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Chevron (CVX) Operating Margin (2017 - 2026)

Chevron filings provide 9 years of Operating Margin readings, the most recent being 271.26% for Q4 2025.

  • On a quarterly basis, Operating Margin fell 29311.0% to 271.26% in Q4 2025 year-over-year; TTM through Dec 2025 was 84.07%, a 9154.0% decrease, with the full-year FY2025 number at 46.8%, down 7097.0% from a year prior.
  • Operating Margin hit 271.26% in Q4 2025 for Chevron, down from 29.75% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 34.72% in Q3 2021 to a low of 284.62% in Q4 2023.
  • Median Operating Margin over the past 5 years was 39.92% (2023), compared with a mean of 40.09%.
  • Biggest five-year swings in Operating Margin: plummeted -29867bps in 2021 and later skyrocketed 30648bps in 2024.
  • Chevron's Operating Margin stood at 35.36% in 2021, then crashed by -105bps to 72.48% in 2022, then crashed by -293bps to 284.62% in 2023, then soared by 108bps to 21.86% in 2024, then crashed by -1341bps to 271.26% in 2025.
  • The last three reported values for Operating Margin were 271.26% (Q4 2025), 29.75% (Q3 2025), and 52.19% (Q2 2025) per Business Quant data.