Capital Expenditures for Chevron (CVX)
According to Chevron's latest reported financial statements, the company's current capital expenditures (TTM) is $17.57B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CVX
Currently viewingCapital ExpendituresSwitch metric
Latest period
$17.57B
YoY change
+5.5%
5Y CAGR
+14.3%
Peak year (2013)
$37.98B
Cumulative capital expenditures
$466.24B
CapEx history chart for Chevron (CVX) from 1992 to 2025
CapEx history table for Chevron (CVX) from 1992 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $17.35B | +5.5% | ||
| 2024 | $16.45B | +3.9% | ||
| 2023 | $15.83B | +32.2% | ||
| 2022 | $11.97B | +47.8% | ||
| 2021 | $8.10B | -9.0% | ||
| 2020 | $8.90B | -36.9% | ||
| 2019 | $14.10B | +2.2% | ||
| 2018 | $13.80B | +3.0% | ||
| 2017 | $13.40B | -26.0% | ||
| 2016 | $18.11B | -38.6% | ||
| 2015 | $29.50B | -16.7% | ||
| 2014 | $35.41B | -6.8% | ||
| 2013 | $37.98B | +22.8% | ||
| 2012 | $30.94B | +16.7% | ||
| 2011 | $26.50B | +35.1% | ||
| 2010 | $19.61B | -1.2% | ||
| 2009 | $19.84B | +0.9% | ||
| 2008 | $19.67B | +17.9% | ||
| 2007 | $16.68B | +20.7% | ||
| 2006 | $13.81B | +58.8% | ||
| 2005 | $8.70B | +37.9% | ||
| 2004 | $6.31B | +12.2% | ||
| 2003 | $5.63B | -26.0% | ||
| 2002 | $7.60B | -21.8% | ||
| 2001 | $9.71B | +27.3% | ||
| 2000 | $7.63B | -3.4% | ||
| 1999 | $7.89B | +103.5% | ||
| 1998 | $3.88B | -0.5% | ||
| 1997 | $3.90B | +13.9% | ||
| 1996 | $3.42B | -3.0% | ||
| 1995 | $3.53B | +3.6% | ||
| 1994 | $3.40B | +2.5% | ||
| 1993 | $3.32B | -0.9% | ||
| 1992 | $3.35B | — |
CapEx values are taken from Chevron's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, Chevron (CVX) capital expenditures totalled $17.35B – grew 5.5% year-over-year.
Through 2020–2025 (5 years), Chevron capital expenditures delivered a +14.3% annualised rate; sustaining 4 straight years of year-over-year growth.
Chevron capital expenditures plunged from $37.98B in 2013 to $17.35B in 2025, a 54.3% drawdown.
$37.98B stands as the all-time-high annual capital expenditures, posted in 2013, against a low of $3.32B during 1993.
Within Energy, Chevron (CVX) ranks 2nd among 8 peers we track. The peer median for capital expenditures is $3.96B.
Chevron Capital Expenditures by Year
Chevron Capital Expenditures 2025: $17.35B
Chevron capital expenditures in 2025 was $17.35B, grew 5.5% from 2024.
Chevron Capital Expenditures 2024: $16.45B
Chevron capital expenditures in 2024 was $16.45B, edged up 3.9% from 2023.
Chevron Capital Expenditures 2023: $15.83B
Chevron capital expenditures in 2023 was $15.83B, surged 32.2% from 2022.
Chevron Capital Expenditures 2022: $11.97B
Chevron capital expenditures in 2022 was $11.97B, surged 47.8% from 2021.
Chevron Capital Expenditures 2021: $8.10B
Chevron capital expenditures in 2021 was $8.10B.
See more financial history for Chevron (CVX).
Sector peers — CapEx
Companies in the same sector as Chevron, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.36B | Energy |
| Enbridge Inc. (ENB) | $8.97B | Energy |
| EOG Resources, Inc. (EOG) | $6.12B | Energy |
| The Williams Companies, Inc. (WMB) | $4.89B | Energy |
| Kinder Morgan, Inc. (KMI) | $3.03B | Energy |
| ConocoPhillips (COP) | $3.02B | Energy |
| SLB N.V. (SLB) | $1.69B | Energy |
| Valero Energy Corporation (VLO) | $796.00M | Energy |
Frequently asked questions
What is Chevron's capital expenditures?
- Latest reported capital expenditures for Chevron (CVX) is $17.57B (period ending December 31, 2025).
How has Chevron capital expenditures changed year-over-year?
- Chevron (CVX) capital expenditures changed +5.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Chevron capital expenditures?
- Chevron (CVX) capital expenditures compound annual growth rate is +14.3% over the most recent 5 years available.
When did Chevron capital expenditures hit its highest annual value?
- Chevron capital expenditures reached its highest annual value of $37.98B in 2013.
What was Chevron capital expenditures in 2024?
- Chevron (CVX) capital expenditures in 2024 was $16.45B.
What was Chevron capital expenditures in 2025?
- Chevron (CVX) capital expenditures in 2025 was $17.35B.
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