financial statements

The full income statement, balance sheet, and cash-flow statement for Chevron Corporation (CVX), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	184B YoY-4.6%	193B YoY-1.8%	197B YoY-16.5%	236B YoY+51.5%	156B YoY+64.7%
Cost of revenue	108B YoY-9.2%	119B YoY+0.0%	119B YoY-18.0%	145B YoY+57.6%	92.2B YoY+76.9%
Research & development	427M YoY+21.0%	353M YoY+10.3%	320M YoY+19.4%	268M YoY+0.0%	268M YoY-38.4%
Selling, general & administrative	5.13B YoY+6.0%	4.83B YoY+16.7%	4.14B YoY-4.0%	4.31B YoY+7.4%	4.01B YoY-4.7%
Equity-method income	3.00B YoY-34.7%	4.60B YoY-10.4%	5.13B YoY-40.2%	8.59B YoY+51.8%	5.66B YoY+1298.5%
Pre-tax income	19.7B YoY-28.2%	27.5B YoY-7.0%	29.6B YoY-40.4%	49.7B YoY+129.6%	21.6B YoY+390.3%
Income tax	7.26B YoY-25.6%	9.76B YoY+19.4%	8.17B YoY-41.9%	14.1B YoY+136.4%	5.95B YoY+414.5%
	12.3B YoY-30.5%	17.7B YoY-17.3%	21.4B YoY-39.7%	35.5B YoY+127.6%	15.6B YoY+381.4%
Net income to non-controlling interest	186M YoY+111.4%	88.0M YoY+109.5%	42.0M YoY-70.6%	143M YoY+123.4%	64.0M YoY+455.6%
	$6.63 YoY-31.8%	$9.72 YoY-14.4%	$11.36 YoY-37.9%	$18.28 YoY+124.6%	$8.14 YoY+375.0%
EPS (basic)	$6.65 YoY-31.9%	$9.76 YoY-14.5%	$11.41 YoY-37.9%	$18.36 YoY+125.3%	$8.15 YoY+375.3%
Weighted-avg shares (basic)	1.85B YoY+2.2%	1.81B YoY-3.4%	1.87B YoY-3.0%	1.93B YoY+0.8%	1.92B YoY+2.5%
Weighted-avg shares (diluted)	1.86B YoY+2.1%	1.82B YoY-3.4%	1.88B YoY-3.1%	1.94B YoY+1.0%	1.92B YoY+2.7%
Dividends per share	$6.84 YoY+4.9%	$6.52 YoY+7.9%	$6.04 YoY+6.3%	$5.68	—
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	38.6B YoY-5.8%	40.9B YoY-0.5%	41.1B YoY-18.3%	50.3B YoY+49.2%	33.7B YoY+29.4%
Cash & equivalents	7.29B YoY-11.8%	8.26B YoY+1.0%	8.18B YoY-53.7%	17.7B YoY+213.4%	5.64B YoY+0.8%
Short-term investments	0.00	0.00 YoY-100.0%	45.0M YoY-79.8%	223M YoY+537.1%	35.0M YoY+12.9%
Accounts receivable	16.0B YoY-12.8%	18.3B YoY+4.0%	17.6B YoY-3.1%	18.2B YoY+11.0%	16.4B YoY+72.6%
Inventory	9.71B YoY+7.0%	9.07B YoY+5.4%	8.61B YoY+4.4%	8.25B YoY+21.4%	6.79B YoY+19.7%
Prepaid expenses	4.47B YoY+2.3%	4.37B YoY-0.1%	4.37B YoY+16.9%	3.74B YoY+31.2%	2.85B YoY-13.8%
	324B YoY+26.1%	257B YoY-1.8%	262B YoY+1.5%	258B YoY+7.6%	240B YoY-0.1%
Property, plant & equipment	154B YoY+0.0%	154B YoY+0.0%	154B YoY+7.2%	144B YoY-2.3%	147B YoY-6.2%
