Chevron Corp (CVX) stock
CVXNYSEPetroleum RefiningFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 5, 2026Score 14/3011% above fair value
$219.89+3.54 (+1.64%)
Close on Nov 13, 2026Market cap $434.45BP/E 16.1Yield 3.11%
Chevron gross margin
Gross margin is gross profit as a percentage of revenue.
Chevron's gross margin for the twelve months ending Sep 30, 2026 was 45.7%. For fiscal 2025 it was 42.8%, against 41.2% the year before. The highest annual figure on record is 48.2% in fiscal 2016.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 42.8% | +1.5 |
| FY2024 | Dec 31, 2024 | 41.2% | +0.5 |
| FY2023 | Dec 31, 2023 | 40.7% | −0.3 |
| FY2022 | Dec 31, 2022 | 40.9% | −2.3 |
| FY2021 | Dec 31, 2021 | 43.2% | −1.7 |
| FY2020 | Dec 31, 2020 | 44.9% | −0.4 |
| FY2019 | Dec 31, 2019 | 45.3% | +2.2 |
| FY2018 | Dec 31, 2018 | 43.1% | −3.4 |
| FY2017 | Dec 31, 2017 | 46.5% | −1.6 |
| FY2016 | Dec 31, 2016 | 48.2% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 46.1% | +1.2 |
| Q2 FY2026 | Jun 30, 2026 | 47.7% | +7.7 |
| Q1 FY2026 | Mar 31, 2026 | 41.8% | +1.9 |
| Q4 FY2025 | Dec 31, 2025 | 45.9% | +3.6 |
| Q3 FY2025 | Sep 30, 2025 | 44.9% | +5.0 |
| Q2 FY2025 | Jun 30, 2025 | 40.1% | +0.4 |
| Q1 FY2025 | Mar 31, 2025 | 39.9% | −3.1 |
| Q4 FY2024 | Dec 31, 2024 | 42.3% | +2.6 |
| Q3 FY2024 | Sep 30, 2024 | 39.9% | −0.3 |
| Q2 FY2024 | Jun 30, 2024 | 39.7% | −1.0 |
| Q1 FY2024 | Mar 31, 2024 | 43.1% | +1.0 |
| Q4 FY2023 | Dec 31, 2023 | 39.6% | −2.7 |
| Q3 FY2023 | Sep 30, 2023 | 40.2% | −1.6 |
| Q2 FY2023 | Jun 30, 2023 | 40.7% | −0.1 |
| Q1 FY2023 | Mar 31, 2023 | 42.1% | +3.6 |
| Q4 FY2022 | Dec 31, 2022 | 42.3% | +5.1 |
| Q3 FY2022 | Sep 30, 2022 | 41.9% | −4.8 |
| Q2 FY2022 | Jun 30, 2022 | 40.8% | −4.3 |
| Q1 FY2022 | Mar 31, 2022 | 38.6% | −6.6 |
| Q4 FY2021 | Dec 31, 2021 | 37.2% | −3.2 |
| Q3 FY2021 | Sep 30, 2021 | 46.7% | +1.7 |
| Q2 FY2021 | Jun 30, 2021 | 45.1% | +5.5 |
| Q1 FY2021 | Mar 31, 2021 | 45.1% | −5.6 |
| Q4 FY2020 | Dec 31, 2020 | 40.4% | −5.4 |
| Q3 FY2020 | Sep 30, 2020 | 45.0% | +0.1 |
| Q2 FY2020 | Jun 30, 2020 | 39.6% | −6.7 |
| Q1 FY2020 | Mar 31, 2020 | 50.8% | +6.7 |
| Q4 FY2019 | Dec 31, 2019 | 45.8% | +2.3 |
| Q3 FY2019 | Sep 30, 2019 | 44.9% | +1.1 |
| Q2 FY2019 | Jun 30, 2019 | 46.4% | +5.0 |
| Q1 FY2019 | Mar 31, 2019 | 44.0% | +0.3 |
| Q4 FY2018 | Dec 31, 2018 | 43.5% | −0.2 |
| Q3 FY2018 | Sep 30, 2018 | 43.9% | −4.2 |
| Q2 FY2018 | Jun 30, 2018 | 41.4% | −5.4 |
| Q1 FY2018 | Mar 31, 2018 | 43.8% | – |
| Q4 FY2017 | Dec 31, 2017 | 43.8% | – |
| Q3 FY2017 | Sep 30, 2017 | 48.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 46.9% | – |
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