Chevron CVX
NYSE CVX
$209.61 -1.96 (-0.93%)
As of: Sep 18, 2026 · 3:59 PM EDT

Chevron (CVX) Tax Provisions (2009 - 2026)

Chevron's (CVX) quarterly Tax Provisions came in at $4.5 billion in Q2 2026, up 175.74% on a YoY basis from $1.6 billion in Q2 2025, and up 164.71% quarter-over-quarter from $1.7 billion in Q1 2026.

Analysis

Chevron (CVX) Tax Provisions (2009 - 2026) Analysis & Trends

Chevron (CVX) has reported Tax Provisions for 18 consecutive years, with $4.5 billion the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Tax Provisions rose 175.74% year-over-year to $4.5 billion; the trailing twelve-month figure through Jun 2026 stood at $9.8 billion (up 14.91% YoY), and the FY2025 full-year result was $7.3 billion, down 25.61% from the prior year.
  • Tax Provisions rose to $4.5 billion in Q2 2026 per CVX's latest filing, from $1.7 billion in the prior quarter.
  • Across five years, Tax Provisions topped out at $4.5 billion in Q2 2026 and bottomed at $1.2 billion in Q4 2023.
  • Historically, Tax Provisions has averaged $2.5 billion across 5 years, with a median of $2.3 billion in 2023.
  • The sharpest annual moves came in 2022 and 2023: Tax Provisions soared 259.44% in 2022, then plunged 63.64% in 2023.
  • Over 5 years, Tax Provisions stood at $3.4 billion in 2022, then slumped by 63.64% to $1.2 billion in 2023, then soared by 121.09% to $2.8 billion in 2024, then slumped by 36.38% to $1.8 billion in 2025, then surged by 156.56% to $4.5 billion in 2026.
  • According to Business Quant data, Tax Provisions over the past three periods registered $4.5 billion, $1.7 billion, and $1.8 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Chevron 417.01 Bn 408.48 Bn 33.45 Bn 4.50 Bn
2 Shell 282.76 Bn 241.90 Bn 30.13 Bn 4.95 Bn
3 TotalEnergies SE 232.43 Bn 200.71 Bn 23.46 Bn -3.15 Bn
4 Eni Spa 167.27 Bn 151.69 Bn - -1.53 Bn
5 Equinor Asa 114.69 Bn 105.36 Bn - -8.19 Bn
6 Phillips 66 106.05 Bn 101.95 Bn 8.38 Bn 1.09 Bn
7 Suncor Energy 83.98 Bn 78.60 Bn 17.50 Bn 1.32 Bn
8 Imperial Oil 63.06 Bn 61.00 Bn - 484.36 Mn
9 Occidental Petroleum 59.24 Bn 55.09 Bn 7.73 Bn 915.00 Mn
10 Cenovus Energy 58.88 Bn 56.91 Bn 7.32 Bn 71.71 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.50 Bn
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 2.10 Bn
Dec 31, 2024 2.76 Bn
Sep 30, 2024 2.00 Bn
Jun 30, 2024 2.60 Bn
Mar 31, 2024 2.40 Bn
Dec 31, 2023 1.25 Bn
Sep 30, 2023 2.20 Bn
Jun 30, 2023 1.83 Bn
Mar 31, 2023 2.91 Bn
Dec 31, 2022 3.43 Bn
Sep 30, 2022 3.60 Bn
Jun 30, 2022 4.30 Bn
Mar 31, 2022 2.80 Bn
Dec 31, 2021 1.90 Bn
Sep 30, 2021 1.94 Bn