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
DateValue
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%