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| Date | Value |
|---|---|
| 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% |