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.
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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 | 689.64 Bn | 647.78 Bn | - | - |
| 2 | Chevron | 419.46 Bn | 386.50 Bn | 31.26 Bn | 13.93 Bn |
| 3 | Shell | 293.24 Bn | 153.51 Bn | - | - |
| 4 | TotalEnergies SE | 194.25 Bn | 65.33 Bn | 31,614.00 | -5.11 Bn |
| 5 | Eni Spa | 168.21 Bn | 107.84 Bn | - | 2.14 Bn |
| 6 | Conocophillips | 166.75 Bn | 139.45 Bn | 12.81 Bn | 10.38 Bn |
| 7 | Equinor Asa | 109.46 Bn | 22.31 Bn | 4.49 Bn | 11.96 Bn |
| 8 | Canadian Natural Resources | 102.29 Bn | 96.19 Bn | 9.35 Bn | 8.76 Bn |
| 9 | Phillips 66 | 98.78 Bn | 82.57 Bn | 10.69 Bn | 7.35 Bn |
| 10 | Suncor Energy | 84.55 Bn | 65.24 Bn | - | 4.35 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.93 Bn |
| Jun 30, 2026 | 17.04 Bn |
| Mar 31, 2026 | 4.29 Bn |
| Dec 31, 2025 | 4.96 Bn |
| Sep 30, 2025 | 5.78 Bn |
| Jun 30, 2025 | 4.42 Bn |
| Mar 31, 2025 | 5.80 Bn |
| Dec 31, 2024 | 6.26 Bn |
| Sep 30, 2024 | 6.65 Bn |
| Jun 30, 2024 | 7.15 Bn |
| Mar 31, 2024 | 8.04 Bn |
| Dec 31, 2023 | 3.61 Bn |
| Sep 30, 2023 | 8.85 Bn |
| Jun 30, 2023 | 7.96 Bn |
| Mar 31, 2023 | 9.63 Bn |
| Dec 31, 2022 | 9.93 Bn |
| Sep 30, 2022 | 14.94 Bn |
| Jun 30, 2022 | 16.13 Bn |
| Mar 31, 2022 | 9.19 Bn |
| Dec 31, 2021 | 7.14 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();