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| Date | Value |
|---|---|
| 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 |