Chevron (CVX) Invested Capital (2009 - 2026)
Chevron's Invested Capital came in at $232.63 billion for Q2 2026, up 31.6% from $176.73 billion a year earlier but down 0.9% from the prior quarter.
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Analysis
Chevron (CVX) Invested Capital (2009 - 2026) Analysis & Trends
For FY2025, Chevron's Invested Capital was $232.93 billion, up 31.1% from FY2024.
- Invested Capital carries a five-year compound annual growth rate of 5.6% (FY2020 to FY2025).
- Going back by year, Invested Capital was $177.7 billion in FY2024 (-2.8%), $182.77 billion in FY2023 (-0.4%), $183.58 billion in FY2022 (+7.2%) and $171.31 billion in FY2021 (-3.2%).
- The five-year range for quarterly Invested Capital is $171.31 billion (Q4 2021) to $237.14 billion (Q3 2025).
- Year-over-year, Invested Capital has increased for four consecutive quarters, with growth averaging 14.1% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q2 2026 (growth of 31.6%), and the weakest in Q2 2025 (a decline of 3.7%).
- Business Quant data shows CVX's Invested Capital at $234.8 billion (Q1 2026), $232.93 billion (Q4 2025) and $237.14 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 739.09 Bn | 702.30 Bn | - | 308.48 Bn |
| 2 | Chevron | 450.30 Bn | 428.09 Bn | 33.45 Bn | 232.63 Bn |
| 3 | Shell | 298.63 Bn | 159.98 Bn | - | 266.83 Bn |
| 4 | TotalEnergies SE | 204.82 Bn | 80.16 Bn | 31,614.00 | 199.96 Bn |
| 5 | Conocophillips | 176.42 Bn | 149.12 Bn | 12.81 Bn | 88.64 Bn |
| 6 | Equinor Asa | 113.51 Bn | 26.44 Bn | 4.49 Bn | 69.32 Bn |
| 7 | Canadian Natural Resources | 111.68 Bn | 108.68 Bn | 8.84 Bn | - |
| 8 | Phillips 66 | 107.29 Bn | 92.24 Bn | 10.69 Bn | 54.03 Bn |
| 9 | Eni Spa | 92.50 Bn | 35.68 Bn | - | 104.25 Bn |
| 10 | Suncor Energy | 90.02 Bn | 75.76 Bn | - | 58.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 232.63 Bn |
| Mar 31, 2026 | 234.80 Bn |
| Dec 31, 2025 | 232.93 Bn |
| Sep 30, 2025 | 237.14 Bn |
| Jun 30, 2025 | 176.73 Bn |
| Mar 31, 2025 | 179.76 Bn |
| Dec 31, 2024 | 177.70 Bn |
| Sep 30, 2024 | 182.87 Bn |
| Jun 30, 2024 | 183.45 Bn |
| Mar 31, 2024 | 183.49 Bn |
| Dec 31, 2023 | 182.77 Bn |
| Sep 30, 2023 | 186.81 Bn |
| Jun 30, 2023 | 180.81 Bn |
| Mar 31, 2023 | 183.64 Bn |
| Dec 31, 2022 | 183.58 Bn |
| Sep 30, 2022 | 183.27 Bn |
| Jun 30, 2022 | 180.80 Bn |
| Mar 31, 2022 | 176.43 Bn |
| Dec 31, 2021 | 171.31 Bn |
| Sep 30, 2021 | 174.07 Bn |
API Access
Chevron Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();