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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 11.43% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 17.41% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 8.80% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | 229.40% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | 9.17% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | -570.52% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 13.63% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 16.47% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | 190.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.41% |
| Mar 31, 2026 | 4.62% |
| Dec 31, 2025 | 6.07% |
| Sep 30, 2025 | 7.27% |
| Jun 30, 2025 | 5.61% |
| Mar 31, 2025 | 7.35% |
| Dec 31, 2024 | 6.32% |
| Sep 30, 2024 | 8.88% |
| Jun 30, 2024 | 8.67% |
| Mar 31, 2024 | 11.34% |
| Dec 31, 2023 | 4.74% |
| Sep 30, 2023 | 12.09% |
| Jun 30, 2023 | 12.29% |
| Mar 31, 2023 | 13.00% |
| Dec 31, 2022 | 11.23% |
| Sep 30, 2022 | 16.82% |
| Jun 30, 2022 | 17.02% |
| Mar 31, 2022 | 11.59% |
| Dec 31, 2021 | 10.46% |
| Sep 30, 2021 | 13.78% |