Chevron (CVX) Net Margin (2009 - 2026)
Chevron (CVX) posted Net Margin of 17.23% for Q2 2026, up 11.68 percentage points from 5.56% a year earlier and up 12.69 percentage points from the prior quarter.
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Analysis
Chevron (CVX) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Chevron was 9.57%, up 2.54 percentage points year-over-year; for FY2025, it came in at 6.51%, down 2.20 percentage points from FY2024.
- Annual Net Margin has declined for three consecutive years, though with a five-year change of +12.36 percentage points (FY2020 to FY2025).
- In prior years, Chevron's Net Margin was 8.71% in FY2024 (-1.93 pp), 10.63% in FY2023 (-3.77 pp), 14.40% in FY2022 (+4.78 pp) and 9.62% in FY2021 (+15.47 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin in data going back to Q1 2009.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -0.25 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q3 2021, with a gain of 14.51 percentage points; the weakest was Q4 2023, with a drop of 6.46 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 4.55% (Q1 2026), 5.91% (Q4 2025) and 7.12% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 778.24 Bn | 734.72 Bn | - | 12.52% |
| 2 | Chevron | 463.12 Bn | 435.23 Bn | 33.45 Bn | 17.23% |
| 3 | Shell | 320.05 Bn | 180.31 Bn | - | - |
| 4 | TotalEnergies SE | 208.53 Bn | 79.61 Bn | 31,614.00 | 12.37% |
| 5 | Conocophillips | 185.85 Bn | 158.56 Bn | 12.81 Bn | 20.14% |
| 6 | Equinor Asa | 126.28 Bn | 39.13 Bn | - | 8.61% |
| 7 | Canadian Natural Resources | 116.99 Bn | 113.99 Bn | 8.84 Bn | 30.55% |
| 8 | Phillips 66 | 111.27 Bn | 95.06 Bn | 10.69 Bn | 10.90% |
| 9 | Suncor Energy | 96.22 Bn | 81.97 Bn | - | 26.19% |
| 10 | Eni Spa | 91.72 Bn | 31.35 Bn | - | 13.41% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.23% |
| Mar 31, 2026 | 4.55% |
| Dec 31, 2025 | 5.91% |
| Sep 30, 2025 | 7.12% |
| Jun 30, 2025 | 5.56% |
| Mar 31, 2025 | 7.35% |
| Dec 31, 2024 | 6.20% |
| Sep 30, 2024 | 8.86% |
| Jun 30, 2024 | 8.66% |
| Mar 31, 2024 | 11.29% |
| Dec 31, 2023 | 4.79% |
| Sep 30, 2023 | 12.07% |
| Jun 30, 2023 | 12.29% |
| Mar 31, 2023 | 12.94% |
| Dec 31, 2022 | 11.25% |
| Sep 30, 2022 | 16.85% |
| Jun 30, 2022 | 16.90% |
| Mar 31, 2022 | 11.51% |
| Dec 31, 2021 | 10.50% |
| Sep 30, 2021 | 13.67% |
API Access
Chevron Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();