Chevron (CVX) Return on Capital Employed (2009 - 2026)
Chevron's (CVX) quarterly Return on Capital Employed came in at 19.99% in Q1 2026, down 618.0% YoY from 3.86% in Q1 2025, and down 171.57% on a QoQ basis from 7.36% in Q4 2025.
Chevron (CVX) Return on Capital Employed (2009 - 2026) Analysis & Trends
Chevron (CVX) has 18 years of Return on Capital Employed data on file, last reported at 19.99% in Q1 2026.
- Quarterly Return on Capital Employed fell 618.0% year-over-year to 19.99% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 19.99% (down 618.0% YoY) and the FY2025 annual result came in at 20.54%, up 6634.0% from the prior year.
- Return on Capital Employed retreated to 19.99% in Q1 2026, from 7.36% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 7.36% in Q4 2025 to a low of 100.38% in Q4 2022.
- A 5-year average of 48.55% and a median of 48.89% in 2022 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed tumbled 10213 bps — and 2025, when it jumped 5697 bps.
- Tracing CVX's Return on Capital Employed over 5 years: stood at 100.38% in 2022, then soared by 49 bps to 50.86% in 2023, then soared by 43 bps to 28.95% in 2024, then jumped by 75 bps to 7.36% in 2025, then slumped by 172 bps to 19.99% in 2026.
- The last three Return on Capital Employed figures came in at 19.99% (Q1 2026), 7.36% (Q4 2025), and 25.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Petrobras - Petroleo Brasileiro | 1,308.33 Bn | -5,263.99 Bn | 11.34 Bn | - |
| 2 | ExxonMobil Holdings | 651.52 Bn | 649.70 Bn | - | 10.38% |
| 3 | Chevron | 382.50 Bn | 382.83 Bn | 20.34 Bn | -19.99% |
| 4 | Eni Spa | 205.81 Bn | 195.97 Bn | - | 4.63% |
| 5 | Shell | 102.19 Bn | 62.32 Bn | 30.13 Bn | 21.46% |
| 6 | Equinor Asa | 98.30 Bn | 89.04 Bn | - | 31.72% |
| 7 | Suncor Energy | 78.77 Bn | 76.39 Bn | 6.68 Bn | 31.85% |
| 8 | Imperial Oil | 61.22 Bn | 60.47 Bn | - | 11.22% |
| 9 | TotalEnergies SE | 25.61 Bn | -6.11 Bn | 18.79 Bn | 60.77% |
| 10 | Ypf Sociedad Anonima | 20.09 Bn | 18.40 Bn | 1.76 Bn | 10.07% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -19.99% |
| Dec 31, 2025 | -7.36% |
| Sep 30, 2025 | -25.12% |
| Jun 30, 2025 | -30.06% |
| Mar 31, 2025 | -13.81% |
| Dec 31, 2024 | -28.95% |
| Sep 30, 2024 | -74.97% |
| Jun 30, 2024 | -55.89% |
| Mar 31, 2024 | -70.77% |
| Dec 31, 2023 | -50.86% |
| Sep 30, 2023 | -70.73% |
| Jun 30, 2023 | -88.51% |
| Mar 31, 2023 | -91.23% |
| Dec 31, 2022 | -100.38% |
| Sep 30, 2022 | -48.89% |
| Jun 30, 2022 | -33.22% |
| Mar 31, 2022 | -14.58% |
| Dec 31, 2021 | 1.75% |
| Sep 30, 2021 | 46.08% |
| Jun 30, 2021 | 33.98% |