Chevron (CVX) Free Cash Flow (2009 - 2026)
Chevron's (CVX) quarterly Free Cash Flow came in at $18.1 billion in Q2 2026, up 272.02% on a YoY basis from $4.9 billion in Q2 2025, and up 1268.17% quarter-over-quarter from -$1.5 billion in Q1 2026.
Analysis
Chevron (CVX) Free Cash Flow (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Free Cash Flow for 18 consecutive years, with $18.1 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow rose 272.02% year-over-year to $18.1 billion; the trailing twelve-month figure through Jun 2026 stood at $27.0 billion (up 67.76% YoY), and the FY2025 full-year result was $16.6 billion, up 10.29% from the prior year.
- Free Cash Flow rose to $18.1 billion in Q2 2026 per CVX's latest filing, from -$1.5 billion in the prior quarter.
- Across five years, Free Cash Flow topped out at $18.1 billion in Q2 2026 and bottomed at -$1.5 billion in Q1 2026.
- Historically, Free Cash Flow has averaged $5.9 billion across 5 years, with a median of $5.0 billion in 2023.
- The widest YoY moves for Free Cash Flow: up 272.02% in 2026, down 222.74% in 2026.
- Over 5 years, Free Cash Flow stood at $8.7 billion in 2022, then declined by 6.81% to $8.1 billion in 2023, then tumbled by 46.03% to $4.4 billion in 2024, then climbed by 26.81% to $5.5 billion in 2025, then surged by 227.51% to $18.1 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $18.1 billion, -$1.5 billion, and $5.5 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 18.10 Bn |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 25.67 Bn |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 15.09 Bn |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 7.34 Bn |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 6.60 Bn |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 6.53 Bn |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 4.31 Bn |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 1.57 Bn |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 3.50 Bn |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 1.73 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 18.10 Bn |
| Mar 31, 2026 | -1.55 Bn |
| Dec 31, 2025 | 5.53 Bn |
| Sep 30, 2025 | 4.94 Bn |
| Jun 30, 2025 | 4.86 Bn |
| Mar 31, 2025 | 1.26 Bn |
| Dec 31, 2024 | 4.36 Bn |
| Sep 30, 2024 | 5.62 Bn |
| Jun 30, 2024 | 2.33 Bn |
| Mar 31, 2024 | 2.74 Bn |
| Dec 31, 2023 | 8.07 Bn |
| Sep 30, 2023 | 5.00 Bn |
| Jun 30, 2023 | 2.54 Bn |
| Mar 31, 2023 | 4.17 Bn |
| Dec 31, 2022 | 8.66 Bn |
| Sep 30, 2022 | 12.27 Bn |
| Jun 30, 2022 | 10.60 Bn |
| Mar 31, 2022 | 6.10 Bn |
| Dec 31, 2021 | 6.85 Bn |
| Sep 30, 2021 | 6.67 Bn |