Operating Income for Chevron (CVX)
According to Chevron's latest reported financial statements, the company's current operating income (TTM) is $16.67B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
CVX
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$16.67B
YoY change
-42.7%
5Y CAGR
N/A
Peak year (2022)
$39.95B
Cumulative operating income
$580.29B
Operating Income history chart for Chevron (CVX) from 1992 to 2025
Operating Income history table for Chevron (CVX) from 1992 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $16.67B | -42.7% | ||
| 2024 | $29.10B | -13.9% | ||
| 2023 | $33.79B | -15.4% | ||
| 2022 | $39.95B | +148.1% | ||
| 2021 | $16.10B | -332.0% | ||
| 2020 | -$6.94B | -7042.0% | ||
| 2019 | $100.00M | -99.3% | ||
| 2018 | $14.45B | +361.8% | ||
| 2017 | $3.13B | -157.2% | ||
| 2016 | -$5.47B | +47.5% | ||
| 2015 | -$3.71B | -118.8% | ||
| 2014 | $19.73B | -27.5% | ||
| 2013 | $27.21B | -22.3% | ||
| 2012 | $35.01B | -8.6% | ||
| 2011 | $38.30B | +50.9% | ||
| 2010 | $25.38B | +255.8% | ||
| 2009 | $7.13B | -81.1% | ||
| 2008 | $37.69B | +16.2% | ||
| 2007 | $32.44B | -0.2% | ||
| 2006 | $32.50B | -5.8% | ||
| 2005 | $34.49B | +18.9% | ||
| 2004 | $29.01B | +42.7% | ||
| 2003 | $20.32B | +44.1% | ||
| 2002 | $14.10B | -18.8% | ||
| 2001 | $17.35B | -20.7% | ||
| 2000 | $21.87B | +67.7% | ||
| 1999 | $13.04B | +482.6% | ||
| 1998 | $2.24B | -61.5% | ||
| 1997 | $5.81B | +13.9% | ||
| 1996 | $5.10B | +133.1% | ||
| 1995 | $2.19B | -30.5% | ||
| 1994 | $3.15B | -66.5% | ||
| 1993 | $9.41B | -2.4% | ||
| 1992 | $9.64B | — |
Operating 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
The 2025 reading of Chevron (CVX) operating income is $16.67B – plunged 42.7% year-over-year.
Chevron operating income plunged from $39.95B in 2022 to $16.67B in 2025, a 58.3% drawdown.
2022 marks the peak operating income at $39.95B, with the historical low of -$6.94B recorded in 2020.
Chevron (CVX) sits 2nd of 8 Energy peers we track on this metric, against a peer median of $6.69B.
Chevron Operating Income by Year
Chevron Operating Income 2025: $16.67B
Chevron operating income in 2025 was $16.67B, plunged 42.7% below 2024.
Chevron Operating Income 2024: $29.10B
Chevron operating income in 2024 was $29.10B, declined 13.9% below 2023.
Chevron Operating Income 2023: $33.79B
Chevron operating income in 2023 was $33.79B, declined 15.4% below 2022.
Chevron Operating Income 2022: $39.95B
Chevron operating income in 2022 was $39.95B, surged 148.1% from 2021. This figure represents the highest annual value in the available history.
Chevron Operating Income 2021: $16.10B
Chevron operating income in 2021 was $16.10B.
See more financial history for Chevron (CVX).
Sector peers — Operating Income
Companies in the same sector as Chevron, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| Exxon Mobil Corporation (XOM) | $33.94B | Energy |
| ConocoPhillips (COP) | $11.49B | Energy |
| Enbridge Inc. (ENB) | $10.96B | Energy |
| EOG Resources, Inc. (EOG) | $7.93B | Energy |
| SLB N.V. (SLB) | $5.46B | Energy |
| Kinder Morgan, Inc. (KMI) | $4.81B | Energy |
| The Williams Companies, Inc. (WMB) | $4.40B | Energy |
| Valero Energy Corporation (VLO) | $4.31B | Energy |
Frequently asked questions
What is Chevron's operating income?
- Latest reported operating income for Chevron (CVX) is $16.67B (period ending December 31, 2025).
How has Chevron operating income changed year-over-year?
- Chevron (CVX) operating income changed -42.7% year-over-year on the latest annual filing.
When did Chevron operating income hit its highest annual value?
- Chevron operating income reached its highest annual value of $39.95B in 2022.
What was Chevron operating income in 2024?
- Chevron (CVX) operating income in 2024 was $29.10B.
What was Chevron operating income in 2025?
- Chevron (CVX) operating income in 2025 was $16.67B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
CVX Overview
Company profile, financial tools, and key metrics
CVX Revenue Counter
Earns $5,848 every second. See per minute, hour, and day.
CVX Earnings Counter
Earns $390.00 per second net profit. See per minute, hour, and day.
CVX Economic Scale
Exceeds Morocco's GDP. Compare with world economies.
CVX What If Invested
What if you had invested $1,000? See historical returns from any date.
CVX How It Makes Money
Discover visual breakdown of $184.43B in revenue — where it comes from and where it goes.
CVX Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
CVX Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
CVX Daily Price Character
Steady · 47.7% historical win rate (green days). Streaks & record days.
CVX Buybacks
3.91% TTM buyback yield. Shareholder yield & SBC comparison.
CVX Stock Split History
5 splits on record. Dates, ratios, and cumulative multiple.
CVX Dividend Profile
Yield: 3.59%. Safety: 5/8. See full history.
CVX Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
CVX Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.