Chevron CVX
NYSE CVX
$209.61 -1.96 (-0.93%)
As of: Sep 18, 2026 · 3:59 PM EDT

Chevron (CVX) Cost of Revenue (2017 - 2026)

Chevron's (CVX) quarterly Cost of Revenue came in at $36.6 billion in Q2 2026, up 36.3% on a YoY basis from $26.9 billion in Q2 2025, and up 29.51% quarter-over-quarter from $28.3 billion in Q1 2026.

Analysis

Chevron (CVX) Cost of Revenue (2017 - 2026) Analysis & Trends

Chevron (CVX) has reported Cost of Revenue for 10 consecutive years, with $36.6 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 36.3% year-over-year to $36.6 billion; the trailing twelve-month figure through Jun 2026 stood at $117.6 billion (up 1.34% YoY), and the FY2025 full-year result was $108.2 billion, down 9.22% from the prior year.
  • Cost of Revenue rose to $36.6 billion in Q2 2026 per CVX's latest filing, from $28.3 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $40.7 billion in Q2 2022 and bottomed at $25.3 billion in Q4 2025.
  • Historically, Cost of Revenue has averaged $30.9 billion across 5 years, with a median of $29.8 billion in 2023.
  • The sharpest annual moves came in 2022 and 2023: Cost of Revenue soared 97.22% in 2022, then fell 28.76% in 2023.
  • Over 5 years, Cost of Revenue stood at $32.6 billion in 2022, then fell by 12.57% to $28.5 billion in 2023, then climbed by 5.87% to $30.1 billion in 2024, then slipped by 15.92% to $25.3 billion in 2025, then jumped by 44.42% to $36.6 billion in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $36.6 billion, $28.3 billion, and $25.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Chevron 417.01 Bn 408.48 Bn 33.45 Bn 36.61 Bn
2 Shell 282.76 Bn 241.90 Bn 30.13 Bn 64.53 Bn
3 TotalEnergies SE 232.43 Bn 200.71 Bn 23.46 Bn 38.31 Bn
4 Eni Spa 167.27 Bn 151.69 Bn - -
5 Equinor Asa 114.69 Bn 105.36 Bn - -
6 Phillips 66 106.05 Bn 101.95 Bn 8.38 Bn 43.66 Bn
7 Suncor Energy 83.98 Bn 78.60 Bn 17.50 Bn 1.51 Bn
8 Imperial Oil 63.06 Bn 61.00 Bn - -
9 Occidental Petroleum 59.24 Bn 55.09 Bn 7.73 Bn 332.00 Mn
10 Cenovus Energy 58.88 Bn 56.91 Bn 7.32 Bn 480.45 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 36.61 Bn
Mar 31, 2026 28.27 Bn
Dec 31, 2025 25.35 Bn
Sep 30, 2025 27.40 Bn
Jun 30, 2025 26.86 Bn
Mar 31, 2025 28.61 Bn
Dec 31, 2024 30.15 Bn
Sep 30, 2024 30.45 Bn
Jun 30, 2024 30.87 Bn
Mar 31, 2024 27.74 Bn
Dec 31, 2023 28.48 Bn
Sep 30, 2023 32.33 Bn
Jun 30, 2023 28.98 Bn
Mar 31, 2023 29.41 Bn
Dec 31, 2022 32.57 Bn
Sep 30, 2022 38.75 Bn
Jun 30, 2022 40.68 Bn
Mar 31, 2022 33.41 Bn
Dec 31, 2021 30.22 Bn
Sep 30, 2021 23.83 Bn