Gross Profit for Chevron (CVX)
According to Chevron's latest reported financial statements, the company's current gross profit (TTM) is $56.09B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CVX
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$56.09B
YoY change
-1.5%
5Y CAGR
+19.7%
Peak year (2011)
$81.54B
Cumulative gross profit
$1.53T
Gross Profit history chart for Chevron (CVX) from 1992 to 2025
Gross Profit history table for Chevron (CVX) from 1992 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $56.09B | -1.5% | ||
| 2024 | $56.93B | -5.7% | ||
| 2023 | $60.39B | -7.9% | ||
| 2022 | $65.59B | +44.4% | ||
| 2021 | $45.43B | +99.1% | ||
| 2020 | $22.82B | -25.3% | ||
| 2019 | $30.53B | -32.0% | ||
| 2018 | $44.91B | +13.5% | ||
| 2017 | $39.56B | +25.8% | ||
| 2016 | $31.44B | -19.7% | ||
| 2015 | $39.14B | -38.9% | ||
| 2014 | $64.03B | -10.2% | ||
| 2013 | $71.27B | -6.7% | ||
| 2012 | $76.41B | -6.3% | ||
| 2011 | $81.54B | +18.7% | ||
| 2010 | $68.67B | +60.8% | ||
| 2009 | $42.70B | -43.4% | ||
| 2008 | $75.45B | +8.8% | ||
| 2007 | $69.34B | +5.1% | ||
| 2006 | $65.98B | +15.2% | ||
| 2005 | $57.30B | +13.8% | ||
| 2004 | $50.35B | +23.1% | ||
| 2003 | $40.90B | +23.6% | ||
| 2002 | $33.10B | -10.6% | ||
| 2001 | $37.01B | -7.6% | ||
| 2000 | $40.04B | +30.8% | ||
| 1999 | $30.61B | +85.3% | ||
| 1998 | $16.52B | -24.0% | ||
| 1997 | $21.73B | +3.1% | ||
| 1996 | $21.07B | +10.6% | ||
| 1995 | $19.05B | +1.0% | ||
| 1994 | $18.86B | +1.2% | ||
| 1993 | $18.64B | -3.9% | ||
| 1992 | $19.40B | — |
Gross Profit values are taken from Chevron's reported income 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) gross profit totalled $56.09B – edged down 1.5% year-over-year.
Through 2020–2025 (5 years), Chevron gross profit delivered a +19.7% annualised rate; with the latest reading among the more recent periods of the dataset.
Chevron gross profit peaked at $81.54B in 2011; the latest annual figure is $56.09B in 2025 (31.2% below peak).
The highest annual gross profit of $81.54B was reported in 2011. The lowest in the available history was $16.52B in 1998.
Within Energy, Chevron (CVX) ranks 2nd among 8 peers we track. The peer median for gross profit is $10.93B.
Chevron Gross Profit by Year
Chevron Gross Profit 2025: $56.09B
Chevron gross profit in 2025 was $56.09B, edged down 1.5% below 2024.
Chevron Gross Profit 2024: $56.93B
Chevron gross profit in 2024 was $56.93B, declined 5.7% below 2023.
Chevron Gross Profit 2023: $60.39B
Chevron gross profit in 2023 was $60.39B, declined 7.9% below 2022.
Chevron Gross Profit 2022: $65.59B
Chevron gross profit in 2022 was $65.59B, surged 44.4% from 2021.
Chevron Gross Profit 2021: $45.43B
Chevron gross profit in 2021 was $45.43B.
See more financial history for Chevron (CVX).
Sector peers — Gross Profit
Companies in the same sector as Chevron, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $70.23B | Energy |
| Enbridge Inc. (ENB) | $21.50B | Energy |
| EOG Resources, Inc. (EOG) | $15.37B | Energy |
| ConocoPhillips (COP) | $14.46B | Energy |
| Kinder Morgan, Inc. (KMI) | $7.40B | Energy |
| SLB N.V. (SLB) | $6.50B | Energy |
| Valero Energy Corporation (VLO) | $5.37B | Energy |
| The Williams Companies, Inc. (WMB) | $5.12B | Energy |
Frequently asked questions
What is Chevron's gross profit?
- Latest reported gross profit for Chevron (CVX) is $56.09B (period ending December 31, 2025).
How has Chevron gross profit changed year-over-year?
- Chevron (CVX) gross profit changed -1.5% year-over-year on the latest annual filing.
What is the long-term growth rate of Chevron gross profit?
- Chevron (CVX) gross profit compound annual growth rate is +19.7% over the most recent 5 years available.
When did Chevron gross profit hit its highest annual value?
- Chevron gross profit reached its highest annual value of $81.54B in 2011.
What was Chevron gross profit in 2024?
- Chevron (CVX) gross profit in 2024 was $56.93B.
What was Chevron gross profit in 2025?
- Chevron (CVX) gross profit in 2025 was $56.09B.
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