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
DateValue
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