Chevron (CVX) Net Margin (2009 - 2026)
Chevron's (CVX) quarterly Net Margin came in at 17.41% in Q2 2026, up 1180.0% on a YoY basis from 1.36% in Q2 2025, and up 276.89% quarter-over-quarter from 4.62% in Q1 2026.
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Chevron (CVX) Net Margin (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Net Margin for 18 consecutive years, with 17.41% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Margin rose 1180.0% year-over-year to 17.41%; the trailing twelve-month figure through Jun 2026 stood at 9.71% (up 264.0% YoY), and the FY2025 full-year result was 6.6%, down 215.0% from the prior year.
- Net Margin rose to 17.41% in Q2 2026 per CVX's latest filing, from 4.62% in the prior quarter.
- Across five years, Net Margin topped out at 17.41% in Q2 2026 and bottomed at 4.62% in Q1 2026.
- Historically, Net Margin has averaged 10.13% across 5 years, with a median of 10.06% in 2022.
- The sharpest annual moves came in 2023 and 2026: Net Margin plunged 649 bps in 2023, then soared 1180 bps in 2026.
- Over 5 years, Net Margin stood at 11.23% in 2022, then plunged by 58 bps to 4.74% in 2023, then soared by 33 bps to 6.32% in 2024, then dropped by 4 bps to 6.07% in 2025, then jumped by 187 bps to 17.41% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 17.41%, 4.62%, and 6.07% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 17.41% |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 11.43% |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 8.80% |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | 14.64% |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | 9.17% |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 7.45% |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 19.26% |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 13.63% |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 34.80% |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 8.58% |
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% |