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Chevron (CVX) Operating Expenses (2016 - 2025)

Chevron (CVX) has disclosed Operating Expenses for 17 consecutive years, with $1.8 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses fell 98.83% year-over-year to $1.8 billion, compared with a TTM value of $16.7 billion through Dec 2025, down 92.03%, and an annual FY2025 reading of $28.0 billion, down 84.02% over the prior year.
  • Operating Expenses was $1.8 billion for Q4 2025 at Chevron, roughly flat from $1.8 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $155.4 billion in Q4 2024 and bottomed at -$28.9 billion in Q2 2025.
  • Average Operating Expenses over 5 years is $22.8 billion, with a median of $5.5 billion recorded in 2021.
  • The sharpest move saw Operating Expenses skyrocketed 10004.63% in 2023, then crashed 537.63% in 2025.
  • Year by year, Operating Expenses stood at $1.5 billion in 2021, then soared by 30.35% to $1.9 billion in 2022, then surged by 2191.03% to $43.7 billion in 2023, then skyrocketed by 255.79% to $155.4 billion in 2024, then crashed by 98.83% to $1.8 billion in 2025.
  • Business Quant data shows Operating Expenses for CVX at $1.8 billion in Q4 2025, $1.8 billion in Q3 2025, and -$28.9 billion in Q2 2025.