Chevron (CVX) Operating Income (2017 - 2026)

Chevron's (CVX) quarterly Operating Income came in at -$24.3 billion in Q1 2026, down 319.43% YoY from $11.1 billion in Q1 2025, and down 272.04% on a QoQ basis from $14.1 billion in Q4 2025.

Chevron (CVX) Operating Income (2017 - 2026) Analysis & Trends

Chevron (CVX) has 10 years of Operating Income data on file, last reported at -$24.3 billion in Q1 2026.

  • Quarterly Operating Income fell 319.43% year-over-year to -$24.3 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$56.9 billion (down 86.44% YoY) and the FY2025 annual result came in at $52.8 billion, up 152.25% from the prior year.
  • Operating Income eased to -$24.3 billion in Q1 2026, from $14.1 billion in the prior quarter.
  • In the past five years, Operating Income ranged from a high of $15.5 billion in Q3 2023 to a low of -$164.9 billion in Q4 2022.
  • A 5-year average of -$28.2 billion and a median of -$23.5 billion in 2025 frame the typical range for Operating Income.
  • Annual changes were most pronounced in 2022 — Operating Income sank 447.98% — and 2023, when it jumped 164.54%.
  • Tracing CVX's Operating Income over 5 years: stood at -$164.9 billion in 2022, then increased by 19.63% to -$132.5 billion in 2023, then soared by 78.89% to -$28.0 billion in 2024, then surged by 150.52% to $14.1 billion in 2025, then sank by 272.04% to -$24.3 billion in 2026.
  • The last three Operating Income figures came in at -$24.3 billion (Q1 2026), $14.1 billion (Q4 2025), and -$23.5 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn 168.00 Mn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - -
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn -24.32 Bn
4 Eni Spa 205.81 Bn 195.97 Bn - 825.38 Mn
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn 27.11 Bn
6 Equinor Asa 98.30 Bn 89.04 Bn - 12.99 Bn
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn 5.41 Bn
8 Imperial Oil 61.22 Bn 60.47 Bn - -
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 18.69 Bn
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn 878.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -24.32 Bn
Dec 31, 2025 14.14 Bn
Sep 30, 2025 -23.54 Bn
Jun 30, 2025 -23.16 Bn
Mar 31, 2025 11.08 Bn
Dec 31, 2024 -27.98 Bn
Sep 30, 2024 -25.70 Bn
Jun 30, 2024 12.09 Bn
Mar 31, 2024 -21.96 Bn
Dec 31, 2023 -132.53 Bn
Sep 30, 2023 15.45 Bn
Jun 30, 2023 -22.83 Bn
Mar 31, 2023 13.41 Bn
Dec 31, 2022 -164.90 Bn
Sep 30, 2022 -23.94 Bn
Jun 30, 2022 -28.07 Bn
Mar 31, 2022 -26.42 Bn
Dec 31, 2021 -30.09 Bn
Sep 30, 2021 13.37 Bn
Jun 30, 2021 12.07 Bn