Chevron (CVX) Stock Buyback History
TTM buyback yield 2.57% · Shareholder yield (TTM) 2.57%.
CVX
TTM buyback yield
2.57%
Shareholder yield (TTM)
2.57%
5Y share count change
-0.8%
TTM buyback spend
$10.51B
SBC coverage (TTM)
52550.00x
YoY change in spend
-23.0%
5Y CAGR of spend
+46.5%
Peak year (2024)
$15.40B
Cumulative spend
$104.91B
TTM metrics calculated from the four most recent reported quarters, ending (reported ).
Key takeaways
- Chevron (CVX) repurchased about $10.51B of stock over the trailing twelve months.
- Diluted share count is roughly flat (-0.8%) over the last ~5 fiscal years — buybacks are offsetting dilution but not shrinking the float.
- TTM buyback ÷ stock-based-comp ratio of 52550.00× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +46.5% per year over the latest 5-year window.
- TTM repurchases used about 13474% of free cash flow remaining after dividends.
Buyback context per fiscal year
Annual repurchases alongside stock-based compensation, diluted share count and the year-over-year change — useful for SBC-coverage and dilution-offset reading at a glance.
| Year | Buybacks | SBC | Net | Shares (dil.) | YoY shares | Buyback yield |
|---|---|---|---|---|---|---|
| 2025 | $11.86B | $0.00 | $11.86B | 1.86B | 2.2% | 3.91% |
| 2024 | $15.40B | $0.00 | $15.40B | 1.82B | -3.4% | 6.01% |
| 2023 | $14.94B | $0.00 | $14.94B | 1.88B | -3.1% | 5.38% |
| 2022 | $11.26B | $1.07B | $10.18B | 1.94B | 1.0% | 3.28% |
| 2021 | $1.38B | $0.00 | $1.38B | 1.92B | 2.7% | 0.62% |
| 2020 | $1.76B | $190.00M | $1.57B | 1.87B | -1.3% | 1.09% |
| 2019 | $4.04B | $394.00M | $3.65B | 1.90B | -1.0% | 1.79% |
| 2018 | $1.75B | $0.00 | $1.75B | 1.91B | 0.9% | 0.85% |
| 2017 | $1.15B | $368.00M | $783.00M | 1.90B | 1.3% | 0.49% |
| 2016 | $0.00 | $642.00M | −$642.00M | 1.87B | -0.1% | — |
| 2015 | $0.00 | $344.00M | −$344.00M | 1.87B | -1.2% | — |
| 2014 | $4.41B | $358.00M | $4.05B | 1.90B | -1.8% | 2.10% |
| 2013 | $4.49B | $515.00M | $3.98B | 1.93B | -1.6% | 1.89% |
| 2012 | $4.14B | $460.00M | $3.68B | 1.96B | -1.8% | 1.98% |
| 2011 | $3.19B | $0.00 | $3.19B | 2.00B | -0.4% | 1.52% |
| 2010 | $306.00M | $0.00 | $306.00M | 2.01B | 0.4% | 0.17% |
| 2009 | $0.00 | $0.00 | $0.00 | 2.00B | -2.4% | — |
| 2008 | $6.82B | $0.00 | $6.82B | 2.05B | -3.8% | 4.63% |
| 2007 | $6.39B | $0.00 | $6.39B | 2.13B | -3.0% | 3.31% |
| 2006 | $4.49B | $0.00 | $4.49B | 2.20B | 1.9% | 2.85% |
| 2005 | $2.74B | $0.00 | $2.74B | 2.16B | 1.6% | 2.18% |
| 2004 | $1.66B | $0.00 | $1.66B | 2.12B | 2.2% | 1.51% |
| 2003 | $75.00M | $0.00 | $75.00M | 2.08B | -2.7% | 0.08% |
| 2002 | $0.00 | $0.00 | $0.00 | 2.14B | 0.5% | — |
| 2001 | $763.00M | $0.00 | $763.00M | 2.12B | 62.4% | 0.80% |
| 2000 | $1.50B | $0.00 | $1.50B | 1.31B | -0.9% | — |
| 1999 | $0.00 | $0.00 | $0.00 | 1.32B | 0.5% | — |
| 1998 | $0.00 | $0.00 | $0.00 | 1.31B | -0.2% | — |
| 1997 | $0.00 | $0.00 | $0.00 | 1.32B | 0.8% | — |
| 1996 | $4.00M | $0.00 | $4.00M | 1.31B | — | — |
| 1995 | $4.00M | $0.00 | $4.00M | — | — | — |
| 1994 | $5.00M | $0.00 | $5.00M | — | — | — |
| 1993 | $4.00M | $0.00 | $4.00M | — | — | — |
| 1992 | $382.00M | $0.00 | $382.00M | — | — | — |
Cash buyback spend (USD) — annual & quarterly history
Trailing-twelve-month and per-period cash repurchases for Chevron (CVX) from the consolidated cash flow statement (line: common stock repurchased), in USD as filed.
