Buyback yield (TTM)
2.57%
Shareholder yield (TTM)
5.81%
5Y share count change
-0.8%
Buyback spend (TTM)
$10.51B
Cumulative buybacks
$104.91B
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.
Dividend & buyback yield over time for Chevron (CVX)
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.
Diluted vs basic shares (annual) for Chevron (CVX)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Chevron (CVX)
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.
Cash buyback spend over time for Chevron (CVX)
Latest: $11.86B
Overview
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 mixed annual results across the window.
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 $0.00 recorded in 1997.
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
2024's buyback spend for Chevron came in at $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 posted buyback spend of $14.94B in 2023, surged 32.7% from 2022.
Chevron Buyback Spend 2022: $11.26B
In 2022, Chevron reported buyback spend of $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).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $11.86B | $0.00 | $11.86B | 3.91% | 1.86B | +2.2% | |
| 2024 | $15.40B | $0.00 | $15.40B | 6.01% | 1.82B | -3.4% | |
| 2023 | $14.94B | $0.00 | $14.94B | 5.38% | 1.88B | -3.1% | |
| 2022 | $11.26B | $1.07B | $10.18B | 3.28% | 1.94B | +1.0% | |
| 2021 | $1.38B | $0.00 | $1.38B | 0.62% | 1.92B | +2.7% | |
| 2020 | $1.76B | $190.00M | $1.57B | 1.09% | 1.87B | -1.3% | |
| 2019 | $4.04B | $394.00M | $3.65B | 1.79% | 1.90B | -1.0% | |
| 2018 | $1.75B | $0.00 | $1.75B | 0.85% | 1.91B | +0.9% | |
| 2017 | $1.15B | $368.00M | $783.00M | 0.49% | 1.90B | +1.3% | |
| 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 | 2.10% | 1.90B | -1.8% | |
| 2013 | $4.49B | $515.00M | $3.98B | 1.89% | 1.93B | -1.6% | |
| 2012 | $4.14B | $460.00M | $3.68B | 1.98% | 1.96B | -1.8% | |
| 2011 | $3.19B | $0.00 | $3.19B | 1.52% | 2.00B | -0.4% | |
| 2010 | $306.00M | $0.00 | $306.00M | 0.17% | 2.01B | +0.4% | |
| 2009 | $0.00 | $0.00 | $0.00 | — | 2.00B | -2.4% | |
| 2008 | $6.82B | $0.00 | $6.82B | 4.63% | 2.05B | -3.8% | |
| 2007 | $6.39B | $0.00 | $6.39B | 3.31% | 2.13B | -3.0% | |
| 2006 | $4.49B | $0.00 | $4.49B | 2.85% | 2.20B | +1.9% | |
| 2005 | $2.74B | $0.00 | $2.74B | 2.18% | 2.16B | +1.6% | |
| 2004 | $1.66B | $0.00 | $1.66B | 1.51% | 2.12B | +2.2% | |
| 2003 | $75.00M | $0.00 | $75.00M | 0.08% | 2.08B | -2.7% | |
| 2002 | $0.00 | $0.00 | $0.00 | — | 2.14B | +0.5% | |
| 2001 | $763.00M | $0.00 | $763.00M | 0.80% | 2.12B | +62.4% | |
| 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 | — | — | — |
- 2025$11.86B
- 2024$15.40B
- 2023$14.94B
- 2022$11.26B
- 2021$1.38B
- 2020$1.76B
- 2019$4.04B
- 2018$1.75B
- 2017$1.15B
- 2016$0.00
- 2015$0.00
- 2014$4.41B
- 2013$4.49B
- 2012$4.14B
- 2011$3.19B
- 2010$306.00M
- 2009$0.00
- 2008$6.82B
- 2007$6.39B
- 2006$4.49B
- 2005$2.74B
- 2004$1.66B
- 2003$75.00M
- 2002$0.00
- 2001$763.00M
- 2000$1.50B
- 1999$0.00
- 1998$0.00
- 1997$0.00
- 1996$4.00M
- 1995$4.00M
- 1994$5.00M
- 1993$4.00M
- 1992$382.00M
Buybacks vs stock-based compensation for Chevron (CVX)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 52550.00×.
Buybacks vs dividends (share of cash returned) for Chevron (CVX)
How Chevron splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Chevron, ranked by their latest buyback spend.
| $20.27B | |
| $5.02B | |
| $3.49B | |
| $2.60B | |
| $2.56B | |
| $2.41B | |
| $0.00 | |
| $0.00 |
- $20.27B
- $5.02B
- $3.49B
- $2.60B
- $2.56B
- $2.41B
- $0.00
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).
Frequently asked questions
Data & methodology
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation