Chevron (CVX) Tax Provisions (2009 - 2026)

Chevron's (CVX) quarterly Tax Provisions came in at $1.7 billion in Q1 2026, down 17.91% YoY from $2.1 billion in Q1 2025, and down 3.3% on a QoQ basis from $1.8 billion in Q4 2025.

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

Chevron (CVX) has 18 years of Tax Provisions data on file, last reported at $1.7 billion in Q1 2026.

  • Quarterly Tax Provisions fell 17.91% year-over-year to $1.7 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $6.9 billion (down 27.24% YoY) and the FY2025 annual result came in at $7.3 billion, down 25.61% from the prior year.
  • Tax Provisions declined to $1.7 billion in Q1 2026, from $1.8 billion in the prior quarter.
  • In the past five years, Tax Provisions ranged from a high of $4.3 billion in Q2 2022 to a low of $1.3 billion in Q4 2023.
  • A 5-year average of $2.4 billion and a median of $2.2 billion in 2023 frame the typical range for Tax Provisions.
  • Annual changes were most pronounced in 2022 — Tax Provisions jumped 256.48% — and 2023, when it plunged 63.27%.
  • Tracing CVX's Tax Provisions over 5 years: stood at $3.5 billion in 2022, then slumped by 63.27% to $1.3 billion in 2023, then soared by 119.95% to $2.8 billion in 2024, then sank by 37.21% to $1.8 billion in 2025, then decreased by 3.3% to $1.7 billion in 2026.
  • The last three Tax Provisions figures came in at $1.7 billion (Q1 2026), $1.8 billion (Q4 2025), and $1.8 billion (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 Petrobras - Petroleo Brasileiro 1,308.33 Bn -5,263.99 Bn 11.34 Bn -3.11 Bn
2 ExxonMobil Holdings 651.52 Bn 649.70 Bn - 2.50 Bn
3 Chevron 382.50 Bn 382.83 Bn 20.34 Bn 1.70 Bn
4 Eni Spa 205.81 Bn 195.97 Bn - -942.45 Mn
5 Shell 102.19 Bn 62.32 Bn 30.13 Bn 4.95 Bn
6 Equinor Asa 98.30 Bn 89.04 Bn - -8.19 Bn
7 Suncor Energy 78.77 Bn 76.39 Bn 6.68 Bn -566.59 Mn
8 Imperial Oil 61.22 Bn 60.47 Bn - 212.93 Mn
9 TotalEnergies SE 25.61 Bn -6.11 Bn 18.79 Bn 3.15 Bn
10 Ypf Sociedad Anonima 20.09 Bn 18.40 Bn 1.76 Bn -243.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.70 Bn
Dec 31, 2025 1.76 Bn
Sep 30, 2025 1.80 Bn
Jun 30, 2025 1.63 Bn
Mar 31, 2025 2.07 Bn
Dec 31, 2024 2.80 Bn
Sep 30, 2024 2.00 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 2.90 Bn
Dec 31, 2022 3.47 Bn
Sep 30, 2022 3.60 Bn
Jun 30, 2022 4.30 Bn
Mar 31, 2022 2.78 Bn
Dec 31, 2021 1.90 Bn
Sep 30, 2021 1.94 Bn
Jun 30, 2021 1.30 Bn