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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Chevron (CVX) Operating Margin (2017 - 2025)

Chevron's Operating Margin history spans 9 years, with the latest figure at 271.26% for Q4 2025.

  • For Q4 2025, Operating Margin fell 21337.0% year-over-year to 271.26%; the TTM value through Dec 2025 reached 88.61%, down 7449.0%, while the annual FY2025 figure was 46.8%, 546.0% up from the prior year.
  • Operating Margin reached 271.26% in Q4 2025 per CVX's latest filing, down from 48.87% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 31.41% in Q3 2021 to a low of 271.26% in Q4 2025.
  • Average Operating Margin over 5 years is 27.71%, with a median of 38.1% recorded in 2022.
  • The largest YoY upside for Operating Margin was 7179bps in 2021 against a maximum downside of -29723bps in 2021.
  • A 5-year view of Operating Margin shows it stood at 35.36% in 2021, then decreased by -14bps to 40.31% in 2022, then fell by -18bps to 47.48% in 2023, then decreased by -22bps to 57.89% in 2024, then tumbled by -369bps to 271.26% in 2025.
  • Per Business Quant, the three most recent readings for CVX's Operating Margin are 271.26% (Q4 2025), 48.87% (Q3 2025), and 24.43% (Q2 2025).