Chevron (CVX) Gross Margin (2017 - 2026)
Chevron's (CVX) quarterly Gross Margin came in at 41.85% in Q1 2026, up 391.0% YoY from 8.52% in Q1 2025, and down 8.87% on a QoQ basis from 45.92% in Q4 2025.
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Chevron (CVX) Gross Margin (2017 - 2026) Analysis & Trends
Chevron (CVX) has 10 years of Gross Margin data on file, last reported at 41.85% in Q1 2026.
- Quarterly Gross Margin rose 391.0% year-over-year to 41.85% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 42.63% (up 487.0% YoY) and the FY2025 annual result came in at 42.75%, up 439.0% from the prior year.
- Gross Margin retreated to 41.85% in Q1 2026, from 45.92% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 45.92% in Q4 2025 to a low of 29.1% in Q4 2022.
- A 5-year average of 39.24% and a median of 39.47% in 2025 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin slumped 737 bps — and 2023, when it jumped 1270 bps.
- Tracing CVX's Gross Margin over 5 years: stood at 29.1% in 2022, then jumped by 44 bps to 41.8% in 2023, then fell by 10 bps to 37.63% in 2024, then gained by 22 bps to 45.92% in 2025, then decreased by 9 bps to 41.85% in 2026.
- The last three Gross Margin figures came in at 41.85% (Q1 2026), 45.92% (Q4 2025), and 43.12% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | - |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 47.75% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 37.98% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | - |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | - |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 114.88% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | - |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 45.10% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 47.75% |
| Mar 31, 2026 | 41.85% |
| Dec 31, 2025 | 45.92% |
| Sep 30, 2025 | 44.90% |
| Jun 30, 2025 | 40.08% |
| Mar 31, 2025 | 39.91% |
| Dec 31, 2024 | 42.27% |
| Sep 30, 2024 | 39.90% |
| Jun 30, 2024 | 39.69% |
| Mar 31, 2024 | 43.06% |
| Dec 31, 2023 | 39.64% |
| Sep 30, 2023 | 40.22% |
| Jun 30, 2023 | 40.72% |
| Mar 31, 2023 | 42.10% |
| Dec 31, 2022 | 42.33% |
| Sep 30, 2022 | 41.85% |
| Jun 30, 2022 | 40.83% |
| Mar 31, 2022 | 38.55% |
| Dec 31, 2021 | 37.21% |
| Sep 30, 2021 | 46.69% |