Chevron (CVX) Tax Provisions (2009 - 2026)
Chevron (CVX) posted Tax Provisions of $1.7 billion for Q1 2026, down 3.08% quarter-over-quarter from $1.8 billion in Q4 2025, and down 17.91% year-on-year from $2.1 billion in Q1 2025.
Chevron (CVX) Tax Provisions (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Tax Provisions for 18 consecutive years, with $1.7 billion the latest figure, recorded in Q1 2026.
- Tax Provisions for Q1 2026 came in at $1.7 billion, down 17.91% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 26.91% YoY), and the FY2025 annual result was $7.3 billion, down 25.61% from the prior year.
- Tax Provisions was $1.7 billion for Q1 2026 at Chevron, down from $1.8 billion in the prior quarter.
- Over five years, Tax Provisions peaked at $4.3 billion in Q2 2022 and troughed at $1.3 billion in Q4 2023.
- Average Tax Provisions over 5 years is $2.4 billion, with a median of $2.2 billion recorded in 2023.
- Year-over-year, Tax Provisions soared 256.48% in 2022 and sank 62.89% in 2023.
- Over 5 years, Tax Provisions stood at $3.4 billion in 2022, then tumbled by 62.89% to $1.3 billion in 2023, then surged by 116.58% to $2.8 billion in 2024, then tumbled by 36.38% to $1.8 billion in 2025, then declined by 3.08% to $1.7 billion in 2026.
- Per Business Quant data, the three most recent Tax Provisions figures were $1.7 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.8 billion in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | 2.50 Bn |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 3.11 Bn |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 3.15 Bn |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -3,788.00 |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 1.70 Bn |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | -6.64 Bn |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 82.74 Mn |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | -152.76 Mn |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | 6,000.00 |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.70 Bn |
| Dec 31, 2025 | 1.75 Bn |
| Sep 30, 2025 | 1.80 Bn |
| Jun 30, 2025 | 1.63 Bn |
| Mar 31, 2025 | 2.07 Bn |
| Dec 31, 2024 | 2.76 Bn |
| Sep 30, 2024 | 1.99 Bn |
| Jun 30, 2024 | 2.60 Bn |
| Mar 31, 2024 | 2.37 Bn |
| Dec 31, 2023 | 1.27 Bn |
| Sep 30, 2023 | 2.20 Bn |
| Jun 30, 2023 | 1.80 Bn |
| Mar 31, 2023 | 2.91 Bn |
| Dec 31, 2022 | 3.43 Bn |
| Sep 30, 2022 | 3.60 Bn |
| Jun 30, 2022 | 4.29 Bn |
| Mar 31, 2022 | 2.78 Bn |
| Dec 31, 2021 | 1.95 Bn |
| Sep 30, 2021 | 1.90 Bn |
| Jun 30, 2021 | 1.30 Bn |