Skip to content
Screener

Chevron CVX Dry hole expense

Dry hole expense at other companies

Murphy Oil logo
Murphy OilMUR
$0
Murphy Oil logo
Murphy OilMUR
$7.75M+1,248%
Murphy Oil logo
Murphy OilMUR
-$225K-101%
ConocoPhillips logo
ConocoPhillipsCOP
$20M
Devon Energy logo
Devon EnergyDVN
$25M+150%
Freeport-McMoRan Inc. logo
Freeport-McMoRan Inc.FCX
$38M-2.6%

Other financials

Income statement

See full
Revenue$70.1B+56.3%
Gross profit$33.4B+86.2%
Net income$12.1B+385%
EPS (diluted)$6.11+321%

Balance sheet

See full
Cash & equivalents$9.6B+78.3%
Total debt$37.1B+25.8%
Total equity$189.88B+29.7%
Total assets$330.14B+31.6%

Cash flow

See full
Operating cash flow$22.6B+164%
CapEx$4.5B+22.3%
Free cash flow$18.1B+272%

Valuation

See full
Market cap$371.27B+19.5%
Enterprise value$398.76B+19.1%
P/E18×-4.6×
P/S1.7×+0.1×

Profitability

See full
Gross margin45.4%+4.8pp
Net margin9.6%+2.5pp
FCF margin12.5%+4.3pp

Returns & leverage

See full
Return on equity12.2%+3.3pp
Debt / equity0.2×0.0×
Current ratio1.3×+0.3×

Where this comes from

Reported directly by Chevron in its filing.

Tagged under the XBRL concept cvx:DryHoleExpense.

The source filing: Chevron’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 11:12 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000093410-26-000167
Line itemSix Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Net Income (Loss)$14,507$6,027
Adjustments
Depreciation, depletion and amortization11,8908,467
Dry hole expense144177
Distributions more (less) than income from equity affiliates4741,176
Net before-tax losses (gains) on asset retirements and sales(232)(299)
Net foreign currency effects168470
Deferred income tax provision34509

Item 1.Consolidated Financial Statements

FAQ

What is Chevron's dry hole expense?
Chevron (CVX) reported dry hole expense of $60M in Q2 2026.
How has Chevron's dry hole expense changed year-over-year?
Chevron's dry hole expense decreased by 7.7% year-over-year, from $65M to $60M.
What is the long-term trend for Chevron's dry hole expense?
Over 4 years (2021 to 2025), Chevron's dry hole expense has grown at a 28.8% compound annual growth rate (CAGR), from $118M to $325M.
What does dry hole expense mean?
Dry hole expense as reported by Chevron Corporation.

Ask your AI about Chevron's dry hole expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude