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Chevron (CVX) Operating Expenses (2016 - 2025)

Chevron's Operating Expenses history spans 17 years, with the latest figure at $148.7 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 222.03% year-over-year to $148.7 billion; the TTM value through Dec 2025 reached $241.7 billion, up 133.53%, while the annual FY2025 figure was $169.3 billion, 3.42% down from the prior year.
  • Operating Expenses reached $148.7 billion in Q4 2025 per CVX's latest filing, up from $44.3 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $148.7 billion in Q4 2025 to a low of $5.0 billion in Q1 2021.
  • Average Operating Expenses over 5 years is $34.2 billion, with a median of $41.1 billion recorded in 2021.
  • Peak YoY movement for Operating Expenses: surged 868.34% in 2022, then crashed 87.85% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $41.1 billion in 2021, then increased by 13.42% to $46.7 billion in 2022, then fell by 6.38% to $43.7 billion in 2023, then rose by 5.67% to $46.2 billion in 2024, then skyrocketed by 222.03% to $148.7 billion in 2025.
  • Per Business Quant, the three most recent readings for CVX's Operating Expenses are $148.7 billion (Q4 2025), $44.3 billion (Q3 2025), and $6.7 billion (Q2 2025).