Chevron (CVX) Gross Margin (2017 - 2026)
Chevron (CVX) posted Gross Margin of 41.85% for Q1 2026, down 8.87% quarter-over-quarter from 45.92% in Q4 2025, and up 391.0% year-on-year from 8.52% in Q1 2025.
Chevron (CVX) Gross Margin (2017 - 2026) Analysis & Trends
Chevron (CVX) has reported Gross Margin for 10 consecutive years, with 41.85% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 41.85%, up 391.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 42.77% (up 275.0% YoY), and the FY2025 annual result was 42.75%, up 154.0% from the prior year.
- Gross Margin was 41.85% for Q1 2026 at Chevron, down from 45.92% in the prior quarter.
- Over five years, Gross Margin peaked at 45.92% in Q4 2025 and troughed at 36.13% in Q1 2022.
- Average Gross Margin over 5 years is 40.3%, with a median of 39.9% recorded in 2024.
- Year-over-year, Gross Margin plunged 902 bps in 2022 and jumped 597 bps in 2023.
- Over 5 years, Gross Margin stood at 40.26% in 2022, then declined by 2 bps to 39.64% in 2023, then advanced by 7 bps to 42.27% in 2024, then grew by 9 bps to 45.92% in 2025, then declined by 9 bps to 41.85% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 41.85% in Q1 2026, 45.92% in Q4 2025, and 43.12% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | - |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 48.18% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 99.18% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | 49.51% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 41.85% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | - |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 75.79% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -12.33% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 3.54% |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.85% |
| Dec 31, 2025 | 45.92% |
| Sep 30, 2025 | 43.12% |
| Jun 30, 2025 | 40.08% |
| Mar 31, 2025 | 37.94% |
| 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 | 37.74% |
| Jun 30, 2023 | 38.61% |
| Mar 31, 2023 | 42.10% |
| Dec 31, 2022 | 40.26% |
| Sep 30, 2022 | 38.98% |
| Jun 30, 2022 | 37.77% |
| Mar 31, 2022 | 36.13% |
| Dec 31, 2021 | 37.21% |
| Sep 30, 2021 | 43.99% |
| Jun 30, 2021 | 45.13% |