Chevron (CVX) Capital Expenditures (2009 - 2026)
Chevron's (CVX) quarterly Capital Expenditures came in at $4.1 billion in Q1 2026, up 3.46% YoY from $3.9 billion in Q1 2025, and down 22.82% on a QoQ basis from $5.3 billion in Q4 2025.
Analysis
Chevron (CVX) Capital Expenditures (2009 - 2026) Analysis & Trends
Chevron (CVX) has 18 years of Capital Expenditures data on file, last reported at $4.1 billion in Q1 2026.
- Quarterly Capital Expenditures rose 3.46% year-over-year to $4.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $17.5 billion (up 7.35% YoY) and the FY2025 annual result came in at $17.3 billion, up 5.47% from the prior year.
- Capital Expenditures declined to $4.1 billion in Q1 2026, from $5.3 billion in the prior quarter.
- In the past five years, Capital Expenditures ranged from a high of $5.3 billion in Q4 2025 to a low of $2.0 billion in Q1 2022.
- A 5-year average of $3.9 billion and a median of $4.0 billion in 2024 frame the typical range for Capital Expenditures.
- Annual changes were most pronounced in 2022 — Capital Expenditures surged 77.18% — and 2024, when it retreated 13.22%.
- Tracing CVX's Capital Expenditures over 5 years: stood at $3.8 billion in 2022, then climbed by 13.72% to $4.4 billion in 2023, then dropped by 0.53% to $4.3 billion in 2024, then gained by 21.35% to $5.3 billion in 2025, then dropped by 22.82% to $4.1 billion in 2026.
- The last three Capital Expenditures figures came in at $4.1 billion (Q1 2026), $5.3 billion (Q4 2025), and $4.4 billion (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 9.99 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 4.54 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | -4.23 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 2.87 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -975.23 Mn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 383.15 Mn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -1.13 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.54 Bn |
| Jun 30, 2026 | 4.54 Bn |
| Mar 31, 2026 | 4.06 Bn |
| Mar 31, 2026 | 4.06 Bn |
| Dec 31, 2025 | 5.26 Bn |
| Dec 31, 2025 | 5.26 Bn |
| Sep 30, 2025 | 4.44 Bn |
| Sep 30, 2025 | 4.44 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.93 Bn |
| Mar 31, 2025 | 3.93 Bn |
| Dec 31, 2024 | 4.34 Bn |
| Dec 31, 2024 | 4.34 Bn |
| Sep 30, 2024 | 4.06 Bn |
| Sep 30, 2024 | 4.06 Bn |
| Jun 30, 2024 | 3.97 Bn |
| Jun 30, 2024 | 3.97 Bn |
| Mar 31, 2024 | 4.09 Bn |
| Mar 31, 2024 | 4.09 Bn |