Chevron (CVX) Net Margin (2009 - 2026)
Chevron (CVX) reported Net Margin of 7.11% for Q1 2026, down 1291.0% on a YoY basis from 0.6% in Q1 2025, and down 15.68% quarter-over-quarter from 6.15% in Q4 2025.
Chevron (CVX) Net Margin (2009 - 2026) Analysis & Trends
Chevron has reported Net Margin for 18 years, with the latest figure at 7.11% in Q1 2026.
- For the quarter ending Q1 2026, Net Margin fell 1291.0% year-over-year to 7.11%; the trailing twelve-month figure through Mar 2026 stood at 3.64% (down 975.0% YoY), and the FY2025 full-year result was 3.58%, down 476.0% from the prior year.
- Net Margin for Q1 2026 stood at 7.11%, down from 6.15% in the prior quarter.
- The five-year high for Net Margin was 16.38% in Q2 2022, with the low at 7.11% in Q1 2026.
- Historically, Net Margin has averaged 6.32% across 5 years, with a median of 7.24% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin surged 1001 bps — and 2026, when it slumped 1291 bps.
- Chevron's Net Margin stood at 9.94% in 2022, then sank by 74 bps to 2.63% in 2023, then surged by 83 bps to 4.81% in 2024, then tumbled by 228 bps to 6.15% in 2025, then dropped by 16 bps to 7.11% in 2026.
- The last three Net Margin figures came in at 7.11% (Q1 2026), 6.15% (Q4 2025), and 4.48% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | 26.37% |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 5.25% |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | 10.73% |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | -7.11% |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 12.71% |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | 6.96% |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 7.35% |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | 18.32% |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 7.55% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -7.11% |
| Dec 31, 2025 | -6.15% |
| Sep 30, 2025 | -4.48% |
| Jun 30, 2025 | 3.63% |
| Mar 31, 2025 | 5.80% |
| Dec 31, 2024 | 4.81% |
| Sep 30, 2024 | 7.24% |
| Jun 30, 2024 | 6.58% |
| Mar 31, 2024 | 9.23% |
| Dec 31, 2023 | 2.63% |
| Sep 30, 2023 | 10.70% |
| Jun 30, 2023 | 10.65% |
| Mar 31, 2023 | 11.06% |
| Dec 31, 2022 | 9.94% |
| Sep 30, 2022 | 16.14% |
| Jun 30, 2022 | 16.38% |
| Mar 31, 2022 | 10.40% |
| Dec 31, 2021 | 8.55% |
| Sep 30, 2021 | 12.55% |
| Jun 30, 2021 | 6.36% |