Chevron (CVX) Tax Rate (2009 - 2026)
Chevron's (CVX) quarterly Tax Rate came in at 26.95% in Q2 2026, down 1241.0% on a YoY basis from 2.36% in Q2 2025, and down 37.45% quarter-over-quarter from 43.08% in Q1 2026.
Powered by 
Analysis
Chevron (CVX) Tax Rate (2009 - 2026) Analysis & Trends
Chevron (CVX) has reported Tax Rate for 18 consecutive years, with 26.95% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Rate fell 1241.0% year-over-year to 26.95%; the trailing twelve-month figure through Jun 2026 stood at 31.82% (down 624.0% YoY), and the FY2025 full-year result was 36.76%, up 129.0% from the prior year.
- Tax Rate slipped to 26.95% in Q2 2026 per CVX's latest filing, from 43.08% in the prior quarter.
- Across five years, Tax Rate topped out at 45.5% in Q4 2024 and bottomed at 23.34% in Q2 2023.
- Historically, Tax Rate has averaged 32.99% across 5 years, with a median of 32.02% in 2022.
- The sharpest annual moves came in 2024 and 2026: Tax Rate surged 1361 bps in 2024, then sank 1241 bps in 2026.
- Over 5 years, Tax Rate stood at 35.09% in 2022, then rose by 2 bps to 35.79% in 2023, then rose by 27 bps to 45.5% in 2024, then dropped by 16 bps to 38.14% in 2025, then declined by 29 bps to 26.95% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 26.95%, 43.08%, and 38.14% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Chevron | 417.01 Bn | 408.48 Bn | 33.45 Bn | 26.95% |
| 2 | Shell | 282.76 Bn | 241.90 Bn | 30.13 Bn | 31.41% |
| 3 | TotalEnergies SE | 232.43 Bn | 200.71 Bn | 23.46 Bn | 13.89% |
| 4 | Eni Spa | 167.27 Bn | 151.69 Bn | - | -32.93% |
| 5 | Equinor Asa | 114.69 Bn | 105.36 Bn | - | -62.89% |
| 6 | Phillips 66 | 106.05 Bn | 101.95 Bn | 8.38 Bn | 21.97% |
| 7 | Suncor Energy | 83.98 Bn | 78.60 Bn | 17.50 Bn | 26.47% |
| 8 | Imperial Oil | 63.06 Bn | 61.00 Bn | - | 23.43% |
| 9 | Occidental Petroleum | 59.24 Bn | 55.09 Bn | 7.73 Bn | 23.37% |
| 10 | Cenovus Energy | 58.88 Bn | 56.91 Bn | 7.32 Bn | 9.67% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 26.95% |
| Mar 31, 2026 | 43.08% |
| Dec 31, 2025 | 38.14% |
| Sep 30, 2025 | 33.27% |
| Jun 30, 2025 | 39.35% |
| Mar 31, 2025 | 37.50% |
| Dec 31, 2024 | 45.50% |
| Sep 30, 2024 | 30.77% |
| Jun 30, 2024 | 36.95% |
| Mar 31, 2024 | 30.30% |
| Dec 31, 2023 | 35.79% |
| Sep 30, 2023 | 25.18% |
| Jun 30, 2023 | 23.34% |
| Mar 31, 2023 | 30.61% |
| Dec 31, 2022 | 35.09% |
| Sep 30, 2022 | 24.31% |
| Jun 30, 2022 | 26.87% |
| Mar 31, 2022 | 30.77% |
| Dec 31, 2021 | 27.42% |
| Sep 30, 2021 | 23.95% |