Chevron (CVX) Operating Expenses (2009 - 2026)

Chevron (CVX) has reported Operating Expenses for 18 consecutive years, with $7.7 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $7.7 billion, down 81.74% year-over-year; the trailing twelve-month figure through Mar 2026 was $29.3 billion (down 78.95% YoY), and the FY2025 annual result was $28.0 billion, down 84.02% from the prior year.
• Operating Expenses was $7.7 billion for Q1 2026 at Chevron, up from $7.4 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $46.2 billion in Q4 2024 and troughed at -$125.2 billion in Q4 2022.
• Average Operating Expenses over 5 years is $13.8 billion, with a median of $7.5 billion recorded in 2025.
• Year-over-year, Operating Expenses slumped 2373.45% in 2022 and jumped 632.07% in 2023.
• Over 5 years, Operating Expenses stood at -$125.2 billion in 2022, then soared by 134.9% to $43.7 billion in 2023, then grew by 5.67% to $46.2 billion in 2024, then sank by 84.0% to $7.4 billion in 2025, then advanced by 3.88% to $7.7 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $7.7 billion in Q1 2026, $7.4 billion in Q4 2025, and $7.5 billion in Q3 2025.