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Chevron (CVX) Operating Expenses (2016 - 2026)

Chevron filings provide 17 years of Operating Expenses readings, the most recent being $148.7 billion for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 1850.56% to $148.7 billion in Q4 2025 year-over-year; TTM through Dec 2025 was $238.9 billion, a 287.05% increase, with the full-year FY2025 number at $169.3 billion, up 516.4% from a year prior.
  • Operating Expenses hit $148.7 billion in Q4 2025 for Chevron, up from $7.5 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $153.0 billion in Q4 2023 to a low of $5.0 billion in Q1 2021.
  • Median Operating Expenses over the past 5 years was $40.7 billion (2024), compared with a mean of $38.5 billion.
  • Biggest five-year swings in Operating Expenses: plummeted 95.02% in 2024 and later skyrocketed 1850.56% in 2025.
  • Chevron's Operating Expenses stood at $41.1 billion in 2021, then increased by 13.42% to $46.7 billion in 2022, then soared by 227.84% to $153.0 billion in 2023, then plummeted by 95.02% to $7.6 billion in 2024, then skyrocketed by 1850.56% to $148.7 billion in 2025.
  • The last three reported values for Operating Expenses were $148.7 billion (Q4 2025), $7.5 billion (Q3 2025), and $40.7 billion (Q2 2025) per Business Quant data.