at a 24.6% compound annual growth rate (CAGR), from 11.6% to 27.9%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.