Chevron (CVX) Free Cash Flow (2009 - 2026)
Chevron (CVX) reported Free Cash Flow of -$1.5 billion for Q1 2026, down 222.74% on a YoY basis from $1.3 billion in Q1 2025, and down 128.04% quarter-over-quarter from $5.5 billion in Q4 2025.
Chevron (CVX) Free Cash Flow (2009 - 2026) Analysis & Trends
Chevron has reported Free Cash Flow for 18 years, with the latest figure at -$1.5 billion in Q1 2026.
- For the quarter ending Q1 2026, Free Cash Flow fell 222.74% year-over-year to -$1.5 billion; the trailing twelve-month figure through Mar 2026 stood at $13.8 billion (up 1.58% YoY), and the FY2025 full-year result was $16.6 billion, up 10.29% from the prior year.
- Free Cash Flow for Q1 2026 stood at -$1.5 billion, down from $5.5 billion in the prior quarter.
- The five-year high for Free Cash Flow was $12.3 billion in Q3 2022, with the low at -$1.5 billion in Q1 2026.
- Historically, Free Cash Flow has averaged $5.1 billion across 5 years, with a median of $4.9 billion in 2025.
- Annual changes were most pronounced in 2022 — Free Cash Flow jumped 148.78% — and 2026, when it slumped 222.74%.
- Chevron's Free Cash Flow stood at $8.7 billion in 2022, then slipped by 6.81% to $8.1 billion in 2023, then sank by 46.03% to $4.4 billion in 2024, then gained by 26.81% to $5.5 billion in 2025, then plunged by 128.04% to -$1.5 billion in 2026.
- The last three Free Cash Flow figures came in at -$1.5 billion (Q1 2026), $5.5 billion (Q4 2025), and $4.9 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 8.36 Bn |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 2.24 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 3,361.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | 9.82 Bn |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | -1.55 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | - |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 3.97 Bn |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 2.86 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 2.59 Bn |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 204.91 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.55 Bn |
| Mar 31, 2026 | -1.55 Bn |
| Dec 31, 2025 | 5.53 Bn |
| Dec 31, 2025 | 5.53 Bn |
| Sep 30, 2025 | 4.94 Bn |
| Sep 30, 2025 | 4.94 Bn |
| Jun 30, 2025 | 4.86 Bn |
| Jun 30, 2025 | 4.86 Bn |
| Mar 31, 2025 | 1.26 Bn |
| Mar 31, 2025 | 1.26 Bn |
| Dec 31, 2024 | 4.36 Bn |
| Dec 31, 2024 | 4.36 Bn |
| Sep 30, 2024 | 5.62 Bn |
| Sep 30, 2024 | 5.62 Bn |
| Jun 30, 2024 | 2.33 Bn |
| Jun 30, 2024 | 2.33 Bn |
| Mar 31, 2024 | 2.74 Bn |
| Mar 31, 2024 | 2.74 Bn |
| Dec 31, 2023 | 8.07 Bn |
| Dec 31, 2023 | 8.07 Bn |