Chevron (CVX) Operating Expenses (2009 - 2026)

Chevron (CVX) has 18 years of Operating Expenses data on file, last reported at $44.7 billion in Q1 2026.

• Quarterly Operating Expenses rose 596.96% year-over-year to $44.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $137.0 billion (up 32.57% YoY) and the FY2025 annual result came in at $28.0 billion, down 84.02% from the prior year.
• Operating Expenses climbed to $44.7 billion in Q1 2026, from $7.4 billion in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $178.3 billion in Q4 2022 to a low of $6.0 billion in Q1 2023.
• A 5-year average of $48.0 billion and a median of $44.2 billion in 2024 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses surged 976.93% — and 2023, when it tumbled 87.85%.
• Tracing CVX's Operating Expenses over 5 years: stood at $178.3 billion in 2022, then dropped by 14.18% to $153.0 billion in 2023, then slumped by 69.82% to $46.2 billion in 2024, then slumped by 84.0% to $7.4 billion in 2025, then jumped by 504.43% to $44.7 billion in 2026.
• The last three Operating Expenses figures came in at $44.7 billion (Q1 2026), $7.4 billion (Q4 2025), and $44.3 billion (Q3 2025), per Business Quant data.