Chevron (CVX) FCF Margin (2009 - 2026)
Chevron (CVX) recorded FCF Margin of 25.83% in Q2 2026, up 14.98 percentage points from 10.85% a year earlier and up 29.02 percentage points from the prior quarter.
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Analysis
Chevron (CVX) FCF Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Chevron's FCF Margin came in at 12.55% as of Jun 30, 2026, up 4.30 percentage points year-over-year; for FY2025, it came in at 8.78%, up 1.36 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +7.03 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at 7.42% in FY2024 (-2.42 pp), 9.84% in FY2023 (-5.44 pp), 15.28% in FY2022 (+2.27 pp) and 13.01% in FY2021 (+11.26 pp).
- The Q2 2026 figure is the highest quarterly FCF Margin in data going back to Q1 2009.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of +0.98 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 14.98 percentage points in Q2 2026, against a drop of 10.22 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -3.19% (Q1 2026), 11.79% (Q4 2025) and 9.94% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 14.68% |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 25.83% |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | - |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | 29,690,656.85% |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 22.59% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 31.39% |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 62.43% |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 12.82% |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 36.85% |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 16.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 25.83% |
| Mar 31, 2026 | -3.19% |
| Dec 31, 2025 | 11.79% |
| Sep 30, 2025 | 9.94% |
| Jun 30, 2025 | 10.85% |
| Mar 31, 2025 | 2.65% |
| Dec 31, 2024 | 8.34% |
| Sep 30, 2024 | 11.09% |
| Jun 30, 2024 | 4.55% |
| Mar 31, 2024 | 5.62% |
| Dec 31, 2023 | 17.11% |
| Sep 30, 2023 | 9.25% |
| Jun 30, 2023 | 5.19% |
| Mar 31, 2023 | 8.20% |
| Dec 31, 2022 | 15.34% |
| Sep 30, 2022 | 18.41% |
| Jun 30, 2022 | 15.41% |
| Mar 31, 2022 | 11.21% |
| Dec 31, 2021 | 14.24% |
| Sep 30, 2021 | 14.92% |
API Access
Chevron FCF 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=fcf-margin&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();