Chevron (CVX) Operating Income (2017 - 2026)
Chevron's Operating Income came in at $17.04 billion for Q2 2026, up 285.3% from $4.42 billion a year earlier and up 297.0% from the prior quarter.
Powered by 
Analysis
Chevron (CVX) Operating Income (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Chevron reported Operating Income of $32.07 billion, up 38.7% year-over-year; for FY2025, it came in at $20.96 billion, down 25.4% from FY2024.
- Operating Income has declined in each of the last three years.
- Going back by year, Operating Income was $28.1 billion in FY2024 (-6.5%), $30.05 billion in FY2023 (-40.1%), $50.19 billion in FY2022 (+124.6%) and $22.35 billion in FY2021.
- The Q2 2026 figure represents the highest quarterly Operating Income in data going back to Q2 2017.
- Year-over-year, Operating Income increased in two of the last eight quarters, with growth averaging 26.0%.
- The fastest year-over-year change in Operating Income over five years came in Q1 2022 (growth of 286.9%), and the weakest in Q4 2023 (a decline of 63.6%).
- Business Quant data shows CVX's Operating Income at $4.29 billion (Q1 2026), $4.96 billion (Q4 2025) and $5.78 billion (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 775.61 Bn | 732.09 Bn | - | - |
| 2 | Chevron | 463.09 Bn | 435.21 Bn | 33.45 Bn | -19.92 Bn |
| 3 | Shell | 320.18 Bn | 180.45 Bn | - | - |
| 4 | TotalEnergies SE | 208.95 Bn | 80.03 Bn | 31,614.00 | -5.11 Bn |
| 5 | Conocophillips | 186.07 Bn | 158.78 Bn | 12.81 Bn | 10.38 Bn |
| 6 | Equinor Asa | 126.25 Bn | 39.10 Bn | - | 11.96 Bn |
| 7 | Canadian Natural Resources | 117.07 Bn | 114.08 Bn | 8.84 Bn | 8.73 Bn |
| 8 | Phillips 66 | 110.73 Bn | 94.52 Bn | 10.69 Bn | 7.35 Bn |
| 9 | Suncor Energy | 96.25 Bn | 82.00 Bn | - | 652.00 Mn |
| 10 | Eni Spa | 91.80 Bn | 31.43 Bn | - | 2.14 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -19.92 Bn |
| Mar 31, 2026 | -24.32 Bn |
| Dec 31, 2025 | -20.75 Bn |
| Sep 30, 2025 | -21.98 Bn |
| Jun 30, 2025 | -22.71 Bn |
| Mar 31, 2025 | -23.03 Bn |
| Dec 31, 2024 | -24.09 Bn |
| Sep 30, 2024 | -23.96 Bn |
| Jun 30, 2024 | -23.83 Bn |
| Mar 31, 2024 | -19.82 Bn |
| Dec 31, 2023 | -24.99 Bn |
| Sep 30, 2023 | -23.59 Bn |
| Jun 30, 2023 | -21.15 Bn |
| Mar 31, 2023 | -19.89 Bn |
| Dec 31, 2022 | -22.76 Bn |
| Sep 30, 2022 | -23.94 Bn |
| Jun 30, 2022 | -24.68 Bn |
| Mar 31, 2022 | -24.36 Bn |
| Dec 31, 2021 | -23.23 Bn |
| Sep 30, 2021 | -15.78 Bn |
API Access
Chevron Operating Income API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-income&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-income", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-income&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();