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| 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% |