Cash buyback spend over time for Chevron (CVX)
Per-period cash repurchases
Cash buyback spend annual + quarterly history for Chevron (CVX)
| Fiscal year | Period ended | Reported | Buyback Spend | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $11.86B | -23.0% | -$3.54B | ||
| 2024 | $15.40B | +3.1% | +$461.00M | ||
| 2023 | $14.94B | +32.7% | +$3.68B | ||
| 2022 | $11.26B | +713.8% | +$9.87B | ||
| 2021 | $1.38B | -21.3% | -$374.00M | ||
| 2020 | $1.76B | -56.5% | -$2.28B | ||
| 2019 | $4.04B | +130.7% | +$2.29B | ||
| 2018 | $1.75B | +52.1% | +$600.00M | ||
| 2017 | $1.15B | — | +$1.15B | ||
| 2016 | $0 | — | $0 | ||
| 2015 | $0 | -100.0% | -$4.41B | ||
| 2014 | $4.41B | -1.8% | -$82.00M | ||
| 2013 | $4.49B | +8.5% | +$352.00M | ||
| 2012 | $4.14B | +29.7% | +$949.00M | ||
| 2011 | $3.19B | +943.5% | +$2.89B | ||
| 2010 | $306.00M | — | +$306.00M | ||
| 2009 | $0 | -100.0% | -$6.82B | ||
| 2008 | $6.82B | +6.8% | +$432.00M | ||
| 2007 | $6.39B | +42.3% | +$1.90B | ||
| 2006 | $4.49B | +64.1% | +$1.75B | ||
| 2005 | $2.74B | +64.6% | +$1.07B | ||
| 2004 | $1.66B | +2117.3% | +$1.59B | ||
| 2003 | $75.00M | — | +$75.00M | ||
| 2002 | $0 | -100.0% | -$763.00M | ||
| 2001 | $763.00M | -49.1% | -$735.00M | ||
| 2000 | $1.50B | — | +$1.50B | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | -100.0% | -$4.00M | ||
| 1996 | $4.00M | 0.0% | $0 | ||
| 1995 | $4.00M | -20.0% | -$1.00M | ||
| 1994 | $5.00M | +25.0% | +$1.00M | ||
| 1993 | $4.00M | -99.0% | -$378.00M | ||
| 1992 | $382.00M | — | — |
The 2025 reading of Chevron (CVX) buyback spend is $11.86B – declined 23.0% year-over-year.
Chevron buyback spend compound annual growth for the 2020–2025 (5 years) window is +46.5%, with the latest reading among the more recent periods of the dataset.
Between 2024 and 2025, Chevron buyback spend declined 23.0%, falling from $15.40B to $11.86B.
2024 marks the peak buyback spend at $15.40B, with the historical low of $0 recorded in 1997.
Among 8 Energy peers, Chevron (CVX) ranks 2nd; the peer median for buyback spend is $2.49B.
Chevron Buyback Spend 2025: $11.86B
Chevron buyback spend in 2025 was $11.86B, declined 23.0% below 2024.
Chevron Buyback Spend 2024: $15.40B
Chevron buyback spend in 2024 was $15.40B, edged up 3.1% from 2023. This figure represents the highest annual value in the available history.
Chevron Buyback Spend 2023: $14.94B
Chevron buyback spend in 2023 was $14.94B, surged 32.7% from 2022.
