Chevron Corporation (CVX) Earnings History
Annual and quarterly earnings data from 1993 to 2024
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EPS Growth Rates (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2024 | 29.4% | 15.0% | 9.1% |
| 2023 | 30.7% | 17.2% | 10.9% |
| 2022 | 27.8% | 16.9% | 15.0% |
| 2021 | 29.2% | 10.3% | 10.0% |
| 2020 | 24.2% | -7.3% | -5.9% |
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Chevron Corporation (CVX) Earnings Overview
As of February 28, 2026, Chevron Corporation (CVX) reported trailing twelve-month net income of $12.31B, reflecting -0.1% year-over-year growth. The company earned $6.16 per diluted share over the past four quarters, with a net profit margin of 0.1%.
Looking at the long-term picture, CVX's 5-year EPS compound annual growth rate (CAGR) stands at +44.6%, indicating exceptional earnings growth. The company achieved its highest annual net income of $35.47B in fiscal 2022.
Chevron Corporation maintains positive profitability with a gross margin of 0.3%, operating margin of 0.2%, and net margin of 0.1%. The company continues to generate positive earnings from operations. View revenue history →
Compared to industry peers including XOM ($28.84B net income, 0.1% margin), PBR ($13.96B net income, 0.1% margin), PBR-A ($13.96B net income, 0.1% margin), CVX has outperformed on profitability metrics. Compare CVX vs XOM →
Peer Comparison
Earnings metrics vs industry competitors
Historical Data
32 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $17.66B | -17.4% | $29.10B | $9.72 | 9.1% | 15.0% |
| 2023 | $21.37B | -39.7% | $33.79B | $11.36 | 10.9% | 17.2% |
| 2022 | $35.47B | +127.0% | $39.95B | $18.28 | 15.0% | 16.9% |
| 2021 | $15.63B | +381.9% | $16.10B | $8.14 | 10.0% | 10.3% |
| 2020 | -$5.54B | -289.6% | -$6.94B | $-2.96 | -5.9% | -7.3% |
| 2019 | $2.92B | -80.3% | $100M | $1.54 | 2.1% | 0.1% |
| 2018 | $14.82B | +61.2% | $14.45B | $7.74 | 9.3% | 9.1% |
| 2017 | $9.20B | +1950.1% | $3.13B | $4.85 | 6.8% | 2.3% |
| 2016 | -$497M | -110.8% | -$5.47B | $-0.27 | -0.5% | -5.0% |
| 2015 | $4.59B | -76.2% | -$3.71B | $2.45 | 3.5% | -2.9% |
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Start ComparisonFrequently Asked Questions
Is CVX growing earnings?
CVX EPS of $6.16 reflects slowing growth at -0.1%, below the 5-year CAGR of +44.6%. TTM net income is $12.3B. Expansion rate has moderated.
What are CVX's profit margins?
Chevron Corporation net margin is +0.1%, with operating margin at +0.2%. Below-average margins reflect competitive or cost pressures.
How consistent are CVX's earnings?
CVX earnings data spans 1993-2024. The current earnings trend is -0.1% YoY. Historical data enables comparison across business cycles.