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

Chevron has reported Cost of Revenue for 10 years, with the latest figure at $28.3 billion in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 1.21% year-over-year to $28.3 billion; the trailing twelve-month figure through Mar 2026 stood at $107.9 billion (down 10.17% YoY), and the FY2025 full-year result was $108.2 billion, down 9.22% from the prior year.
• Cost of Revenue for Q1 2026 stood at $28.3 billion, up from $25.3 billion in the prior quarter.
• The five-year high for Cost of Revenue was $40.7 billion in Q2 2022, with the low at $25.3 billion in Q4 2025.
• Historically, Cost of Revenue has averaged $30.6 billion across 5 years, with a median of $29.4 billion in 2023.
• Annual changes were most pronounced in 2022 — Cost of Revenue surged 97.22% — and 2023, when it declined 28.76%.
• Chevron's Cost of Revenue stood at $32.6 billion in 2022, then dropped by 12.57% to $28.5 billion in 2023, then gained by 5.87% to $30.1 billion in 2024, then retreated by 15.92% to $25.3 billion in 2025, then climbed by 11.51% to $28.3 billion in 2026.
• The last three Cost of Revenue figures came in at $28.3 billion (Q1 2026), $25.3 billion (Q4 2025), and $27.4 billion (Q3 2025), per Business Quant data.