Chevron (CVX) Invested Capital (2009 - 2026)
Chevron's Invested Capital came in at $195.96 billion for Q2 2026, up 27.7% from $153.45 billion a year earlier and up 0.4% from the prior quarter.
Powered by 
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 $137.01 billion (Q3 2021) to $232.93 billion (Q4 2025).
- Year-over-year, Invested Capital has increased for four consecutive quarters, with growth averaging 11.6% over the last eight quarters.
- The fastest year-over-year change in Invested Capital over five years came in Q4 2025 (growth of 31.1%), and the weakest in Q2 2025 (a decline of 5.3%).
- Business Quant data shows CVX's Invested Capital at $195.2 billion (Q1 2026), $232.93 billion (Q4 2025) and $199.19 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 | 694.97 Bn | 658.18 Bn | - | 308.48 Bn |
| 2 | Shell | 570.13 Bn | 500.87 Bn | 92.16 Bn | 246.39 Bn |
| 3 | Chevron | 418.82 Bn | 396.62 Bn | 33.45 Bn | 195.96 Bn |
| 4 | TotalEnergies SE | 189.94 Bn | 73.07 Bn | 61.77 Bn | 193.66 Bn |
| 5 | Eni Spa | 176.22 Bn | 126.56 Bn | - | 102.84 Bn |
| 6 | Conocophillips | 161.10 Bn | 133.81 Bn | 12.81 Bn | 88.64 Bn |
| 7 | Phillips 66 | 110.98 Bn | 99.96 Bn | 8.38 Bn | 53.27 Bn |
| 8 | Equinor Asa | 107.54 Bn | 22.06 Bn | - | 67.49 Bn |
| 9 | Canadian Natural Resources | 103.35 Bn | 100.30 Bn | 15.40 Bn | 21.12 Bn |
| 10 | Suncor Energy | 86.21 Bn | 72.00 Bn | - | 58.02 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 195.96 Bn |
| Mar 31, 2026 | 195.20 Bn |
| Dec 31, 2025 | 232.93 Bn |
| Sep 30, 2025 | 199.19 Bn |
| Jun 30, 2025 | 153.45 Bn |
| Mar 31, 2025 | 154.16 Bn |
| Dec 31, 2024 | 177.70 Bn |
| Sep 30, 2024 | 162.17 Bn |
| Jun 30, 2024 | 162.00 Bn |
| Mar 31, 2024 | 161.94 Bn |
| Dec 31, 2023 | 182.77 Bn |
| Sep 30, 2023 | 166.69 Bn |
| Jun 30, 2023 | 160.57 Bn |
| Mar 31, 2023 | 163.37 Bn |
| Dec 31, 2022 | 183.58 Bn |
| Sep 30, 2022 | 161.85 Bn |
| Jun 30, 2022 | 157.79 Bn |
| Mar 31, 2022 | 147.41 Bn |
| Dec 31, 2021 | 171.31 Bn |
| Sep 30, 2021 | 137.01 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();