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

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

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

Chevron has reported Return on Capital Employed for 18 years, with the latest figure at 18.04% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 4471.0% year-over-year to 18.04%; the trailing twelve-month figure through Mar 2026 stood at 18.04% (up 4471.0% YoY), and the FY2025 full-year result was 20.54%, up 6209.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 18.04%, up from 4.84% in the prior quarter.
  • The five-year high for Return on Capital Employed was 81.35% in Q4 2022, with the low at 26.67% in Q1 2025.
  • Historically, Return on Capital Employed has averaged 11.62% across 5 years, with a median of 4.84% in 2025.
  • Annual changes were most pronounced in 2022 — Return on Capital Employed soared 7126 bps — and 2023, when it sank 10322 bps.
  • Chevron's Return on Capital Employed stood at 81.35% in 2022, then plunged by 127 bps to 21.88% in 2023, then dropped 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.
  • The last three Return on Capital Employed figures came in at 18.04% (Q1 2026), 4.84% (Q4 2025), and 9.52% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Petrobras - Petroleo Brasileiro 1,901.04 Bn 1,894.28 Bn 11.34 Bn -
2 Exxon Mobil 629.96 Bn 628.14 Bn - 10.30%
3 TotalEnergies SE 621.59 Bn 621.59 Bn 26,816.00 222.35%
4 Shell 546.31 Bn 505.07 Bn - -
5 Chevron 370.90 Bn 376.56 Bn 20.34 Bn 18.04%
6 Cenovus Energy 354.37 Bn 352.41 Bn 6.46 Bn 12.10%
7 Eni Spa 252.26 Bn 242.70 Bn - 3.93%
8 Bp 196.12 Bn 159.56 Bn - -
9 Suncor Energy 57.67 Bn 55.06 Bn 7.44 Bn 40.53%
10 Imperial Oil 42.92 Bn 42.17 Bn - 11.13%

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%