Operating lease right-of-use	6.05B YoY+13.9%	5.32B YoY-2.0%	5.42B YoY+27.2%	4.26B YoY+16.2%	3.67B YoY-7.1%
Goodwill	4.57B YoY-0.2%	4.58B YoY-3.0%	4.72B YoY+0.0%	4.72B YoY+7.7%	4.38B YoY-0.4%
Deferred tax assets	2.86B YoY-18.6%	3.52B YoY-15.7%	4.17B YoY-7.5%	4.50B YoY-20.4%	5.66B YoY+7.1%
Other non-current assets	16.2B YoY+9.3%	14.9B YoY+8.2%	13.7B YoY+11.6%	12.3B YoY-0.6%	12.4B YoY+3.6%
	33.4B YoY-13.4%	38.6B YoY+19.5%	32.3B YoY-5.7%	34.2B YoY+27.7%	26.8B YoY+20.8%
Accounts payable	19.3B YoY-12.7%	22.1B YoY+8.1%	20.4B YoY+7.7%	19.0B YoY+15.2%	16.5B YoY+50.3%
Accrued liabilities	10.8B YoY+26.8%	8.49B YoY+10.9%	7.66B YoY+2.3%	7.49B YoY+7.4%	6.97B YoY-10.8%
Short-term & current debt	2.35B YoY-41.6%	4.01B YoY+143.2%	1.65B YoY-38.8%	2.69B YoY-45.5%	4.95B YoY+90.2%
Current lease liability	1.83B YoY+20.5%	1.52B YoY-1.2%	1.54B YoY+38.4%	1.11B YoY+11.7%	995M YoY-22.9%
	132B YoY+27.0%	104B YoY+4.1%	99.7B YoY+2.3%	97.5B YoY-2.1%	99.6B YoY-7.0%
Long-term debt	25.7B YoY+0.0%	25.7B YoY+0.0%	25.7B YoY+0.0%	25.7B YoY+0.0%	25.7B YoY+0.0%
Non-current lease liability	4.15B YoY+17.0%	3.55B YoY-3.9%	3.70B YoY+26.6%	2.92B YoY+16.4%	2.51B YoY-4.1%
Deferred tax liabilities	30.0B YoY+56.8%	19.1B YoY+1.6%	18.8B YoY+9.9%	17.1B YoY+16.8%	14.7B YoY+16.7%
	186B YoY+22.4%	152B YoY-5.4%	161B YoY+1.1%	159B YoY+14.5%	139B YoY+5.6%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	1.83B YoY+0.0%	1.83B YoY+0.0%	1.83B YoY+0.0%	1.83B YoY+0.0%	1.83B YoY+0.0%
Additional paid-in capital	33.9B YoY+56.4%	21.7B YoY+1.4%	21.4B YoY+14.5%	18.7B YoY+8.0%	17.3B YoY+2.7%
Retained earnings	205B YoY-0.2%	206B YoY+2.9%	200B YoY+5.3%	190B YoY+14.8%	166B YoY+3.2%
Treasury stock	51.9B YoY-29.9%	74.0B YoY+25.3%	59.1B YoY+22.6%	48.2B YoY+16.2%	41.5B YoY-0.1%
Accumulated other comprehensive income	-2.46B YoY+10.7%	-2.76B YoY+6.8%	-2.96B YoY-5.8%	-2.80B YoY+28.1%	-3.89B YoY+30.7%
Non-controlling interest	5.73B YoY+582.5%	839M YoY-13.7%	972M YoY+1.3%	960M YoY+10.0%	873M YoY-15.9%
Total equity incl. non-controlling	192B YoY+25.5%	153B YoY-5.4%	162B YoY+1.1%	160B YoY+14.5%	140B YoY+5.4%
Total liabilities & equity	324B YoY+26.1%	257B YoY-1.8%	262B YoY+1.5%	258B YoY+7.6%	240B YoY-0.1%
Common shares issued	2.44B YoY+0.0%	2.44B YoY+0.0%	2.44B YoY+0.0%	2.44B YoY+0.0%	2.44B YoY+0.0%
