Chevron (CVX) Tax Provisions (2009 - 2026)
Chevron (CVX) reported Tax Provisions of $1.7 billion for Q1 2026, down 17.91% on a YoY basis from $2.1 billion in Q1 2025, and down 3.08% quarter-over-quarter from $1.8 billion in Q4 2025.
Chevron (CVX) Tax Provisions (2009 - 2026) Analysis & Trends
Chevron has reported Tax Provisions for 18 years, with the latest figure at $1.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions fell 17.91% year-over-year to $1.7 billion; the trailing twelve-month figure through Mar 2026 stood at $6.9 billion (down 26.91% YoY), and the FY2025 full-year result was $7.3 billion, down 25.61% from the prior year.
- Tax Provisions for Q1 2026 stood at $1.7 billion, down from $1.8 billion in the prior quarter.
- The five-year high for Tax Provisions was $4.3 billion in Q2 2022, with the low at $1.3 billion in Q4 2023.
- Historically, Tax Provisions has averaged $2.4 billion across 5 years, with a median of $2.2 billion in 2023.
- Annual changes were most pronounced in 2022 — Tax Provisions jumped 256.48% — and 2023, when it tumbled 62.89%.
- Chevron's Tax Provisions stood at $3.4 billion in 2022, then plunged by 62.89% to $1.3 billion in 2023, then surged by 116.58% to $2.8 billion in 2024, then plunged by 36.38% to $1.8 billion in 2025, then decreased by 3.08% 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 | 1,901.04 Bn | 1,894.28 Bn | 11.34 Bn | - |
| 2 | Exxon Mobil | 629.96 Bn | 628.14 Bn | - | 2.50 Bn |
| 3 | TotalEnergies SE | 621.59 Bn | 621.59 Bn | 26,816.00 | -4,647.00 |
| 4 | Shell | 546.31 Bn | 505.07 Bn | - | - |
| 5 | Chevron | 370.90 Bn | 376.56 Bn | 20.34 Bn | 1.70 Bn |
| 6 | Cenovus Energy | 354.37 Bn | 352.41 Bn | 6.46 Bn | 374.81 Mn |
| 7 | Eni Spa | 252.26 Bn | 242.70 Bn | - | - |
| 8 | Bp | 196.12 Bn | 159.56 Bn | - | 3.15 Bn |
| 9 | Suncor Energy | 57.67 Bn | 55.06 Bn | 7.44 Bn | - |
| 10 | Imperial Oil | 42.92 Bn | 42.17 Bn | - | 212.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |