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
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