Chevron (CVX) Return on Equity [ROE] (2009 - 2026)
Chevron's Return on Equity [ROE] was 10.89% in Q2 2026, up 1.62 percentage points from 9.27% a year earlier and up 4.99 percentage points from the prior quarter.
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Analysis
Chevron (CVX) Return on Equity [ROE] (2009 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Chevron came in at 7.23%, down 4.04 percentage points from FY2024.
- Return on Equity [ROE] has now declined for three consecutive years, though with a five-year change of +11.23 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 11.27% in FY2024 (-2.03 pp), 13.29% in FY2023 (-10.43 pp), 23.72% in FY2022 (+12.22 pp) and 11.51% in FY2021 (+15.51 pp).
- The Q2 2026 figure marks the highest quarterly Return on Equity [ROE] since Q4 2024.
- Compared with a year earlier, Return on Equity [ROE] was higher in 1 of the last eight quarters, with an average year-over-year change of -2.78 percentage points.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q1 2022 (a gain of 20.16 percentage points); the worst was Q1 2024 (a drop of 9.83 percentage points).
- Per Business Quant data, CVX's Return on Equity [ROE] in the three quarters before Q2 2026 was 5.91% (Q1 2026), 6.44% (Q4 2025) and 7.52% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 540.77 Bn | 451.32 Bn | 30.13 Bn | 14.68% |
| 2 | Chevron | 403.83 Bn | 381.62 Bn | 33.45 Bn | 10.89% |
| 3 | TotalEnergies SE | 188.75 Bn | 71.88 Bn | - | 14,127,795.78% |
| 4 | Eni Spa | 170.81 Bn | 120.33 Bn | - | 82.76% |
| 5 | Conocophillips | 150.42 Bn | 123.13 Bn | 12.81 Bn | 14.29% |
| 6 | Equinor Asa | 104.06 Bn | 50.12 Bn | - | 20.86% |
| 7 | Phillips 66 | 101.90 Bn | 90.89 Bn | 8.38 Bn | 23.06% |
| 8 | Canadian Natural Resources | 97.96 Bn | 94.91 Bn | - | 103.28% |
| 9 | Suncor Energy | 80.99 Bn | 66.79 Bn | - | 23.72% |
| 10 | Eog Resources | 72.25 Bn | 56.57 Bn | - | 21.91% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 10.89% |
| Mar 31, 2026 | 5.91% |
| Dec 31, 2025 | 6.44% |
| Sep 30, 2025 | 7.52% |
| Jun 30, 2025 | 9.27% |
| Mar 31, 2025 | 10.36% |
| Dec 31, 2024 | 11.44% |
| Sep 30, 2024 | 10.55% |
| Jun 30, 2024 | 11.67% |
| Mar 31, 2024 | 12.58% |
| Dec 31, 2023 | 13.05% |
| Sep 30, 2023 | 15.69% |
| Jun 30, 2023 | 18.91% |
| Mar 31, 2023 | 22.41% |
| Dec 31, 2022 | 22.26% |
| Sep 30, 2022 | 21.84% |
| Jun 30, 2022 | 19.35% |
| Mar 31, 2022 | 14.33% |
| Dec 31, 2021 | 11.34% |
| Sep 30, 2021 | 7.35% |
API Access
Chevron Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();