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Chevron CVX Return on invested capital

Return on invested capital at other companies

Exxon Mobil logo
Exxon MobilXOM
9.3%-5.0pp
World Kinect logo
World KinectWKC
-3.1%-1.3pp
EOG Resources logo
EOG ResourcesEOG
17.6%-4.0pp
Par Pacific Holdings, Inc. logo
Par Pacific Holdings, Inc.PARR
18%+17.3pp
PED
PEDEVCOPED
-0.9%
ConocoPhillips logo
ConocoPhillipsCOP
9.3%-4.5pp

Other financials

Income statement

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

Balance sheet

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Cash & equivalents$8.5B+58.6%
Total debt$37.1B+25.8%
Total equity$189.88B+29.7%
Total assets$330.14B+31.6%

Cash flow

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Operating cash flow$22.6B+164%
CapEx-$4.5B-222%
Free cash flow$18.1B+272%

Valuation

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Market cap$392.01B+27.6%
P/E19×-3.4×
P/S1.8×+0.2×

Profitability

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

Returns & leverage

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Return on equity12.2%+3.3pp
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 source filing: Chevron’s 8-K, filed July 31, 2026. Open the filing →

Filed
Jul 31, 2026, 6:16 AM EDT
Accession
0000093410-26-000162

FAQ

What is Chevron's return on invested capital?
Chevron (CVX) reported return on invested capital of 11.1% in Q2 2026.
How has Chevron's return on invested capital changed year-over-year?
Chevron's return on invested capital increased by 35.0% year-over-year, from 8.2% to 11.1%.
What is the long-term trend for Chevron's return on invested capital?
Over 5 years (2020 to 2025), Chevron's return on invested capital has grown at a 10.6% compound annual growth rate (CAGR), from -3.9% to 6.5%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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