Chevron (CVX) Invested Capital (2009 - 2026)
Chevron's (CVX) quarterly Invested Capital came in at $39.6 billion in Q1 2026, up 54.66% YoY from $25.6 billion in Q1 2025, and little changed on a QoQ basis from $39.8 billion in Q4 2025.
Analysis
Chevron (CVX) Invested Capital (2009 - 2026) Analysis & Trends
Chevron (CVX) has 18 years of Invested Capital data on file, last reported at $39.6 billion in Q1 2026.
- Quarterly Invested Capital rose 54.66% year-over-year to $39.6 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $140.6 billion (up 59.99% YoY) and the FY2025 annual result came in at $39.8 billion, up 97.57% from the prior year.
- Invested Capital steadied at $39.6 billion in Q1 2026, from $39.8 billion in the prior quarter.
- In the past five years, Invested Capital ranged from a high of $39.8 billion in Q4 2025 to a low of $20.1 billion in Q3 2023.
- A 5-year average of $25.0 billion and a median of $21.4 billion in 2024 frame the typical range for Invested Capital.
- Annual changes were most pronounced in 2022 — Invested Capital sank 42.2% — and 2025, when it jumped 97.57%.
- Tracing CVX's Invested Capital over 5 years: stood at $21.4 billion in 2022, then retreated by 5.0% to $20.3 billion in 2023, then slipped by 0.85% to $20.1 billion in 2024, then surged by 97.57% to $39.8 billion in 2025, then dropped by 0.45% to $39.6 billion in 2026.
- The last three Invested Capital figures came in at $39.6 billion (Q1 2026), $39.8 billion (Q4 2025), and $38.0 billion (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 73.08 Bn |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 36.67 Bn |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 13.18 Bn |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 2.78 Bn |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 2.83 Bn |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 474.24 Mn |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 13.74 Mn |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | - |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | 215.86 Mn |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.67 Bn |
| Mar 31, 2026 | 39.60 Bn |
| Dec 31, 2025 | 39.78 Bn |
| Sep 30, 2025 | 37.95 Bn |
| Jun 30, 2025 | 23.28 Bn |
| Mar 31, 2025 | 25.61 Bn |
| Dec 31, 2024 | 20.14 Bn |
| Sep 30, 2024 | 20.70 Bn |
| Jun 30, 2024 | 21.45 Bn |
| Mar 31, 2024 | 21.55 Bn |
| Dec 31, 2023 | 20.31 Bn |
| Sep 30, 2023 | 20.12 Bn |
| Jun 30, 2023 | 20.25 Bn |
| Mar 31, 2023 | 20.28 Bn |
| Dec 31, 2022 | 21.38 Bn |
| Sep 30, 2022 | 21.42 Bn |
| Jun 30, 2022 | 23.01 Bn |
| Mar 31, 2022 | 29.02 Bn |
| Dec 31, 2021 | 31.11 Bn |
| Sep 30, 2021 | 37.06 Bn |