TTM
25.4%
YoY change
+0.98pp
Trough year (2019)
21.8%
Peak year (1998)
54.1%
Latest annual
30.4%
Gross Margin history chart for Chevron (CVX) from 1992 to 2025
Latest: 30.4%
Gross Margin change chart for Chevron (CVX) from 1992 to 2025
Latest: +0.98pp
Gross Margin history table for Chevron (CVX) from 1992 to 2025
| 2025 | 30.4% | +0.98pp | ||
| 2024 | 29.4% | -1.24pp | ||
| 2023 | 30.7% | +2.84pp | ||
| 2022 | 27.8% | -1.37pp | ||
| 2021 | 29.2% | +5.05pp | ||
| 2020 | 24.2% | +2.32pp | ||
| 2019 | 21.8% | -6.43pp | ||
| 2018 | 28.3% | -1.12pp | ||
| 2017 | 29.4% | +0.85pp | ||
| 2016 | 28.5% | -1.60pp | ||
| 2015 | 30.1% | -1.81pp | ||
| 2014 | 31.9% | -0.44pp | ||
| 2013 | 32.4% | -0.76pp | ||
| 2012 | 33.1% | -0.23pp | ||
| 2011 | 33.4% | -1.28pp | ||
| 2010 | 34.6% | +9.28pp | ||
| 2009 | 25.4% | -2.82pp | ||
| 2008 | 28.2% | -3.20pp | ||
| 2007 | 31.4% | -0.01pp | ||
| 2006 | 31.4% | +2.49pp | ||
| 2005 | 28.9% | -3.51pp | ||
| 2004 | 32.4% | -1.30pp | ||
| 2003 | 33.7% | +0.13pp | ||
| 2002 | 33.6% | -1.24pp | ||
| 2001 | 34.8% | +1.22pp | ||
| 2000 | 33.6% | -2.10pp | ||
| 1999 | 35.7% | -18.35pp | ||
| 1998 | 54.1% | +2.27pp | ||
| 1997 | 51.8% | +3.80pp | ||
| 1996 | 48.0% | -3.37pp | ||
| 1995 | 51.4% | -1.24pp | ||
| 1994 | 52.6% | +1.76pp | ||
| 1993 | 50.9% | +1.46pp | ||
| 1992 | 49.4% | — |
- 202530.4%+0.98pp
- 202429.4%-1.24pp
- 202330.7%+2.84pp
- 202227.8%-1.37pp
- 202129.2%+5.05pp
- 202024.2%+2.32pp
- 201921.8%-6.43pp
- 201828.3%-1.12pp
- 201729.4%+0.85pp
- 201628.5%-1.60pp
- 201530.1%-1.81pp
- 201431.9%-0.44pp
- 201332.4%-0.76pp
- 201233.1%-0.23pp
- 201133.4%-1.28pp
- 201034.6%+9.28pp
- 200925.4%-2.82pp
- 200828.2%-3.20pp
- 200731.4%-0.01pp
- 200631.4%+2.49pp
- 200528.9%-3.51pp
- 200432.4%-1.30pp
- 200333.7%+0.13pp
- 200233.6%-1.24pp
- 200134.8%+1.22pp
- 200033.6%-2.10pp
- 199935.7%-18.35pp
- 199854.1%+2.27pp
- 199751.8%+3.80pp
- 199648.0%-3.37pp
- 199551.4%-1.24pp
- 199452.6%+1.76pp
- 199350.9%+1.46pp
- 199249.4%—
Gross Margin values are taken from Chevron's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Gross Margin at Chevron (CVX)
According to Chevron's latest reported financial statements, the company's latest reported gross margin is 25.4%. Gross margin is gross profit divided by revenue, expressed as a percentage. It shows how much of each sales dollar survives the direct cost of goods sold — before operating expenses, interest, and taxes. A higher gross margin generally signals pricing power and production efficiency. Margins are most meaningful compared against sector peers and a company's own history.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, Chevron (CVX) reported gross margin of 30.41% – expanded 1.0 percentage points year-over-year.
Across the available history, gross margin reached its high of 54.07% in 1998 and its low of 21.83% in 2019.
Chevron Gross Margin by Year
Chevron Gross Margin 2025: 30.4%
2025's gross margin for Chevron came in at 30.41%, expanded 1.0 percentage points from 2024.
Chevron Gross Margin 2024: 29.4%
Chevron posted gross margin of 29.43% in 2024, contracted 1.2 percentage points from 2023.
Chevron Gross Margin 2023: 30.7%
In 2023, Chevron reported gross margin of 30.67%, expanded 2.8 percentage points from 2022.
Chevron Gross Margin 2022: 27.8%
Chevron gross margin in 2022 was 27.82%, contracted 1.4 percentage points from 2021.
Chevron Gross Margin 2021: 29.2%
Chevron gross margin in 2021 was 29.20%.
See more financial history for Chevron (CVX).
Sector peers by Gross Margin
Energy peers of Chevron (CVX), ranked by their latest gross margin
| 62.8% | |
| 30.7% | |
| 29.2% | |
| 25.5% | |
| 17.3% | |
| 8.8% | |
| 7.2% | |
| 7.0% |
- 30.7%
- 29.2%
- 25.5%
- 17.3%
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