Chevron (CVX) Deferred Taxes (2009 - 2026)
Chevron's (CVX) quarterly Deferred Taxes came in at $298.0 million in Q2 2026, up 927.59% on a YoY basis from $29.0 million in Q2 2025, and up 212.88% quarter-over-quarter from -$264.0 million in Q1 2026.
Analysis
Chevron (CVX) Deferred Taxes (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Deferred Taxes for 18 consecutive years, with $298.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Deferred Taxes rose 927.59% year-over-year to $298.0 million; the trailing twelve-month figure through Jun 2026 stood at $511.0 million (down 15.82% YoY), and the FY2025 full-year result was $986.0 million, down 20.48% from the prior year.
- Deferred Taxes climbed to $298.0 million in Q2 2026 per CVX's latest filing, from -$264.0 million in the prior quarter.
- Across five years, Deferred Taxes topped out at $790.0 million in Q1 2023 and bottomed at -$1.0 billion in Q4 2023.
- Historically, Deferred Taxes has averaged $260.1 million across 5 years, with a median of $386.0 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Deferred Taxes jumped 951.47% in 2022, then sank 353.14% in 2023.
- Over 5 years, Deferred Taxes stood at $414.0 million in 2022, then tumbled by 353.14% to -$1.0 billion in 2023, then surged by 70.9% to -$305.0 million in 2024, then surged by 190.82% to $277.0 million in 2025, then gained by 7.58% to $298.0 million in 2026.
- According to Business Quant data, Deferred Taxes over the past three periods registered $298.0 million, -$264.0 million, and $277.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 298.00 Mn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | - |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 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 | 66.00 Mn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | -71.00 Mn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | - |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 707.00 Mn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 207.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 298.00 Mn |
| Mar 31, 2026 | -264.00 Mn |
| Dec 31, 2025 | 277.00 Mn |
| Sep 30, 2025 | 200.00 Mn |
| Jun 30, 2025 | 29.00 Mn |
| Mar 31, 2025 | 480.00 Mn |
| Dec 31, 2024 | -305.00 Mn |
| Sep 30, 2024 | 403.00 Mn |
| Jun 30, 2024 | 454.00 Mn |
| Mar 31, 2024 | 688.00 Mn |
| Dec 31, 2023 | -1.05 Bn |
| Sep 30, 2023 | -115.00 Mn |
| Jun 30, 2023 | 671.00 Mn |
| Mar 31, 2023 | 790.00 Mn |
| Dec 31, 2022 | 414.00 Mn |
| Sep 30, 2022 | 369.00 Mn |
| Jun 30, 2022 | 715.00 Mn |
| Mar 31, 2022 | 626.00 Mn |
| Dec 31, 2021 | 228.00 Mn |
| Sep 30, 2021 | 658.00 Mn |