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Chevron CVX

$206.86
+$1.35 (+0.65%)
Market open · Sep 24, 2:00 pm ET
After hours $205.52 +0.00%
Open$207.23
Prev close$205.51
Day range$204.88 – $208.10
Volume5.68M
Market cap$408.70B
P/E (TTM)19.9
Dividend yield3.37%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$67.20B+51.4% YoY
Operating profit$14.28B+251.9% YoY
Net profit$12.21B+385.6% YoY
Diluted EPS$6.11+321.4% YoY
Free cash flow$18.10B+272.0% YoY
Operating cash flow$22.63B

Revenue, last 8 quarters

$48.9BSep '24$48.3BDec '24$46.1BMar '25$44.4BJun '25$48.2BSep '25$45.8BDec '25$47.6BMar '26$67.2BJun '26

Net profit, last 8 quarters

$4.5BSep '24$3.3BDec '24$3.5BMar '25$2.5BJun '25$3.6BSep '25$2.8BDec '25$2.3BMar '26$12.2BJun '26

Diluted EPS by quarter

2.48Sep '241.84Dec '242.00Mar '251.45Jun '251.82Sep '251.39Dec '251.11Mar '266.11Jun '26

Free cash flow by quarter

$5.6BSep '24$4.4BDec '24$1.3BMar '25$4.9BJun '25$4.9BSep '25$5.5BDec '25$-1.5BMar '26$18.1BJun '26

Annual revenue

$94.5BFY20$155.6BFY21$235.7BFY22$196.9BFY23$193.4BFY24$184.4BFY25

Profitability & balance sheet

Gross margin32.4%
Operating margin12.4%
Net margin9.9%
Return on equity12.2%
Return on assets7.1%
Return on invested capital10.7%
Current ratio1.25
Liabilities / assets40.8%
Cash & investments$8.53B
Total debt$37.08B
Net cash (debt)-$28.55B
Free cash flow / sales12.9%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Downstream$54.13B 61.0%
  • Upstream$34.49B 38.9%
  • All other$161.00M 0.2%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Revenue as Reported $67.20B $47.56B $184.43B $45.79B $48.17B
Total Operating Revenue $67.20B $47.56B $184.43B $45.79B $48.17B
Cost of Revenue $42.69B $34.07B $128.35B $31.23B $33.18B
Gross Profit $24.51B $13.48B $56.09B $14.56B $14.99B
Operating Expense $10.23B $10.26B $39.41B $10.53B $10.69B
Selling and Admin Expenses $1.31B $1.07B $5.13B $1.49B $1.52B
Other Taxes $1.21B $1.31B $5.23B $1.33B $1.35B
Other Operating Expenses $7.71B $7.88B $29.06B $7.71B $7.82B
Operating Profit $14.28B $3.22B $16.67B $4.02B $4.30B
Net Non-Operating Interest Income (Expense) -$352.00M -$345.00M -$1.22B -$361.00M -$370.00M
Non-Operating Interest Expense $352.00M $345.00M $1.22B $361.00M $370.00M
Other Income (Expense) $2.76B $1.07B $4.29B $937.00M $1.49B
Earnings from Equity Interest $2.13B $745.00M $3.00B $663.00M $981.00M
Other Non-Operating Income (Expenses) $635.00M $324.00M $1.29B $274.00M $506.00M
Pretax Profit $16.68B $3.95B $19.74B $4.60B $5.41B
Tax $4.47B $1.65B $7.26B $1.75B $1.80B
Net Profit $12.21B $2.29B $12.49B $2.85B $3.61B
Profit from Continuing Operations $12.21B $2.29B $12.49B $2.85B $3.61B
Minority Interests $142.00M $83.00M $186.00M $75.00M $74.00M
Net Income to Parent Company $12.07B $2.21B $12.30B $2.77B $3.54B
Net Income to Common Stockholders $12.07B $2.21B $12.30B $2.77B $3.54B
Basic EPS $6.13 $1.12 $6.65 $1.39 $1.83
Diluted EPS $6.11 $1.11 $6.63 $1.39 $1.82
Dividend Per Share $1.78 $1.78 $6.84 $1.71 $1.71

