Chevron (CVX) EBITDA Margin (2009 - 2026)
Chevron (CVX) reported EBITDA Margin of 33.00% for Q2 2026, up 13.44 percentage points from 19.56% a year earlier and up 12.22 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 25.84%, up 4.96 percentage points year-over-year; for FY2025, it came in at 21.74%, down 0.64 percentage points from FY2024.
- EBITDA Margin has declined for three consecutive years, though with a five-year change of +8.27 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at 22.38% in FY2024 (-1.20 pp), 23.58% in FY2023 (-3.43 pp), 27.01% in FY2022 (+2.22 pp) and 24.79% in FY2021 (+11.32 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin in data going back to Q1 2009.
- Year over year, EBITDA Margin gained in four of the last eight quarters, with an average year-over-year change of +1.09 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q4 2021 (a gain of 71.52 percentage points); the low point was Q2 2023 (a drop of 5.37 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 20.78% (Q1 2026), 23.13% (Q4 2025) and 23.26% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 24.43% |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | -19.76% |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | - |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | -1,155,312.69% |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 68.45% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 45.38% |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 94.81% |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 15.42% |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 12.45% |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 13.16% |
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();