FirmAtlas
Company handbook · CVX · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
CVX · CIK 93410 · LATEST FILING: 10-Q JUN '26 · FILED AUG 6, 2026
Chevron Corp
$224.99
+5.67 (+2.59%)
Close, Oct 16, 2026 · 52-week $146–225
Last fiscal year
Chevron Corp reported revenue of $184.4B for the year ended Dec 31, 2025 (FY25), down 4.6% from FY24. Net income was $12.3B, operating cash flow $33.9B and free cash flow $16.6B. Source: 10-K filed Feb 24, 2026.
Market cap
$417.6B
P/E
20.3
P/B
2.2
Div yield
3.13%
Revenue 1Y
−4.6%/yr
EPS 1Y
−31.8%/yr
Shares 1Y
+2%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOMichael K. Wirth
HQHouston, TX
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
8.3%
15.5%
10.8%
48.3%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$84.6B deployed
Capex
$33.8B
39.9%
Dividends
$24.6B
29.0%
Buybacks
$27.3B
32.3%
Operating cash flow over the period: $65.4B. Total debt changed by +$19.6B. R&D of $780M is already inside operating costs.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Balance sheet
Total assets
256,938
324,012+26.1%
330,135
Cash & short-term investments
8,262
7,285−11.8%
—
Accounts receivable
18,338
15,986−12.8%
—
Inventory
9,074
9,711+7.0%
—
Net PP&E
147,799
219,729+48.7%
—
Other assets
73,465
71,301−2.9%
—
Total liabilities
104,620
137,562+31.5%
140,252
Accounts payable
22,079
19,280−12.7%
—
Total debt
20,135
39,781+97.6%
401
Other liabilities
62,406
78,501+25.8%
—
Shareholders’ equity
152,318
186,450+22.4%
189,883
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
31,492
33,939+7.8%
45,321
Net income
17,749
12,485−29.7%
—
Depreciation & amortization
17,282
20,132+16.5%
—
Working capital & other
(3,539)
1,322n/m
—
Cash from investing
(8,936)
(15,911)n/m
—
Capex
(16,448)
(17,347)n/m
—
PP&E sold
7,704
1,826−76.3%
—
Acquisitions
0
1,056n/m
—
Investments bought
0
0n/m
—
Other investing
(192)
(1,446)n/m
—
Cash from financing
(23,472)
(19,063)n/m
—
Debt raised
478
11,402+2285.4%
—
Debt repaid
(1,778)
(4,475)n/m
—
Dividends
(11,801)
(12,751)n/m
—
Buybacks
(15,229)
(12,079)n/m
—
Shares issued
356
374+5.1%
—
Other financing
4,502
(1,534)−134.1%
—
Net change in cash
(1,013)
(977)n/m
—
Free cash flow (OCF − capex)
15,044
16,592+10.3%
27,012
Where the cash went
Operating cash flow
31,492
33,939+7.8%
45,321
Reinvested in the business
16,448
16,291−1.0%
—
% of operating cash flow
52.2%
48.0%
Capex
16,448
17,347+5.5%
18,309
Acquisitions
0
(1,056)n/m
—
R&D (memo, already in costs)
353
427+21.0%
—
Free cash flow
15,044
16,592+10.3%
27,012
YoY
+10.3%
Returned to shareholders
27,030
24,830−8.1%
—
% of free cash flow
179.7%
149.7%
Dividends
11,801
12,751+8.1%
—
Buybacks
15,229
12,079−20.7%
—
Change in total debt
—
19,646
—
Cash left over
—
12,464
—
FCF conversion (FCF ÷ net income)
85.2%
134.9%+49.7 pp
—
Owner earnings
—
14,000
—
Owner earnings margin
—
7.6%
—
Buyback yield
5.8%
4.3%−1.5 pp
—
Returns & ratios
Debt / equity
0.13x
0.21x+0.08x
—
Cash conversion cycle (days)
−5
−1+5 d
—
ROE
11.6%
6.6%−5.0 pp
—
ROA
6.9%
3.8%−3.1 pp
—
Invested capital (operating)
153,132
226,146+47.7%
—
Invested capital (all)
164,191
218,946+33.3%
—
Debtor days
35
32−3 d
—
Inventory days
28
33+5 d
—
Days payable
68
65−3 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
48,169
45,787
47,556
67,199
vs year-ago quarter
Gross profit
20,771
20,439
19,291
30,592
Gross margin
43.1%
44.6%
40.6%
45.5%
Net income
3,539
2,770
2,210
12,072
vs year-ago quarter
Net margin
7.3%
6.0%
4.6%
18.0%
EPS (diluted, $)
1.82
1.49
1.11
6.11
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
326,501
324,012
329,551
330,135
Cash & equivalents
8,783
7,285
6,316
9,582
Total debt
3,591
39,781
5,828
401
Shareholders’ equity
189,843
186,450
183,715
189,883
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
9,385
10,789
2,514
22,633
Capex
4,444
5,264
4,063
4,538
Free cash flow
4,941
5,525
(1,549)
18,095
vs year-ago quarter