Chevron (CVX) Tax Rate (2009 - 2026)
Chevron's (CVX) quarterly Tax Rate came in at 43.08% in Q1 2026, up 599.0% YoY from 6.16% in Q1 2025, and up 13.78% on a QoQ basis from 37.86% in Q4 2025.
Analysis
Chevron (CVX) Tax Rate (2009 - 2026) Analysis & Trends
Chevron (CVX) has 18 years of Tax Rate data on file, last reported at 43.08% in Q1 2026.
- Quarterly Tax Rate rose 599.0% year-over-year to 43.08% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 38.09% (up 50.0% YoY) and the FY2025 annual result came in at 36.76%, up 129.0% from the prior year.
- Tax Rate improved to 43.08% in Q1 2026, from 37.86% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 45.86% in Q4 2024 to a low of 22.97% in Q2 2023.
- A 5-year average of 33.37% and a median of 33.35% in 2025 frame the typical range for Tax Rate.
- Annual changes were most pronounced in 2024 — Tax Rate surged 1417 bps — and 2025, when it sank 799 bps.
- Tracing CVX's Tax Rate over 5 years: stood at 35.46% in 2022, then rose by 3 bps to 36.48% in 2023, then grew by 26 bps to 45.86% in 2024, then fell by 17 bps to 37.86% in 2025, then climbed by 14 bps to 43.08% in 2026.
- The last three Tax Rate figures came in at 43.08% (Q1 2026), 37.86% (Q4 2025), and 33.35% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Shell | 517.27 Bn | 477.40 Bn | - | 31.41% |
| 2 | Chevron | 398.83 Bn | 395.97 Bn | 33.45 Bn | 26.95% |
| 3 | TotalEnergies SE | 190.54 Bn | 161.37 Bn | 23.46 Bn | 14.08% |
| 4 | Eni Spa | 166.18 Bn | 156.34 Bn | - | -32.93% |
| 5 | Equinor Asa | 103.49 Bn | 94.23 Bn | - | -62.89% |
| 6 | Suncor Energy | 78.09 Bn | 74.21 Bn | -8.45 Bn | 26.47% |
| 7 | Imperial Oil | 63.17 Bn | 61.11 Bn | - | 23.43% |
| 8 | Cenovus Energy | 59.48 Bn | 57.00 Bn | - | 27.19% |
| 9 | Gas Transporter Of The South | 21.19 Bn | -3,019.86 Bn | - | - |
| 10 | Ypf Sociedad Anonima | 19.74 Bn | 17.54 Bn | 2.97 Bn | -32.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.95 |
| Jun 30, 2026 | 26.95 |
| Jun 30, 2026 | 26.95 |
| Mar 31, 2026 | 43.08 |
| Mar 31, 2026 | 43.08 |
| Mar 31, 2026 | 43.08 |
| Dec 31, 2025 | 38.14 |
| Dec 31, 2025 | 38.14 |
| Dec 31, 2025 | 38.14 |
| Sep 30, 2025 | 33.27 |
| Sep 30, 2025 | 33.27 |
| Sep 30, 2025 | 33.27 |
| Jun 30, 2025 | 39.35 |
| Jun 30, 2025 | 39.35 |
| Jun 30, 2025 | 39.35 |
| Mar 31, 2025 | 37.50 |
| Mar 31, 2025 | 37.50 |
| Mar 31, 2025 | 37.50 |
| Dec 31, 2024 | 45.50 |
| Dec 31, 2024 | 45.50 |