Chevron (CVX) Net Margin (2009 - 2026)

Chevron's (CVX) quarterly Net Margin came in at 4.62% in Q1 2026, down 300.0% YoY from 2.31% in Q1 2025, and down 24.93% on a QoQ basis from 6.15% in Q4 2025.

Chevron (CVX) Net Margin (2009 - 2026) Analysis & Trends

Chevron (CVX) has 18 years of Net Margin data on file, last reported at 4.62% in Q1 2026.

  • Quarterly Net Margin fell 300.0% year-over-year to 4.62% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 5.96% (down 219.0% YoY) and the FY2025 annual result came in at 6.6%, down 257.0% from the prior year.
  • Net Margin declined to 4.62% in Q1 2026, from 6.15% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 17.9% in Q2 2022 to a low of 4.53% in Q4 2023.
  • A 5-year average of 10.1% and a median of 9.2% in 2024 frame the typical range for Net Margin.
  • Annual changes were most pronounced in 2022 — Net Margin soared 960 bps — and 2023, when it tumbled 920 bps.
  • Tracing CVX's Net Margin over 5 years: stood at 13.73% in 2022, then plunged by 67 bps to 4.53% in 2023, then surged by 51 bps to 6.84% in 2024, then decreased by 10 bps to 6.15% in 2025, then declined by 25 bps to 4.62% in 2026.
  • The last three Net Margin figures came in at 4.62% (Q1 2026), 6.15% (Q4 2025), and 7.47% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn 26.34%
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 5.25%
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 4.62%
4 Eni Spa 205.81 Bn 195.97 Bn - 5.34%
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn -2.53%
6 Equinor Asa 98.30 Bn 89.04 Bn - 9.17%
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn 23.36%
8 Imperial Oil 61.22 Bn 60.47 Bn - 7.55%
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 9.52%
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn 18.10%

Historic Data

Download Data
DateValue
Mar 31, 2026 4.62%
Dec 31, 2025 6.15%
Sep 30, 2025 7.47%
Jun 30, 2025 5.56%
Mar 31, 2025 7.62%
Dec 31, 2024 6.84%
Sep 30, 2024 9.20%
Jun 30, 2024 8.88%
Mar 31, 2024 11.87%
Dec 31, 2023 4.53%
Sep 30, 2023 12.02%
Jun 30, 2023 12.79%
Mar 31, 2023 13.55%
Dec 31, 2022 13.73%
Sep 30, 2022 16.81%
Jun 30, 2022 17.90%
Mar 31, 2022 12.09%
Dec 31, 2021 12.31%
Sep 30, 2021 14.37%
Jun 30, 2021 8.30%