
Chevron Corporation Income Statement 2025-2006 | CVX
Brief overview of profit and loss at Chevron Corporation
This overview is based on financial performance over the past five years. Revenue reported by Chevron Corporation was $94.7 billion at the beginning of the period and $189 billion at the end. The five-year change reached +99.6%, while CAGR stood at 14.8%. The trajectory reflects meaningful expansion of the business.
The gross result shifted from 42.5 billion dollars to 80.8 billion dollars, or +90%. The relationship between sales and direct costs deteriorated. The gross margin was 44.9% at the start and 42.8% at the end. The business retained less gross profit from each unit of revenue.
Over the period, EBITDA shifted from 19.5 billion dollars to 20.1 billion dollars, a change of +3.2%. Operating performance weakened relative to revenue. EBITDA margin moved from 20.6% to 10.7%. Cost pressure reduced operating profitability.
Net income moved from −5.5 billion dollars at the start to 12.3 billion dollars at the end. A negative result turned positive over the five years.
The five-year change in capitalization reached +134.6%: from $146 billion to $343 billion. The valuation did not keep pace with the reported progress.
Conclusion
Positive developments coexist with areas of weakness. Key strengths include revenue expansion and net-income growth. Caution is warranted because of pressure from direct costs and a declining EBITDA margin. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.
Annual Income Statement Chevron Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Market Cap |
343 B | 285 B | 290 B | 314 B | 220 B | 146 B | 210 B | 214 B | 236 B | 209 B | 162 B | 193 B | 223 B | 227 B | 205 B | 144 B | 138 B | 203 B | - | - |
Shares |
1.85 B | 1.81 B | 1.87 B | 1.93 B | 1.92 B | 1.87 B | 1.88 B | 1.9 B | 1.88 B | 1.87 B | 1.87 B | 1.88 B | 1.92 B | 1.95 B | 1.99 B | 2 B | 1.99 B | 2.04 B | - | - |
Historical Prices |
186 | 157 | 155 | 162 | 115 | 78.3 | 106 | 92.1 | 102 | 92.3 | 67.4 | 80.6 | 86.7 | 72.7 | 69.2 | 72.3 | 69.2 | 99.4 | 82.2 | 60 |
Net Income |
12.3 B | 17.7 B | 21.4 B | 35.5 B | 15.6 B | -5.54 B | 2.92 B | 14.8 B | 9.2 B | -497 M | 4.59 B | 19.2 B | 21.4 B | 26.2 B | 26.9 B | 19 B | 10.5 B | 23.9 B | 18.7 B | - |
Revenue |
189 B | 203 B | 201 B | 246 B | 162 B | 94.7 B | 147 B | 159 B | 135 B | 110 B | 130 B | 200 B | 220 B | 231 B | 246 B | 205 B | 172 B | 273 B | 221 B | - |
Cost of Revenue |
108 B | 119 B | 119 B | 145 B | 92.2 B | 52.1 B | 80.1 B | 94.6 B | 75.8 B | 59.3 B | - | - | - | - | - | - | - | - | - | - |
Gross Profit |
- | - | - | - | - | - | 37.2 B | 44.9 B | 39.6 B | 31.4 B | 39.1 B | 64 B | 71.3 B | 76.4 B | 66.7 B | - | - | - | - | - |
Interest Expense |
- | - | - | - | - | - | - | - | 2.61 B | 1.6 B | 3.87 B | 4.38 B | - | - | - | - | - | - | - | - |
EBITDA |
20.1 B | 17.3 B | 17.3 B | 16.3 B | 17.9 B | 19.5 B | 35.6 B | 40.7 B | 28.9 B | 17.5 B | 17.3 B | 36.5 B | 41.4 B | 59.7 B | 60.5 B | 13.1 B | 12.1 B | 9.53 B | 8.71 B | - |
Operating Expenses |
- | - | - | - | - | - | 30.4 B | 30.5 B | 37.1 B | 37.7 B | 42.8 B | 44.3 B | 44.1 B | 41.4 B | 34.5 B | - | - | - | - | - |
General and Administrative Expenses |
5.13 B | 4.83 B | 4.14 B | 4.31 B | 4.01 B | 4.21 B | - | - | - | - | - | - | - | - | - | 4.77 B | 4.53 B | 5.76 B | 5.93 B | - |
All numbers in USD currency
Quarterly Income Statement Chevron Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | 2009-Q2 | 2009-Q1 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Shares |
1.97 B | 1.98 B | 1.94 B | 1.72 B | 1.74 B | 1.8 B | 1.83 B | 1.84 B | 1.87 B | 1.87 B | 1.89 B | - | 1.93 B | 1.95 B | 1.94 B | - | 1.92 B | 1.92 B | 1.91 B | - | 1.85 B | 1.85 B | 1.86 B | - | 1.88 B | 1.89 B | 1.89 B | - | 1.9 B | 1.9 B | 1.9 B | - | 1.88 B | 1.88 B | 1.88 B | - | 1.87 B | 1.87 B | 1.87 B | - | 1.87 B | 1.87 B | 1.87 B | - | 1.88 B | 1.89 B | 1.9 B | - | 1.91 B | 1.92 B | 1.93 B | - | 1.95 B | 1.95 B | 1.96 B | - | 1.98 B | 1.99 B | 1.99 B | 2 B | 2 B | 1.99 B | 1.99 B | 1.99 B | 1.99 B |
Net Income |
12.1 B | 2.21 B | 3.54 B | 2.49 B | 3.5 B | 4.49 B | 4.43 B | 5.5 B | 6.53 B | 6.01 B | 6.57 B | - | 11.2 B | 11.6 B | 6.26 B | - | 6.11 B | 3.08 B | 1.38 B | - | -207 M | -8.27 B | 3.6 B | - | 2.58 B | 4.3 B | 2.65 B | - | 4.05 B | 3.41 B | 3.64 B | - | 1.95 B | 1.45 B | 2.68 B | - | 1.28 B | -1.47 B | -725 M | - | 2.04 B | 571 M | 2.57 B | - | 5.59 B | 5.66 B | 4.51 B | - | 4.95 B | 5.36 B | 6.18 B | - | 5.25 B | 7.21 B | 6.47 B | - | 7.83 B | 7.73 B | 6.21 B | 3.77 B | 5.41 B | 4.55 B | 3.83 B | 1.74 B | 1.84 B |
Revenue |
70.1 B | 48.6 B | 49.7 B | 44.8 B | 47.6 B | 50.7 B | 51.2 B | 48.7 B | 54.1 B | 48.9 B | 50.8 B | - | 66.6 B | 68.8 B | 54.4 B | - | 44.7 B | 37.6 B | 32 B | - | 24.5 B | 13.5 B | 31.5 B | - | 36.1 B | 38.8 B | 35.2 B | - | 44 B | 42.2 B | 37.8 B | - | 36.2 B | 34.5 B | 33.4 B | - | 30.1 B | 29.3 B | 23.6 B | - | 34.3 B | 40.4 B | 34.6 B | - | 54.7 B | 57.9 B | 53.3 B | - | 58.5 B | 57.4 B | 56.8 B | - | 58 B | 62.6 B | 60.7 B | - | 64.4 B | 68.9 B | 60.3 B | 49.7 B | 53 B | 48.2 B | 46.6 B | 40.2 B | 36.1 B |
Cost of Revenue |
36.6 B | 28.3 B | 27.4 B | 26.9 B | 28.6 B | 30.4 B | 30.9 B | 27.7 B | 32.3 B | 29 B | 29.4 B | - | 38.8 B | 40.7 B | 33.4 B | - | 23.8 B | 20.6 B | 17.6 B | - | 13.4 B | 8.14 B | 15.5 B | - | 19.9 B | 20.8 B | 19.7 B | - | 24.7 B | 24.7 B | 21.2 B | - | 18.8 B | 18.3 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interest Expense |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 159 M | - | 1.28 B | 287 M | 747 M | - | 426 M | 686 M | -93 M | - | 353 M | 2.36 B | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA |
6.08 B | 5.81 B | 5.78 B | 4.34 B | 4.12 B | 4.21 B | 4 B | 4.09 B | 4.02 B | 3.52 B | 3.53 B | - | 4.2 B | 3.7 B | 3.65 B | - | 4.3 B | 4.52 B | 4.29 B | - | 4.02 B | 6.72 B | 4.29 B | - | 4.36 B | 4.33 B | 4.09 B | - | 5.38 B | 4.5 B | 4.29 B | - | 5.11 B | 5.31 B | 4.19 B | - | 4.13 B | 6.72 B | 4.4 B | - | 4.27 B | 6.96 B | 4.41 B | - | 3.95 B | 3.84 B | 4.13 B | - | 3.66 B | 3.41 B | 3.48 B | - | 3.37 B | 3.28 B | 3.2 B | - | 3.22 B | 3.26 B | 3.13 B | 3.4 B | 3.14 B | 3.08 B | 2.99 B | 3.1 B | 2.87 B |
General and Administrative Expenses |
1.31 B | 1.07 B | 1.52 B | 889 M | 1.22 B | 1.19 B | 1.05 B | 1.01 B | 1.16 B | 1.13 B | 881 M | - | 1.03 B | 863 M | 967 M | - | 657 M | 1.1 B | 990 M | - | 832 M | 1.57 B | 683 M | - | 954 M | 1.08 B | 984 M | - | 1.02 B | 1.02 B | 723 M | - | 1.11 B | 927 M | 810 M | - | 1.11 B | 1.03 B | 998 M | - | 1.03 B | 1.17 B | 944 M | - | 1.12 B | 1.08 B | 927 M | - | 1.2 B | 1.14 B | 998 M | - | 1.35 B | 1.25 B | 940 M | - | 1.12 B | 1.2 B | 1.1 B | 1.18 B | 1.14 B | 1.04 B | 1.18 B | 1.04 B | 977 M |
All numbers in USD currency
The income statement is one of the three key financial reports of a company Chevron Corporation (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:
- How much revenue the company earned
- How much it spent on production, personnel, marketing, taxes, etc.
- What profit remained in the end
Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.
Features- The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
- Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
- A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.