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.
Revenue
$48.2B
Gross Profit
$20.8B
Operating Profit
$5.4B
Net Profit
$3.5B
Gross Margin
43.1%
Operating Margin
11.2%
Net Margin
7.3%
YoY Growth
-1.5%
EPS
$1.82
Chevron Corporation Q3 FY2025 Financial Summary
Chevron Corporation reported revenue of $48.2B (down 1.5% YoY) for Q3 FY2025, with a net profit of $3.5B (down 21.1% YoY) (7.3% margin). Cost of goods sold was $27.4B, operating expenses totaled $15.4B.
Key Financial Metrics
| Total Revenue | $48.2B |
|---|---|
| Net Profit | $3.5B |
| Gross Margin | 43.1% |
| Operating Margin | 11.2% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Chevron Corporation Q3 FY2025 revenue of $48.2B breaks down across 4 segments, led by Downstream Segment at $18.2B (37.9% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Downstream Segment | $18.2B | 37.9% |
| Other | $14.9B | 30.9% |
| Upstream Segment | $12.2B | 25.2% |
| Hess Corporation | $2.9B | 6.0% |
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 Downstream Segment and Other) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| Downstream Segment | $16.8B | $18.2B | $18.7B | — |
| Other | $17.5B | $14.9B | $15.3B | — |
| Upstream Segment | $11.5B | $12.2B | $10.4B | $11.5B |
| Hess Corporation | — | $2.9B | — | — |
Chevron Corporation Annual Revenue by Year
Chevron Corporation annual revenue history includes year-by-year totals (for example, 2025 revenue was $184.4B).
| Year | Annual Revenue |
|---|---|
| 2025 | $184.4B |
| 2024 | $193.4B |
| 2023 | $196.9B |
| 2022 | $235.7B |
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 |