Shares outstanding (cover)	2.01B YoY+12.0%	1.80B YoY-4.8%	1.89B YoY-2.4%	1.93B YoY+0.3%	1.93B YoY+3.2%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	33.9B YoY+7.8%	31.5B YoY-11.6%	35.6B YoY-28.2%	49.6B YoY+69.9%	29.2B YoY+175.9%
Depreciation & amortization	20.1B YoY+16.5%	17.3B YoY-0.3%	17.3B YoY+6.2%	16.3B YoY-9.0%	17.9B YoY-8.1%
Change in inventory	-51.0M YoY-108.9%	574M YoY+79.4%	320M YoY-65.6%	930M YoY+75.5%	530M YoY+286.6%
	-15.9B YoY-78.1%	-8.94B YoY+41.3%	-15.2B YoY-25.8%	-12.1B YoY-106.4%	-5.87B YoY+15.8%
Capital expenditure	17.3B YoY+5.5%	16.4B YoY+3.9%	15.8B YoY+32.2%	12.0B YoY+48.6%	8.06B YoY-9.7%
Acquisitions	-1.06B	0.00 YoY+100.0%	-55.0M YoY-101.9%	2.86B	0.00
	-19.1B YoY+18.8%	-23.5B YoY+22.0%	-30.1B YoY-20.5%	-25.0B YoY-8.1%	-23.1B YoY-518.7%
Long-term debt issued	11.4B YoY+2285.4%	478M YoY+218.7%	150M	0.00	0.00 YoY-100.0%
Net short-term debt	-1.06B YoY-121.8%	4.87B YoY+3505.9%	135M YoY-48.7%	263M YoY+104.7%	-5.57B YoY-955.9%
Common stock repurchased	12.1B YoY-20.7%	15.2B YoY+1.9%	14.9B YoY+32.7%	11.3B YoY+713.8%	1.38B YoY-21.3%
Dividends paid	12.8B YoY+8.1%	11.8B YoY+4.1%	11.3B YoY+3.4%	11.0B YoY+7.8%	10.2B YoY+5.5%
FX effect on cash	58.0M YoY+159.8%	-97.0M YoY+14.9%	-114M YoY+40.0%	-190M YoY-25.8%	-151M YoY-202.0%
Net change in cash	-977M YoY+3.6%	-1.01B YoY+89.7%	-9.85B YoY-179.9%	12.3B YoY+21151.7%	58.0M YoY+133.3%
Interest paid	942M YoY+60.5%	587M YoY+26.2%	465M YoY-11.4%	525M YoY-24.9%	699M YoY-2.9%
Income taxes paid	7.30B YoY-13.6%	8.46B YoY-18.8%	10.4B YoY+13.9%	9.15B YoY+110.1%	4.36B YoY+45.8%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	307B YoY+17.9%	260B YoY-7.6%	282B YoY-18.9%	347B YoY+53.4%	226B YoY+43.4%
P/E	24.9× YoY+69.7%	14.7× YoY+33.2%	11.0× YoY+8.6%	10.2× YoY-29.9%	14.5×
P/S	1.7× YoY+23.6%	1.3× YoY-3.2%	1.4× YoY-9.0%	1.5× YoY+5.1%	1.5× YoY-12.9%
P/B	1.6× YoY-3.7%	1.7× YoY+0.3%	1.7× YoY-22.1%	2.2× YoY+34.5%	1.6× YoY+35.8%
P/FCF	18.5× YoY+6.9%	17.3× YoY+25.2%	13.8× YoY+42.7%	9.7× YoY-9.5%	10.7× YoY-88.8%
Earnings yield	4.0% YoY-41.1%	6.8% YoY-24.9%	9.1% YoY-7.9%	9.8% YoY+42.6%	6.9%
FCF yield	5.4% YoY-6.5%	5.8% YoY-20.1%	7.2% YoY-29.9%	10.3% YoY+10.5%	9.3% YoY+790.1%
Dividend yield	4.5% YoY-0.3%	4.5% YoY+11.2%	4.0% YoY+28.0%	3.2%	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CVX's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CVX filings on SEC EDGAR → Not investment advice.

CVX▼ financial statements

About this data

financial statements