Chevron (CVX) Return on Capital Employed (2009 - 2026)

Chevron (CVX) posted Return on Capital Employed of 18.04% for Q1 2026, up 272.61% quarter-over-quarter from 4.84% in Q4 2025, and up 4471.0% year-on-year from 0.39% in Q1 2025.

Chevron (CVX) Return on Capital Employed (2009 - 2026) Analysis & Trends

Chevron (CVX) has reported Return on Capital Employed for 18 consecutive years, with 18.04% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 18.04%, up 4471.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.04% (up 4471.0% YoY), and the FY2025 annual result was 20.54%, up 6209.0% from the prior year.
  • Return on Capital Employed was 18.04% for Q1 2026 at Chevron, up from 4.84% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 81.35% in Q4 2022 and troughed at 26.67% in Q1 2025.
  • Average Return on Capital Employed over 5 years is 11.62%, with a median of 4.84% recorded in 2025.
  • Year-over-year, Return on Capital Employed surged 7126 bps in 2022 and tumbled 10322 bps in 2023.
  • Over 5 years, Return on Capital Employed stood at 81.35% in 2022, then tumbled by 127 bps to 21.88% in 2023, then retreated by 13 bps to 24.7% in 2024, then surged by 120 bps to 4.84% in 2025, then jumped by 273 bps to 18.04% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 18.04% in Q1 2026, 4.84% in Q4 2025, and 9.52% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Exxon Mobil 6,326.01 Bn 6,324.19 Bn - 10.30%
2 Petrobras - Petroleo Brasileiro 3,284.86 Bn 3,284.86 Bn 11.34 Bn -
3 Bp 558.99 Bn 524.30 Bn 51.83 Bn -
4 TotalEnergies SE 523.98 Bn 523.98 Bn 26,816.00 -80.45%
5 Chevron 328.11 Bn 333.77 Bn 20.34 Bn 18.04%
6 Equinor Asa 77.88 Bn 70.78 Bn - 25.65%
7 National Fuel Gas 7.37 Bn 7.34 Bn 650.52 Mn 12.38%
8 Diversified Energy 1.02 Bn 860.11 Mn -3.35 Mn 9.71%
9 Stabilis Solutions 74.76 Mn 64.12 Mn 367,000.00 -4.66%
10 Sky Quarry 10.63 Mn 9.79 Mn -389,218.00 -285.73%

Historic Data

Download Data
DateValue
Mar 31, 2026 18.04%
Dec 31, 2025 4.84%
Sep 30, 2025 -9.52%
Jun 30, 2025 -10.88%
Mar 31, 2025 -26.67%
Dec 31, 2024 -24.70%
Sep 30, 2024 -24.58%
Jun 30, 2024 -24.37%
Mar 31, 2024 -23.76%
Dec 31, 2023 -21.88%
Sep 30, 2023 52.42%
Jun 30, 2023 54.84%
Mar 31, 2023 73.54%
Dec 31, 2022 81.35%
Sep 30, 2022 28.13%
Jun 30, 2022 26.78%
Mar 31, 2022 23.98%
Dec 31, 2021 10.09%
Sep 30, 2021 35.01%
Jun 30, 2021 32.10%