Chevron Buyback Spend 2022: $11.26B
Chevron buyback spend in 2022 was $11.26B, surged 713.8% from 2021.
Chevron Buyback Spend 2021: $1.38B
Chevron buyback spend in 2021 was $1.38B.
See more financial history for Chevron (CVX).
Sector peers by buyback spend
Companies in the same sector as Chevron, ranked by their latest buyback spend.
| Company | Buyback Spend | Sector |
|---|---|---|
| Exxon Mobil (XOM) | $20.27B | Energy |
| ConocoPhillips (COP) | $5.02B | Energy |
| Marathon Petroleum (MPC) | $3.49B | Energy |
| EOG Resources (EOG) | $2.56B | Energy |
| SLB (SLB) | $2.41B | Energy |
| Enbridge (ENB) | $0 | Energy |
| Williams Companies (WMB) | $0 | Energy |
| Kinder Morgan (KMI) | $0 | Energy |
Share count history
Diluted weighted-average shares drive the EPS denominator and per-share capital-return maths. A falling diluted share count means buybacks are outpacing dilution from stock-based compensation and option exercises.
Diluted vs basic shares (annual)
Year-over-year change in diluted shares
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Dividend & buyback yield over time
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Buybacks vs stock-based compensation
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 52550.00×.
Capital allocation mix
How Chevron splits cash returned to shareholders between dividends and buybacks, plus the headroom on free cash flow that's still available for additional repurchases.
Buybacks vs dividends (share of cash returned)
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $78.00M (TTM FCF − TTM dividends, clamped at zero).
Data & methodology
Where do buyback, dividend and compensation figures come from?
Cash buyback spend (common stock repurchased), dividends paid and stock-based compensation come from Chevron's consolidated cash flow statements — quarterly 10-Q and annual 10-K SEC filings, in USD as reported.
How are diluted shares and yields calculated?
Diluted weighted-average share counts come from the income statement (EPS denominator). Trailing twelve-month (TTM) aggregates sum the four most recent reported quarters. Buyback and dividend yields divide TTM cash flows by market capitalisation at the latest quarter-end.
How is buyback capacity defined?
Capacity compares TTM repurchases to free cash flow after dividends: operating cash flow minus capital expenditure, minus dividends paid, versus actual buybacks over the same trailing window.
Is this investment advice?
No. Figures are for informational and educational use only. Past buybacks and dividends do not predict future returns.
Frequently asked questions
Does Chevron buy back its own stock?
Yes, Chevron (CVX) has repurchased shares in recent periods. See the history table and charts on this page for amounts and trends.
How much does Chevron spend on share buybacks?
Trailing twelve months (TTM) buyback spend is about $10.51B (sum of the last four quarterly cash-flow periods in our data). Figures are illustrative; verify in filings.
What is Chevron's buyback yield?
TTM buyback yield is about 2.57% (TTM buyback spend divided by market cap at the latest quarter-end in our data).
What is Chevron's shareholder yield?
Shareholder yield combines dividend yield and buyback yield. For the latest period we show approximately 2.57% combined (TTM-based where available).
Is Chevron diluting shareholders?
Compare stock-based compensation (SBC) to buybacks in the chart above. Net effect varies by year; see annual buyback vs SBC bars and the history table.
How has Chevron's share count changed?
Diluted weighted average shares changed by about -0.8% over roughly five fiscal years (annual income statement data).
What is Chevron's buyback spend?
Latest reported buyback spend for Chevron (CVX) is $10.51B (period ending March 31, 2026).
How has Chevron buyback spend changed year-over-year?
Chevron (CVX) buyback spend changed -23.0% year-over-year on the latest annual filing.
What is the long-term growth rate of Chevron buyback spend?
Chevron (CVX) buyback spend compound annual growth rate is +46.5% over the most recent 5 years available.
When did Chevron buyback spend hit its highest annual value?
Chevron buyback spend reached its highest annual value of $15.40B in 2024.
What was Chevron buyback spend in 2024?
Chevron (CVX) buyback spend in 2024 was $15.40B.
What was Chevron buyback spend in 2025?
Chevron (CVX) buyback spend in 2025 was $11.86B.
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