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| Date | Value |
|---|---|
| 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% |