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $330.14B $329.55B $324.01B $324.01B $326.50B
Total Current Assets $49.14B $46.16B $38.55B $38.55B $40.87B
Cash and Cash Equivalents & Short-Term Investments $8.53B $5.33B $6.30B $6.30B $7.73B
-Cash and Cash Equivalents $8.53B $5.32B $6.29B $6.29B $7.73B
-Short Term Investments $3.00M $4.00M $4.00M $4.00M $2.00M
Receivables $24.58B $25.26B $18.08B $18.08B $17.89B
-Accounts Receivable $24.58B $25.26B $18.08B $18.08B $17.89B
Inventory $10.52B $10.55B $9.71B $9.71B $10.44B
Other Current Assets $5.51B $5.02B $4.47B $4.47B $4.82B
Total Non-Current Assets $281.00B $283.39B $285.46B $285.46B $285.64B
Net PPE $215.94B $218.15B $219.73B $219.73B $219.49B
-Gross PPE $440.71B $438.92B $434.96B $434.96B $429.27B
-Accumulated Depreciation -$224.78B -$220.77B -$215.23B -$215.23B -$209.78B
Investments and Advances $42.35B $43.23B $43.87B $43.87B $44.40B
Non Current Accounts Receivables $903.00M $976.00M $1.04B $1.04B $987.00M
Goodwill and Other Intangible Assets $4.57B $4.57B $4.57B $4.57B $4.57B
-Goodwill $4.57B $4.57B $4.57B $4.57B $4.57B
Other Non-Current Assets $17.25B $16.47B $16.26B $16.26B $16.19B
Total Liabilities $134.58B $140.18B $131.84B $131.84B $130.90B
Total Current Liabilities $39.24B $42.18B $33.39B $33.39B $35.47B
Payables $28.00B $26.00B $21.65B $21.65B $21.34B
-Accounts Payable $24.42B $23.18B $19.28B $19.28B $19.07B
-Total Tax Payable $3.58B $2.82B $2.37B $2.37B $2.27B
Current Accrued Expenses $10.84B $10.35B $10.76B $10.76B $10.54B
Short-Term Debt and Capital Lease Obligation $401.00M $5.83B $977.00M $977.00M $3.59B
-Current Debt $401.00M $5.83B $191.00M $191.00M $3.59B
Total Non-Current Liabilities $95.34B $98.00B $98.45B $98.45B $95.43B
Long Term Debt and Capital Lease Obligation $36.67B $39.60B $39.78B $39.78B $37.95B
-Long Term Debt $36.67B $39.60B $39.12B $39.12B $37.95B
Non-Current Deferred Liabilities $30.34B $29.95B $30.01B $30.01B $29.80B
Employee Benefits $3.93B $3.92B $4.11B $4.11B $4.09B
Other Non-Current Liabilities $24.39B $24.54B $24.54B $24.54B $23.59B
Total Equity $195.56B $189.37B $192.18B $192.18B $195.60B
Stockholders' Equity $189.88B $183.72B $186.45B $186.45B $189.84B
Capital Stock $1.83B $1.83B $1.83B $1.83B $1.83B
-Common Stock $1.83B $1.83B $1.83B $1.83B $1.83B
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $34.00B $33.89B $33.89B $33.89B $33.81B
Retained Earnings $212.60B $204.04B $205.37B $205.37B $206.01B
Less: Treasury Stock $56.19B $53.21B $51.93B $51.93B $48.98B
Gains/Losses Not Affecting Retained Earnings -$2.35B -$2.83B -$2.70B -$2.70B -$2.83B
Minority Interests $5.68B $5.66B $5.73B $5.73B $5.76B
-Current Capital Lease Obligation – – $786.00M $786.00M –
-Long Term Capital Lease Obligation – – $659.00M $659.00M –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $22.63B $2.51B $33.94B $10.79B $9.39B
Net cash flow from continuing operations $22.63B $2.51B $33.94B $10.79B $9.39B
Net Income from Continuing Operations $12.21B $2.29B $12.49B $2.85B $3.61B
Gain/Loss from Continuing Operations -$2.11B -$588.00M -$2.42B -$522.00M -$1.01B
Depreciation & Depletion & Amortization $6.00B $5.89B $20.46B $5.96B $6.03B
Deferred Tax $298.00M -$264.00M $986.00M $277.00M $200.00M
Other Non-Cash Items $132.00M -$640.00M -$1.21B -$420.00M -$271.00M
Change in Working Capital $3.11B -$4.52B -$1.65B $1.50B -$783.00M
-Change in Receivables $701.00M -$7.14B $3.70B -$236.00M $854.00M
-Change in Inventory $39.00M -$843.00M $51.00M $818.00M -$920.00M
-Change in Prepaid Assets -$390.00M -$488.00M -$109.00M $266.00M -$589.00M
-Change in Payables and Accrued Expense $2.67B $3.91B -$4.78B $782.00M $25.00M
-Change In Other Working Capital $90.00M $43.00M -$508.00M -$128.00M -$153.00M
Net cash flow from investing -$4.25B -$3.01B -$15.91B -$4.93B -$1.93B
Net Cash Flow from Continuing Investing Activities -$4.25B -$3.01B -$15.91B -$4.93B -$1.93B
Capital Expenditure -$4.54B -$4.06B -$17.35B -$5.26B -$4.44B
Net Business Purchase and Sale $7.00M $43.00M -$1.02B $56.00M $1.09B
Net Other Investing Changes $275.00M $1.01B $2.46B $277.00M $1.42B
Financing Cash Flow -$15.10B -$448.00M -$19.06B -$7.37B -$4.04B
Net Cash Flow from Continuing Financing Activities -$15.10B -$448.00M -$19.06B -$7.37B -$4.04B
Net Issuance Payments Of Debt -$8.41B $4.64B $5.87B -$924.00M $2.06B
Net Common Stock Issuance -$3.00B -$2.57B -$12.08B -$3.00B -$2.57B
Cash Dividends Paid -$3.50B -$3.53B -$12.75B -$3.40B -$3.43B
Proceeds from Stock Option Exercised $49.00M $1.16B $370.00M $57.00M $84.00M
Net Other Financing Charges -$231.00M -$152.00M -$469.00M -$103.00M -$190.00M
Ending Cash Balance $9.58B $6.32B $7.29B $7.29B $8.78B
Net Change in Cash $3.28B -$946.00M -$1.04B -$1.52B $3.41B
Beginning Cash Balance $6.32B $7.29B $8.26B $8.78B $5.38B
Effect of Exchange Rate Changes -$18.00M -$23.00M $58.00M $17.00M -$6.00M
Free Cash Flow $18.10B -$1.55B $16.59B $5.53B $4.94B
Net Investment Purchase and Sale – – $1.00M -$1.00M $2.00M
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