Net Income for Chevron (CVX)
According to Chevron's latest reported financial statements, the company's current net income (TTM) is $12.30B USD. Net income is the bottom-line profit after all expenses — cost of goods sold, operating expenses, interest, and taxes — are subtracted from revenue. It is the figure used to compute earnings per share (EPS) and is the residual available to shareholders.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CVX
Currently viewingNet IncomeSwitch metric
TTM (last 4 quarters)
$12.30B
YoY change
-30.4%
5Y CAGR
N/A
Peak year (2022)
$35.47B
Cumulative net income
$373.62B
Net Income history chart for Chevron (CVX) from 1992 to 2025
Net Income history table for Chevron (CVX) from 1992 to 2025
| Fiscal year | Period ended | Reported | Net Income | YoY |
|---|---|---|---|---|
| 2025 | $12.30B | -30.4% | ||
| 2024 | $17.66B | -17.4% | ||
| 2023 | $21.37B | -39.7% | ||
| 2022 | $35.47B | +127.0% | ||
| 2021 | $15.63B | -381.9% | ||
| 2020 | -$5.54B | -289.6% | ||
| 2019 | $2.92B | -80.3% | ||
| 2018 | $14.82B | +61.2% | ||
| 2017 | $9.20B | -1950.1% | ||
| 2016 | -$497.00M | -110.8% | ||
| 2015 | $4.59B | -76.2% | ||
| 2014 | $19.24B | -10.2% | ||
| 2013 | $21.42B | -18.2% | ||
| 2012 | $26.18B | -2.7% | ||
| 2011 | $26.89B | +41.4% | ||
| 2010 | $19.02B | +81.5% | ||
| 2009 | $10.48B | -56.2% | ||
| 2008 | $23.93B | +28.1% | ||
| 2007 | $18.69B | +9.0% | ||
| 2006 | $17.14B | +21.6% | ||
| 2005 | $14.10B | +5.8% | ||
| 2004 | $13.33B | +84.3% | ||
| 2003 | $7.23B | +538.7% | ||
| 2002 | $1.13B | -65.6% | ||
| 2001 | $3.29B | -57.4% | ||
| 2000 | $7.73B | +138.0% | ||
| 1999 | $3.25B | +142.5% | ||
| 1998 | $1.34B | -58.9% | ||
| 1997 | $3.26B | +24.9% | ||
| 1996 | $2.61B | +180.3% | ||
| 1995 | $930.00M | -45.1% | ||
| 1994 | $1.69B | +33.8% | ||
| 1993 | $1.26B | -19.4% | ||
| 1992 | $1.57B | — |
Net Income 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
As of the 2025 fiscal year, Chevron (CVX) reported net income of $12.30B – plunged 30.4% year-over-year.
Through 2015–2025 (10 years), Chevron net income delivered a +10.4% annualised rate; with the latest reading among the more recent periods of the dataset.
Chevron net income peaked at $35.47B in 2022; the latest annual figure is $12.30B in 2025 (65.3% below peak).
The highest annual net income of $35.47B was reported in 2022. The lowest in the available history was -$5.54B in 2020.
Within Energy, Chevron (CVX) ranks 2nd among 8 peers we track. The peer median for net income is $4.17B.
Chevron Net Income by Year
Chevron Net Income 2025: $12.30B
Chevron net income in 2025 was $12.30B, plunged 30.4% below 2024.
Chevron Net Income 2024: $17.66B
Chevron net income in 2024 was $17.66B, declined 17.4% below 2023.
Chevron Net Income 2023: $21.37B
Chevron net income in 2023 was $21.37B, plunged 39.7% below 2022.
Chevron Net Income 2022: $35.47B
Chevron net income in 2022 was $35.47B, surged 127.0% from 2021. This figure represents the highest annual value in the available history.
Chevron Net Income 2021: $15.63B
Chevron net income in 2021 was $15.63B.
See more financial history for Chevron (CVX).
Sector peers — Net Income
Companies in the same sector as Chevron, ranked by their latest net income.
| Company | Net Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $28.84B | Energy |
| ConocoPhillips (COP) | $7.99B | Energy |
| Enbridge Inc. (ENB) | $7.49B | Energy |
| EOG Resources, Inc. (EOG) | $4.98B | Energy |
| SLB N.V. (SLB) | $3.35B | Energy |
| Kinder Morgan, Inc. (KMI) | $3.06B | Energy |
| The Williams Companies, Inc. (WMB) | $2.62B | Energy |
| Valero Energy Corporation (VLO) | $2.35B | Energy |
Frequently asked questions
What is Chevron's net income?
- Latest reported net income for Chevron (CVX) is $12.30B (period ending December 31, 2025).
How has Chevron net income changed year-over-year?
- Chevron (CVX) net income changed -30.4% year-over-year on the latest annual filing.
What is the long-term growth rate of Chevron net income?
- Chevron (CVX) net income compound annual growth rate is +10.4% over the most recent 10 years available.
When did Chevron net income hit its highest annual value?
- Chevron net income reached its highest annual value of $35.47B in 2022.
What was Chevron net income in 2024?
- Chevron (CVX) net income in 2024 was $17.66B.
What was Chevron net income in 2025?
- Chevron (CVX) net income in 2025 was $12.30B.
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