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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | 48.18% |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | - |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | 41.85% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | - |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 31.83% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | - |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 59.43% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | - |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 32.91% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 35.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.85% |
| Dec 31, 2025 | 45.92% |
| Sep 30, 2025 | 43.12% |
| Jun 30, 2025 | 39.47% |
| Mar 31, 2025 | 37.94% |
| Dec 31, 2024 | 37.63% |
| Sep 30, 2024 | 37.76% |
| Jun 30, 2024 | 37.74% |
| Mar 31, 2024 | 40.44% |
| Dec 31, 2023 | 41.80% |
| Sep 30, 2023 | 40.22% |
| Jun 30, 2023 | 38.61% |
| Mar 31, 2023 | 39.79% |
| Dec 31, 2022 | 29.10% |
| Sep 30, 2022 | 41.85% |
| Jun 30, 2022 | 37.77% |
| Mar 31, 2022 | 36.13% |
| Dec 31, 2021 | 26.78% |
| Sep 30, 2021 | 43.99% |
| Jun 30, 2021 | 45.13% |