Chevron (CVX) Invested Capital (2009 - 2026)
Chevron's (CVX) quarterly Invested Capital came in at $221.0 billion in Q2 2026, up 27.25% on a YoY basis from $173.6 billion in Q2 2025, and down 3.1% quarter-over-quarter from $228.0 billion in Q1 2026.
Analysis
Chevron (CVX) Invested Capital (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Invested Capital for 18 consecutive years, with $221.0 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Invested Capital rose 27.25% year-over-year to $221.0 billion; the trailing twelve-month figure through Jun 2026 stood at $221.0 billion (up 27.25% YoY), and the FY2025 full-year result was $233.9 billion, up 28.45% from the prior year.
- Invested Capital declined to $221.0 billion in Q2 2026 per CVX's latest filing, from $228.0 billion in the prior quarter.
- Across five years, Invested Capital topped out at $233.9 billion in Q4 2025 and bottomed at $170.2 billion in Q1 2022.
- Historically, Invested Capital has averaged $189.8 billion across 5 years, with a median of $181.0 billion in 2022.
- The sharpest annual moves came in 2024 and 2026: Invested Capital decreased 2.52% in 2024, then jumped 30.73% in 2026.
- Over 5 years, Invested Capital stood at $185.5 billion in 2022, then declined by 1.21% to $183.3 billion in 2023, then retreated by 0.65% to $182.1 billion in 2024, then increased by 28.45% to $233.9 billion in 2025, then fell by 5.54% to $221.0 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $221.0 billion, $228.0 billion, and $233.9 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 413.73 Bn | 410.87 Bn | 33.45 Bn | 220.96 Bn |
| 2 | Shell | 269.64 Bn | 229.78 Bn | 30.13 Bn | 245.32 Bn |
| 3 | TotalEnergies SE | 200.34 Bn | 171.16 Bn | 23.46 Bn | 193.66 Bn |
| 4 | Eni Spa | 171.91 Bn | 162.06 Bn | - | 98.69 Bn |
| 5 | Equinor Asa | 110.26 Bn | 101.00 Bn | - | 64.66 Bn |
| 6 | Phillips 66 | 108.93 Bn | 106.03 Bn | 8.38 Bn | 53.27 Bn |
| 7 | Suncor Energy | 82.82 Bn | 77.45 Bn | 17.50 Bn | 58.02 Bn |
| 8 | Imperial Oil | 62.85 Bn | 60.80 Bn | - | 20.63 Bn |
| 9 | Cenovus Energy | 61.44 Bn | 59.48 Bn | 7.32 Bn | 22.68 Bn |
| 10 | Occidental Petroleum | 58.81 Bn | 55.30 Bn | 7.73 Bn | 56.12 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 220.96 Bn |
| Mar 31, 2026 | 228.03 Bn |
| Dec 31, 2025 | 233.91 Bn |
| Sep 30, 2025 | 231.38 Bn |
| Jun 30, 2025 | 173.64 Bn |
| Mar 31, 2025 | 174.43 Bn |
| Dec 31, 2024 | 182.10 Bn |
| Sep 30, 2024 | 178.92 Bn |
| Jun 30, 2024 | 176.03 Bn |
| Mar 31, 2024 | 177.02 Bn |
| Dec 31, 2023 | 183.29 Bn |
| Sep 30, 2023 | 182.43 Bn |
| Jun 30, 2023 | 177.14 Bn |
| Mar 31, 2023 | 181.60 Bn |
| Dec 31, 2022 | 185.55 Bn |
| Sep 30, 2022 | 180.47 Bn |
| Jun 30, 2022 | 178.42 Bn |
| Mar 31, 2022 | 170.23 Bn |
| Dec 31, 2021 | 171.57 Bn |
| Sep 30, 2021 | 166.90 Bn |