Chevron (CVX) Capital Expenditures (2009 - 2026)
Chevron's Capital Expenditures came in at $4.54 billion for Q2 2026, up 22.3% from $3.71 billion a year earlier and up 11.7% from the prior quarter.
Powered by 
Analysis
Chevron (CVX) Capital Expenditures (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Chevron reported Capital Expenditures of $18.31 billion, up 14.2% year-over-year; for FY2025, it was $17.35 billion, up 5.5% from FY2024.
- Capital Expenditures has increased in each of the last four years, with a five-year compound annual growth rate of 14.2% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $16.45 billion in FY2024 (+3.9%), $15.83 billion in FY2023 (+32.2%), $11.97 billion in FY2022 (+48.6%) and $8.06 billion in FY2021 (-9.7%).
- The five-year range for quarterly Capital Expenditures is $1.91 billion (Q3 2021) to $5.26 billion (Q4 2025).
- Year-over-year, Capital Expenditures has increased for four consecutive quarters, with growth averaging 4.1% over the last eight quarters.
- The fastest year-over-year change in Capital Expenditures over five years came in Q2 2022 (growth of 77.2%), and the weakest in Q3 2024 (a decline of 13.2%).
- Business Quant data shows CVX's Capital Expenditures at $4.06 billion (Q1 2026), $5.26 billion (Q4 2025) and $4.44 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 7.18 Bn |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 4.01 Bn |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | -4.45 Bn |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 3.02 Bn |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | -2.87 Bn |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | -1.34 Bn |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 680.00 Mn |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | -1.51 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 4.01 Bn |
| Jun 30, 2026 | 4.54 Bn |
| Mar 31, 2026 | 4.06 Bn |
| Dec 31, 2025 | 5.26 Bn |
| Sep 30, 2025 | 4.44 Bn |
| Jun 30, 2025 | 3.71 Bn |
| Mar 31, 2025 | 3.93 Bn |
| Dec 31, 2024 | 4.34 Bn |
| Sep 30, 2024 | 4.06 Bn |
| Jun 30, 2024 | 3.97 Bn |
| Mar 31, 2024 | 4.09 Bn |
| Dec 31, 2023 | 4.36 Bn |
| Sep 30, 2023 | 4.67 Bn |
| Jun 30, 2023 | 3.76 Bn |
| Mar 31, 2023 | 3.04 Bn |
| Dec 31, 2022 | 3.84 Bn |
| Sep 30, 2022 | 3.00 Bn |
| Jun 30, 2022 | 3.18 Bn |
| Mar 31, 2022 | 1.96 Bn |
| Dec 31, 2021 | 2.61 Bn |
API Access
Chevron Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();