Chevron (CVX) Operating Expenses (2009 - 2026)

Chevron (CVX) has reported Operating Expenses for 18 consecutive years, with $53.4 billion the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 31.21% year-over-year to $53.4 billion; the trailing twelve-month figure through Jun 2026 stood at $184.6 billion (up 6.69% YoY), and the FY2025 full-year result was $169.3 billion, down 3.42% from the prior year.
• Operating Expenses improved to $53.4 billion in Q2 2026 per CVX's latest filing, from $44.7 billion in the prior quarter.
• Across five years, Operating Expenses topped out at $53.4 billion in Q2 2026 and bottomed at $40.7 billion in Q2 2025.
• Historically, Operating Expenses has averaged $45.0 billion across 5 years, with a median of $44.2 billion in 2024.
• The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 59.03% in 2022, then dropped 22.18% in 2023.
• Over 5 years, Operating Expenses stood at $46.7 billion in 2022, then slipped by 6.38% to $43.7 billion in 2023, then climbed by 5.67% to $46.2 billion in 2024, then dropped by 8.43% to $42.3 billion in 2025, then rose by 26.25% to $53.4 billion in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $53.4 billion, $44.7 billion, and $42.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.