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CVX logoChevron Corporation (CVX) Earnings History

Annual and quarterly earnings data from 1993 to 2025

TTM Net Income
$12.30B
Profitable
TTM EPS
$6.16
Diluted
YoY EPS Growth
-31.8%
Declining
Net Margin
6.7%
Profitability
Operating Margin9.0%
Gross Margin30.4%
ROE7.1%
ROA4.2%
Highest Annual Net Income$35.47B (2022)
Highest Quarterly EPS$9.48 (Q4 2010)
Consecutive Profitable Years5 years
Q4 2025
Net Income$2.77B
EPS$1.39
QoQ Growth-21.7%Declining

Loading earnings history...

CVX EPS Growth (CAGR)

Compound annual growth rate of diluted earnings per share

1-Year
-31.8%
Declining
3-Year
-28.7%
Declining
5-Year
N/A
N/M
10-Year
+10.5%
Strong

CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.

CVX Profitability Analysis

Margin trends over time

View revenue breakdown →
YearGross MarginOperating MarginNet Margin
202530.4%9.0%6.7%
202429.4%15.0%9.1%
202330.7%17.2%10.9%
202227.8%16.9%15.0%
202129.2%10.3%10.0%
Gross Margin = Gross Profit ÷ Revenue
Operating Margin = Operating Income ÷ Revenue
Net Margin = Net Income ÷ Revenue

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Chevron Corporation (CVX) Earnings Overview

As of May 6, 2026, Chevron Corporation (CVX) reported trailing twelve-month net income of $12.30B, reflecting -31.8% year-over-year growth. The company earned $6.16 per diluted share over the past four quarters, with a net profit margin of 6.7%.

Looking at the long-term picture, CVX's historical earnings data spans multiple years. The company achieved its highest annual net income of $35.47B in fiscal 2022.

Chevron Corporation maintains positive profitability with a gross margin of 30.4%, operating margin of 9.0%, and net margin of 6.7%. The company continues to generate positive earnings from operations. View revenue history →

Compared to peers including XOM ($28.84B net income, 8.9% margin), BP ($3.20B net income, 0.0% margin), SHEL ($17.80B net income, 6.7% margin), CVX has room to improve margins relative to the peer group. Compare CVX vs XOM →

CVX Earnings vs Peers

Earnings metrics vs comparable public companies

CompanyTTM Net IncomeTTM EPSNet MarginROEYoY GrowthCompare
CVX logoCVXCurrent
$12.3B$6.166.7%7.1%-31.8%—
XOM logoXOM
$28.8B$6.818.9%10.7%-14.5%
BP logoBP
$3.2B$1.230.0%0.1%-85.4%
SHEL logoSHEL
$17.8B$6.146.7%10.1%+19.0%
TTE logoTTE
$15.1B$6.957.2%11.0%-13.6%
COP logoCOP
$7.3B$5.9813.6%12.4%-18.7%
Best in group
Lowest in group

CVX Historical Earnings Data (1993–2025)

33 years
Fiscal Year Net Income YoY % Operating Income EPS (Diluted) Net Margin Op. Margin
2025$12.30B-30.4%$16.67B$6.636.7%9.0%
2024$17.66B-17.4%$29.10B$9.729.1%15.0%
2023$21.37B-39.7%$33.79B$11.3610.9%17.2%
2022$35.47B+127.0%$39.95B$18.2815.0%16.9%
2021$15.63B+381.9%$16.10B$8.1410.0%10.3%
2020-$5.54B-289.6%-$6.94B$-2.96-5.9%-7.3%
2019$2.92B-80.3%$100M$1.542.1%0.1%
2018$14.82B+61.2%$14.45B$7.749.3%9.1%
2017$9.20B+1950.1%$3.13B$4.856.8%2.3%
2016-$497M-110.8%-$5.47B$-0.27-0.5%-5.0%

Full CVX Stock Analysis

Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.

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Should I Buy CVX Right Now?

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See CVX's True Return

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Is CVX Undervalued?

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Compare CVX vs XOM

Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.

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CVX — Frequently Asked Questions

Quick answers to the most common questions about buying CVX stock.

Is CVX growing earnings?

CVX EPS fell to $6.16, with earnings declining -31.8%. This contrasts with the 5-year CAGR of N/A. TTM net income dropped to $12.3B.

What are CVX's profit margins?

Chevron Corporation net margin is +6.7%, with operating margin at +9.0%. Margins sit within typical range for the sector.

How consistent are CVX's earnings?

CVX earnings data spans 1993-2025. The declining earnings trend is -31.8% YoY. Historical data enables comparison across business cycles.

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CVX Earnings Over Time (2014–2025)

Net income and EPS trends