Chevron (CVX) Payout Ratio (2009 - 2026)
Chevron's Payout Ratio came in at 0.67 for Q2 2026, down 21.3% from 0.86 a year earlier and down 44.2% from the prior quarter.
Powered by 
Analysis
Chevron (CVX) Payout Ratio (2009 - 2026) Analysis & Trends
For FY2025, Chevron's Payout Ratio was 1.04, up 55.2% from FY2024.
- Payout Ratio has increased in each of the last three years.
- Going back by year, Payout Ratio was 0.67 in FY2024 (+26.0%), 0.53 in FY2023 (+71.5%), 0.31 in FY2022 (-52.5%) and 0.65 in FY2021.
- The Q2 2026 figure represents the lowest quarterly Payout Ratio since Q4 2024.
- Year-over-year, Payout Ratio increased in seven of the last eight quarters, with growth averaging 35.8%.
- The fastest year-over-year change in Payout Ratio over five years came in Q1 2024 (growth of 82.7%), and the weakest in Q2 2022 (a decline of 86.7%).
- Business Quant data shows CVX's Payout Ratio at 1.21 (Q1 2026), 1.04 (Q4 2025) and 0.96 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 746.42 Bn | 702.90 Bn | - |
| 2 | Chevron | 442.96 Bn | 415.08 Bn | 33.45 Bn |
| 3 | Shell | 313.69 Bn | 243.43 Bn | 30.13 Bn |
| 4 | TotalEnergies SE | 200.00 Bn | 80.58 Bn | 61.77 Bn |
| 5 | Conocophillips | 177.72 Bn | 150.43 Bn | 12.81 Bn |
| 6 | Equinor Asa | 121.70 Bn | 36.16 Bn | - |
| 7 | Phillips 66 | 117.59 Bn | 105.38 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 112.49 Bn | 109.50 Bn | 8.84 Bn |
| 9 | Suncor Energy | 94.96 Bn | 80.71 Bn | - |
| 10 | Eni Spa | 89.38 Bn | 33.94 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.67 |
| Mar 31, 2026 | 1.21 |
| Dec 31, 2025 | 1.04 |
| Sep 30, 2025 | 0.96 |
| Jun 30, 2025 | 0.86 |
| Mar 31, 2025 | 0.75 |
| Dec 31, 2024 | 0.67 |
| Sep 30, 2024 | 0.70 |
| Jun 30, 2024 | 0.62 |
| Mar 31, 2024 | 0.57 |
| Dec 31, 2023 | 0.53 |
| Sep 30, 2023 | 0.44 |
| Jun 30, 2023 | 0.37 |
| Mar 31, 2023 | 0.31 |
| Dec 31, 2022 | 0.31 |
| Sep 30, 2022 | 0.32 |
| Jun 30, 2022 | 0.37 |
| Mar 31, 2022 | 0.51 |
| Dec 31, 2021 | 0.65 |
| Sep 30, 2021 | 1.02 |
API Access
Chevron Payout Ratio 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=payout-ratio&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();