Chevron Corporation (CVX) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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CVX Revenue Growth
Revenue Breakdown (FY 2025)
CVX's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
CVX Revenue Analysis (2014–2025)
As of May 6, 2026, Chevron Corporation (CVX) generated trailing twelve-month (TTM) revenue of $184.43 billion, reflecting moderate decline in growth of -5.3% year-over-year. The most recent quarter (Q4 2025) recorded $45.79 billion in revenue, down 4.9% sequentially.
Looking at the longer-term picture, CVX's 5-year compound annual growth rate (CAGR) stands at +14.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $235.72 billion in 2022.
Revenue diversification analysis shows CVX's business is primarily driven by Downstream (61%), Upstream (38%), and All Other Segments (1%). With over half of revenue concentrated in Downstream, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including XOM (-4.5% YoY), BP (+3.9% YoY), and SHEL (-6.3% YoY), CVX has underperformed the peer group in terms of revenue growth. Compare CVX vs XOM →
CVX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CVXCurrent | $184.4B | -5.3% | +14.3% | 9.0% | |
 XOM | $323.9B | -4.5% | +12.6% | 10.5% | |
 BP | $189.3B | +3.9% | +12.3% | 8.2% | |
 SHEL | $267.5B | -6.3% | +8.2% | 7.3% | |
 TTE | $182.3B | -4.0% | +8.8% | 10.9% | |
 COP | $58.7B | +1.8% | +25.6% | 19.6% |
CVX Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $184.43B | -4.6% | $56.09B | 30.4% | $16.67B | 9.0% |
| 2024 | $193.41B | -1.8% | $56.93B | 29.4% | $29.10B | 15.0% |
| 2023 | $196.91B | -16.5% | $60.39B | 30.7% | $33.79B | 17.2% |
| 2022 | $235.72B | +51.5% | $65.59B | 27.8% | $39.95B | 16.9% |
| 2021 | $155.61B | +64.7% | $45.43B | 29.2% | $16.10B | 10.3% |
| 2020 | $94.47B | -32.5% | $22.82B | 24.2% | $-6,942,000,000 | -7.3% |
| 2019 | $139.87B | -12.0% | $30.53B | 21.8% | $100.0M | 0.1% |
| 2018 | $158.90B | +18.0% | $44.91B | 28.3% | $14.45B | 9.1% |
| 2017 | $134.67B | +22.2% | $39.56B | 29.4% | $3.13B | 2.3% |
| 2016 | $110.22B | -15.2% | $31.44B | 28.5% | $-5,471,000,000 | -5.0% |
Full CVX Stock Analysis
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View ValuationCompare CVX vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonCVX — Frequently Asked Questions
Quick answers to the most common questions about buying CVX stock.
Is CVX's revenue growth accelerating or slowing?
CVX revenue declined -5.3% year-over-year, contrasting with the 5-year CAGR of +14.3%. TTM revenue fell to $184.4B. This reverses the prior growth trend.
What is CVX's long-term revenue growth rate?
Chevron Corporation's 5-year revenue CAGR of +14.3% reflects the variable expansion pattern. Current YoY growth of -5.3% is below this long-term average.
How is CVX's revenue distributed by segment?
CVX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.