Chevron (CVX) EBITDA Margin (2009 - 2026)
Chevron (CVX) reported EBITDA Margin of -19.76% for Q2 2026, up 21.22 percentage points from -40.98% a year earlier and up 18.33 percentage points from the prior quarter.
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Analysis
Chevron (CVX) EBITDA Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Chevron's EBITDA Margin came in at -29.46%, up 9.52 percentage points year-over-year; for FY2025, it came in at -36.15%, up 0.54 percentage points from FY2024.
- EBITDA Margin has a five-year change of +6.19 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -36.70% in FY2024 (-0.72 pp), -35.97% in FY2023 (-3.72 pp), -32.25% in FY2022 (+0.18 pp) and -32.43% in FY2021 (+9.91 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin since Q1 2017.
- Year over year, EBITDA Margin has now increased in each of the last four quarters, with an average year-over-year change of +3.10 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q2 2026 (a gain of 21.22 percentage points); the low point was Q4 2023 (a drop of 7.84 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -38.08% (Q1 2026), -31.71% (Q4 2025) and -32.58% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 694.97 Bn | 658.18 Bn | - | 24.43% |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 94.70% |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | -19.76% |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 29.83% |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 13.20% |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 68.45% |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | -73.22% |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 44.67% |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 96.79% |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 12.45% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.76% |
| Mar 31, 2026 | -38.08% |
| Dec 31, 2025 | -31.71% |
| Sep 30, 2025 | -32.58% |
| Jun 30, 2025 | -40.98% |
| Mar 31, 2025 | -39.71% |
| Dec 31, 2024 | -36.60% |
| Sep 30, 2024 | -38.97% |
| Jun 30, 2024 | -38.74% |
| Mar 31, 2024 | -32.29% |
| Dec 31, 2023 | -39.71% |
| Sep 30, 2023 | -36.18% |
| Jun 30, 2023 | -36.05% |
| Mar 31, 2023 | -32.21% |
| Dec 31, 2022 | -31.87% |
| Sep 30, 2022 | -29.62% |
| Jun 30, 2022 | -30.51% |
| Mar 31, 2022 | -38.08% |
| Dec 31, 2021 | -38.27% |
| Sep 30, 2021 | -25.67% |
API Access
Chevron EBITDA Margin 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=ebitda-margin&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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=ebitda-margin&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();