Chevron (CVX) Tax Rate (2009 - 2026)
Chevron (CVX) recorded Tax Rate of 26.95% in Q2 2026, down 12.41 percentage points from 39.35% a year earlier and down 16.14 percentage points from the prior quarter.
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Analysis
Chevron (CVX) Tax Rate (2009 - 2026) Analysis & Trends
On a TTM basis, Chevron's Tax Rate came in at 31.82% as of Jun 30, 2026, down 6.24 percentage points year-over-year; for FY2025, it was 36.76%, up 1.29 percentage points from FY2024.
- Annual Tax Rate has a four-year change of +9.27 percentage points (FY2021 to FY2025).
- Across earlier years, Tax Rate came in at 35.47% in FY2024 (+7.85 pp), 27.63% in FY2023 (-0.69 pp), 28.32% in FY2022 (+0.82 pp) and 27.50% in FY2021.
- The Q2 2026 figure is the lowest quarterly Tax Rate since Q3 2023.
- On a year-over-year basis, Tax Rate rose in six of the last eight quarters, with an average year-over-year change of +1.65 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 13.61 percentage points in Q2 2024, against a drop of 12.41 percentage points in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at 43.08% (Q1 2026), 38.14% (Q4 2025) and 33.27% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | ExxonMobil Holdings | 686.62 Bn | 644.76 Bn | - | 24.55% |
| 2 | Chevron | 416.14 Bn | 383.18 Bn | 31.26 Bn | 26.42% |
| 3 | Shell | 291.71 Bn | 151.98 Bn | - | - |
| 4 | TotalEnergies SE | 192.78 Bn | 63.86 Bn | 31,614.00 | - |
| 5 | Eni Spa | 167.56 Bn | 107.19 Bn | - | - |
| 6 | Conocophillips | 165.53 Bn | 138.24 Bn | 12.81 Bn | 35.37% |
| 7 | Equinor Asa | 108.87 Bn | 21.72 Bn | 4.49 Bn | - |
| 8 | Canadian Natural Resources | 101.39 Bn | 95.29 Bn | 9.35 Bn | 26.09% |
| 9 | Phillips 66 | 97.45 Bn | 81.24 Bn | 10.69 Bn | 20.67% |
| 10 | Suncor Energy | 83.77 Bn | 64.46 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 26.42% |
| 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% |
API Access
Chevron Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=CVX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "CVX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=CVX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();