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
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 |