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NYSE · Energy

CHEVRON CORP (CVX)

As-reported financials and recent SEC filings for CHEVRON CORP, latest fiscal period FY2025. 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%
P/E (TTM)
33.0×
Market cap
$378.40B
Debt / equity
0.2×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (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 Q1 FY2026: revenue $47.6B, up 3.2% from Q1 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/E (TTM)33.0×
79th percentile of 85
Debt / equity0.21×
22nd percentile of 83
Short interest2.48d
13th percentile of 123

No open-market insider buys in the last 90 days; 10 insider sales totaling $109.4M. For context, about 16% of companies in the universe saw any open-market insider buying 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 (latest Q1 2026).

Conviction investors
5
+7 quant / multi-strat
Initiated / added
6
2 new, 4 added
Reduced / exited
5
5 trimmed, 0 exited
Combined position
$19.52B
reported long value
InvestorAs ofPosition valueSharesChange
Berkshire HathawayQ1 2026$17.46B84.4MReduced
Renaissance TechnologiesquantQ1 2026$417.0M2.0MReduced
Millennium ManagementquantQ1 2026$358.4M1.7MReduced
AQR Capital ManagementquantQ1 2026$308.9M1.5MAdded
Citadel AdvisorsquantQ1 2026$295.1M1.4MReduced
Two Sigma InvestmentsquantQ1 2026$272.6M1.3MAdded
Point72 Asset ManagementquantQ1 2026$216.7M1.0MNew
D. E. ShawquantQ1 2026$143.2M692.4KAdded
Dodge & CoxQ1 2026$42.4M205.1KReduced
Gotham Asset ManagementQ1 2026$9.5M45.8KAdded
Bridgewater AssociatesQ1 2026$584,9062.8KNew
Harris Associates (Oakmark)Q1 2026$279,3151.4KHeld

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
open-market
Bought (90d)
open-market value
Sells (90d)
10
$109.4M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell119.8K$192.86$23.1M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell117.8K$191.52$22.6M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell59.0K$193.79$11.4M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell42.7K$194.65$8.3M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell30.6K$196.74$6.0M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell7.0K$195.97$1.4M
2026-05-20
filed 2026-05-22
HESS JOHN BDirectorSell3.0K$197.45$599K
2026-05-06
filed 2026-05-08
HESS JOHN BDirectorSell88.9K$184.67$16.4M
2026-05-06
filed 2026-05-08
HESS JOHN BDirectorSell78.0K$185.21$14.5M
2026-05-06
filed 2026-05-08
HESS JOHN BDirectorSell28.0K$183.90$5.2M

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
20.4M
settled 2026-07-15
Change vs prior
+8.0%
vs previous settlement
Days to cover
2.48
at avg daily volume
Avg daily volume
8.2M
FINRA reported
SettlementShares shortChangeDays to cover
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
2026-04-3018.6M-7.3%1.85
2026-04-1520.0M-4.7%1.57
2026-03-3121.0M-14.5%1.35

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 methodology.

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 methodology.

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 methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
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
Q2 FY2024$49.57B5.0%$4.43B$2.43

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

Company facts

ExchangeNYSE
SectorEnergy
SIC industryPetroleum Refining
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2019
SEC CIK93410

Recent SEC filings

10-K2026-02-24
View on EDGAR →
10-K2025-02-21
View on EDGAR →
10-Q2026-05-07
View on EDGAR →
10-Q2025-11-06
View on EDGAR →
10-Q2025-08-07
View on EDGAR →
10-Q2025-05-08
View on EDGAR →
8-K2026-05-29
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 (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.