Chevron (CVX) Tax Provisions (2009 - 2026)
Chevron (CVX) recorded Tax Provisions of $4.5 billion in Q2 2026, up 175.7% from $1.63 billion a year earlier and up 164.7% from the prior quarter.
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Analysis
Chevron (CVX) Tax Provisions (2009 - 2026) Analysis & Trends
On a TTM basis, Chevron's Tax Provisions came in at $9.76 billion as of Jun 30, 2026, up 14.9% year-over-year; for FY2025, it was $7.26 billion, down 25.6% from FY2024.
- Across earlier years, Tax Provisions came in at $9.76 billion in FY2024 (+19.4%), $8.17 billion in FY2023 (-41.9%), $14.07 billion in FY2022 (+136.4%) and $5.95 billion in FY2021.
- The Q2 2026 figure is the highest quarterly Tax Provisions since Q4 2012.
- On a year-over-year basis, Tax Provisions rose in two of the last eight quarters, with growth averaging 21.6%.
- Peak year-over-year performance for Tax Provisions in the last five years was growth of 259.4% in Q1 2022, against a decline of 63.6% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.7 billion (Q1 2026), $1.75 billion (Q4 2025) and $1.8 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 775.74 Bn | 732.22 Bn | - | 4.54 Bn |
| 2 | Chevron | 464.86 Bn | 436.98 Bn | 33.45 Bn | 4.50 Bn |
| 3 | Shell | 320.80 Bn | 181.07 Bn | - | - |
| 4 | TotalEnergies SE | 208.71 Bn | 79.79 Bn | 31,614.00 | -5,080.00 |
| 5 | Conocophillips | 185.60 Bn | 158.31 Bn | 12.81 Bn | 2.15 Bn |
| 6 | Equinor Asa | 126.12 Bn | 38.97 Bn | - | -8.80 Bn |
| 7 | Canadian Natural Resources | 116.69 Bn | 113.69 Bn | 8.84 Bn | 775.70 Mn |
| 8 | Phillips 66 | 111.03 Bn | 94.82 Bn | 10.69 Bn | 1.47 Bn |
| 9 | Suncor Energy | 96.11 Bn | 81.85 Bn | - | - |
| 10 | Eni Spa | 92.07 Bn | 31.71 Bn | - | -999.72 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Chevron Tax Provisions 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=tax-provisions&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-provisions", "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=tax-provisions&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();