CVX 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.

Shares outstanding (point-in-time)

2024-06 1.83B2024-09 1.80B2024-12 1.76B2025-03 1.75B2025-06 1.73B2025-09 2.01B2025-12 2.00B2026-03 1.99B2026-06 1.98B+8.0% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-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-9.1%	203B YoY+0.9%	201B YoY-18.4%	246B YoY+51.6%	162B YoY+72.0%
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%
Interest expense	1.22B YoY+104.9%	594M YoY+26.7%	469M YoY-9.1%	516M YoY-27.5%	712M YoY+2.2%
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-30.4%	17.7B YoY-17.4%	21.4B YoY-39.7%	35.5B YoY+127.0%	15.6B YoY+381.9%
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%
	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%
	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 YoY+7.0%	$5.31 YoY+2.9%
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	—	—	—	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%
Finance lease liability (current)	786M YoY+1255.2%	58.0M YoY-3.3%	60.0M YoY+33.3%	45.0M YoY-6.3%	48.0M YoY-74.2%
	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	39.8B YoY+97.6%	20.1B YoY-0.8%	20.3B YoY-5.0%	21.4B YoY-16.8%	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%
Operating lease liability (total)	5.99B YoY+18.0%	5.07B YoY-3.1%	5.23B YoY+29.8%	4.03B YoY+15.1%	3.50B YoY-10.3%
Finance lease liability (total)	1.45B YoY+139.2%	604M YoY-4.7%	634M YoY+41.5%	448M YoY-9.9%	497M YoY-21.5%
Finance lease liability	659M YoY+20.7%	546M YoY-4.9%	574M YoY+42.4%	403M YoY-10.2%	449M YoY+0.4%
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%
	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%
	2.00B YoY+13.3%	1.76B YoY-5.2%	1.86B YoY-2.6%	1.91B YoY-2.1%	1.95B YoY+1.1%
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%
Free cash flow	16.6B YoY+10.3%	15.0B YoY-23.9%	19.8B YoY-47.4%	37.6B YoY+78.1%	21.1B YoY+1176.8%
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%
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
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 issued	0.00	0.00	0.00	0.00	0.00
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	304B YoY+19.3%	255B YoY-9.4%	282B YoY-18.9%	347B YoY+51.9%	229B YoY+40.5%
P/E	24.7× YoY+71.3%	14.4× YoY+30.6%	11.1× YoY+8.9%	10.2× YoY-30.6%	14.6×
P/S	1.6× YoY+31.1%	1.3× YoY-6.1%	1.3× YoY-8.2%	1.5× YoY+3.7%	1.4× YoY-18.3%
P/B	1.6× YoY-2.6%	1.7× YoY-1.7%	1.7× YoY-22.1%	2.2× YoY+33.1%	1.6× YoY+33.0%
P/FCF	18.3× YoY+8.1%	17.0× YoY+22.6%	13.8× YoY+42.7%	9.7× YoY-10.4%	10.8× YoY-89.0%
	4.0% YoY-41.6%	6.9% YoY-23.4%	9.0% YoY-8.1%	9.8% YoY+44.0%	6.8%
	5.5% YoY-7.5%	5.9% YoY-18.5%	7.2% YoY-29.9%	10.3% YoY+11.6%	9.2% YoY+808.8%
	4.5% YoY-0.3%	4.5% YoY+11.2%	4.0% YoY+28.0%	3.2% YoY-30.1%	4.5% YoY-25.9%
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.