Chevron CorporationCVXEarnings & Financial Report
Chevron Corporation is an American multinational energy corporation predominantly specializing in oil and gas. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California, it is active in more than 180 countries.
CVX Q4 FY2025 Key Financial Metrics
Revenue
$45.8B
Gross Profit
$20.4B
Operating Profit
$4.6B
Net Profit
$2.8B
Gross Margin
44.6%
Operating Margin
10.0%
Net Margin
6.0%
YoY Growth
-5.3%
EPS
$1.36
Chevron Corporation Q4 FY2025 Financial Summary
Chevron Corporation reported revenue of $45.8B (down 5.3% YoY) for Q4 FY2025, with a net profit of $2.8B (down 14.5% YoY) (6.0% margin). Cost of goods sold was $25.3B, operating expenses totaled $15.8B.
Key Financial Metrics
| Total Revenue | $45.8B |
|---|---|
| Net Profit | $2.8B |
| Gross Margin | 44.6% |
| Operating Margin | 10.0% |
| Report Period | Q4 FY2025 |
Revenue Breakdown
Chevron Corporation Q4 FY2025 revenue of $45.8B breaks down across 3 segments, led by Other at $17.5B (38.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $17.5B | 38.2% |
| Downstream Segment | $16.8B | 36.8% |
| Upstream Segment | $11.5B | 25.0% |
Chevron Corporation Revenue by Segment — Quarterly Trend
Chevron Corporation revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Downstream Segment) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Other | $17.5B | $14.9B | $15.3B | — |
| Downstream Segment | $16.8B | $18.2B | $18.7B | — |
| Upstream Segment | $11.5B | $12.2B | $10.4B | $11.5B |
Chevron Corporation Annual Revenue by Year
Chevron Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $184.4B).
Chevron Corporation Quarterly Revenue & Net Profit History
Chevron Corporation results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $45.8B | -5.3% | $2.8B | 6.0% |
| Q3 FY2025 | $48.2B | -1.5% | $3.5B | 7.3% |
| Q2 FY2025 | $44.4B | -10.5% | $2.5B | 5.6% |
| Q1 FY2025 | $46.1B | -1.0% | $3.5B | 7.6% |
| Q4 FY2024 | $48.3B | -1.2% | $3.2B | 6.7% |
| Q3 FY2024 | $48.9B | -5.8% | $4.5B | 9.2% |
| Q2 FY2024 | $49.6B | +5.0% | $4.4B | 8.9% |
| Q1 FY2024 | $46.6B | -4.6% | $5.5B | 11.8% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $46.58B | $49.57B | $48.93B | $48.33B | $46.10B | $44.38B | $48.17B | $45.79B |
| YoY Growth | -4.6% | 5.0% | -5.8% | -1.2% | -1.0% | -10.5% | -1.5% | -5.3% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $261.65B | $260.64B | $259.23B | $256.94B | $256.40B | $250.82B | $326.50B | $324.01B |
| Liabilities | $100.00B | $100.38B | $102.20B | $103.78B | $106.32B | $103.56B | $130.90B | $131.84B |
| Equity | $160.63B | $159.23B | $156.20B | $152.32B | $149.24B | $146.42B | $189.84B | $186.45B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $6.83B | $6.29B | $9.67B | $8.70B | $5.19B | $8.58B | $9.38B | $10.79B |