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NYSE · Energy

CHEVRON CORP (CVX)

As-reported financials and SEC filings for CHEVRON CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About CHEVRON CORP

Chevron Corporation manages investments in subsidiaries and provides support to its U.S. and international subsidiaries engaged in integrated energy and chemicals operations. Its upstream activities include exploring, developing, producing, and transporting crude oil and natural gas, as well as related processing and transportation services. The downstream operations focus on refining crude oil into petroleum products, marketing fuels and lubricants, manufacturing renewable fuels and petrochemicals, and transporting these products globally. Chevron serves industrial and individual consumers worldwide.

Snapshot

Revenue
$184.43B
Revenue growth (YoY)
-4.6%
Net income
$12.30B
Diluted EPS
$6.63
Gross margin
41.3%
Operating margin
Net margin
6.7%
FCF margin
9.0%
ROE
6.4%
net income / fiscal-year-end equity
P/E
20.6×
trailing when available, otherwise FY EPS
Market cap
$417.35B
Long-term debt / equity
0.21×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Chevron

  • Revenue fell 4.6% to $184.4B in FY2025, after a 1.8% decline the year before.
  • Most recent quarter Q2 FY2026: revenue $67.2B, up 51.4% from Q2 FY2025.
  • Free cash flow was $16.6B in FY2025, 9.0% of revenue.
  • Net income fell 30.4% to $12.3B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Chevron’s fundamentals sit among the 125 Energy companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin41.3%
81st percentile of 43
Net margin6.7%
55th percentile of 120
FCF margin9.0%
69th percentile of 69
Revenue growth (YoY)-4.6%
31st percentile of 122
ROE6.4%
52nd percentile of 100
P/E20.6×
63rd percentile of 85
Long-term debt / equity0.21×
22nd percentile of 83
Short interest2.61d
17th percentile of 123

No reported insider purchases (code P) in the last 90 days; 14 insider sales totaling $228.6M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 5 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
5
+7 quant / multi-strat
Initiated / added
7
0 new, 7 added
Reduced / exited
3
3 trimmed, 0 exited
Combined position
$16.92B
reported long value
InvestorAs ofPosition valueSharesChange
Berkshire HathawayQ2 2026$13.99B84.4MHeld
AQR Capital ManagementquantQ2 2026$912.1M5.5MAdded
Citadel AdvisorsquantQ2 2026$579.5M3.5MAdded
Millennium ManagementquantQ2 2026$506.6M3.1MAdded
Renaissance TechnologiesquantQ2 2026$475.8M2.9MAdded
D. E. ShawquantQ2 2026$287.8M1.7MAdded
Point72 Asset ManagementquantQ2 2026$75.0M452.2KReduced
Dodge & CoxQ2 2026$33.6M202.5KReduced
Bridgewater AssociatesQ2 2026$25.7M154.8KAdded
Two Sigma InvestmentsquantQ2 2026$21.9M131.9KReduced
Gotham Asset ManagementQ2 2026$17.1M103.3KAdded
Harris Associates (Oakmark)Q2 2026$223,7761.4KHeld

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
14
$228.6M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-20
Pate R. HewittChief Legal OfficerSell2.5K$205.11$507K
2026-08-17
filed 2026-08-19
Walz Andrew BenjaminPresident, DM&CSell16.8K$201.06$3.4M
2026-08-14
filed 2026-08-18
Wirth Michael KChairman and CEOSell306.8K$200.44$61.5M
2026-08-14
filed 2026-08-18
Wirth Michael KChairman and CEOSell10.3K$201.05$2.1M
2026-08-11
filed 2026-08-13
GUSTAVSON JEFF BPresident, New EnergiesSell14.0K$194.95$2.7M
2026-08-05
filed 2026-08-07
Wirth Michael KChairman and CEOSell5.5K$187.00$1.0M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell271.9K$194.48$52.9M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell174.8K$194.42$34.0M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell118.7K$193.29$22.9M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell90.0K$192.75$17.4M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell55.5K$194.07$10.8M
2026-08-03
filed 2026-08-05
HESS JOHN BDirectorSell44.5K$194.50$8.7M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
20.6M
settled 2026-08-31
Change vs prior
+30.8%
vs previous settlement
Days to cover
2.61
at avg daily volume
Avg daily volume
7.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-3120.6M+30.8%2.61
2026-08-1415.7M-22.3%1.91
2026-07-3120.3M-0.6%2.75
2026-07-1520.4M+8.0%2.48
2026-06-3018.9M-12.7%1.69
2026-06-1521.6M-5.8%2.71
2026-05-2922.9M+14.3%2.09
2026-05-1520.0M+7.8%2.07

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$184.43B$193.41B$196.91B$235.72B$155.61B
Gross profit$76.22B$74.21B$77.72B$90.30B$63.36B
Operating income
Net income$12.30B$17.66B$21.37B$35.47B$15.63B
Diluted EPS$6.63$9.72$11.36$18.28$8.14

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$33.94B$31.49B$35.61B$49.60B$29.19B
Capital expenditure$17.35B$16.45B$15.83B$11.97B$8.06B
Free cash flow$16.59B$15.04B$19.78B$37.63B$21.13B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$67.20B51.4%$12.07B$6.11
Q1 FY2026$47.56B3.2%$2.21B$1.11
Q4 FY2025$45.79B-5.3%$2.77B$1.39
Q3 FY2025$48.17B-1.5%$3.54B$1.82
Q2 FY2025$44.38B-10.5%$2.49B$1.45
Q1 FY2025$46.10B-1.0%$3.50B$2.00
Q4 FY2024$48.33B-1.2%$3.24B$1.82
Q3 FY2024$48.93B-5.8%$4.49B$2.48

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorEnergy
SIC industryPetroleum Refining
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK93410

Selected SEC filings

10-K2026-02-24
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-08-06
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
8-K2026-07-31
View on EDGAR →
8-K2026-05-29
View on EDGAR →

Largest Energy peers

All Energy companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.