Chevron (CVX) Return on Equity [ROE] (2009 - 2026)
Chevron's Return on Equity [ROE] was 13.85% in Q3 2026, up 6.33 percentage points from 7.52% a year earlier and up 2.96 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 Q3 2026 figure marks the highest quarterly Return on Equity [ROE] since Q3 2023.
- Compared with a year earlier, Return on Equity [ROE] was higher in two of the last eight quarters, with an average year-over-year change of -1.35 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 Q3 2026 was 10.89% (Q2 2026), 5.91% (Q1 2026) and 6.44% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 696.20 Bn | 661.07 Bn | 47.44 Bn | 15.59% |
| 2 | Shell | 563.81 Bn | 425.16 Bn | - | 8.83% |
| 3 | Chevron | 432.14 Bn | 404.83 Bn | 31.26 Bn | 13.85% |
| 4 | TotalEnergies SE | 200.31 Bn | 75.66 Bn | 31.61 Bn | 14.76% |
| 5 | Eni Spa | 181.16 Bn | 124.34 Bn | - | 14.72% |
| 6 | Conocophillips | 168.32 Bn | 137.35 Bn | 12.63 Bn | 17.60% |
| 7 | Equinor Asa | 107.41 Bn | 20.34 Bn | 4.49 Bn | 26.83% |
| 8 | Canadian Natural Resources | 103.54 Bn | 97.44 Bn | 9.35 Bn | - |
| 9 | Phillips 66 | 103.32 Bn | 88.28 Bn | 10.69 Bn | 37.13% |
| 10 | Suncor Energy | 83.45 Bn | 69.02 Bn | - | 34.18% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 13.85% |
| 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% |
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();