Chevron (CVX) Payout Ratio (2009 - 2026)
Chevron's (CVX) quarterly Payout Ratio came in at 0.29 in Q2 2026, down 75.38% on a YoY basis from 1.17 in Q2 2025, and down 81.71% quarter-over-quarter from 1.57 in Q1 2026.
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Analysis
Chevron (CVX) Payout Ratio (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Payout Ratio for 18 consecutive years, with 0.29 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payout Ratio fell 75.38% year-over-year to 0.29; the trailing twelve-month figure through Jun 2026 stood at 0.66 (down 21.94% YoY), and the FY2025 full-year result was 1.02, up 53.61% from the prior year.
- Payout Ratio retreated to 0.29 in Q2 2026 per CVX's latest filing, from 1.57 in the prior quarter.
- Across five years, Payout Ratio topped out at 1.57 in Q1 2026 and bottomed at 0.24 in Q2 2022.
- Historically, Payout Ratio has averaged 0.71 across 5 years, with a median of 0.6 in 2024.
- The sharpest annual moves came in 2023 and 2026: Payout Ratio surged 193.63% in 2023, then sank 75.38% in 2026.
- Over 5 years, Payout Ratio stood at 0.43 in 2022, then soared by 193.63% to 1.26 in 2023, then plunged by 30.37% to 0.87 in 2024, then jumped by 36.85% to 1.2 in 2025, then slumped by 76.0% to 0.29 in 2026.
- According to Business Quant data, Payout Ratio over the past three periods registered 0.29, 1.57, and 1.2 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chevron | 406.10 Bn | 403.25 Bn | 33.45 Bn |
| 2 | Shell | 256.90 Bn | 217.03 Bn | 30.13 Bn |
| 3 | TotalEnergies SE | 202.32 Bn | 173.15 Bn | 23.46 Bn |
| 4 | Eni Spa | 172.63 Bn | 162.79 Bn | - |
| 5 | Conocophillips | 153.88 Bn | 146.19 Bn | 12.81 Bn |
| 6 | Equinor Asa | 107.31 Bn | 98.05 Bn | - |
| 7 | Phillips 66 | 102.33 Bn | 99.43 Bn | 8.38 Bn |
| 8 | Canadian Natural Resources | 99.17 Bn | 97.27 Bn | 8.84 Bn |
| 9 | Suncor Energy | 81.11 Bn | 75.74 Bn | 17.50 Bn |
| 10 | Eog Resources | 74.44 Bn | 69.53 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.29 |
| Mar 31, 2026 | 1.57 |
| Dec 31, 2025 | 1.20 |
| Sep 30, 2025 | 0.95 |
| Jun 30, 2025 | 1.17 |
| Mar 31, 2025 | 0.85 |
| Dec 31, 2024 | 0.87 |
| Sep 30, 2024 | 0.65 |
| Jun 30, 2024 | 0.67 |
| Mar 31, 2024 | 0.54 |
| Dec 31, 2023 | 1.26 |
| Sep 30, 2023 | 0.44 |
| Jun 30, 2023 | 0.47 |
| Mar 31, 2023 | 0.43 |
| Dec 31, 2022 | 0.43 |
| Sep 30, 2022 | 0.24 |
| Jun 30, 2022 | 0.24 |
| Mar 31, 2022 | 0.44 |
| Dec 31, 2021 | 0.51 |
| Sep 30, 2021 | 0.42 |
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();