Chevron: revenue, profit and dividends

In fiscal 2025, Chevron had revenue of $189B, up 3.2% a year on average since 2015, and net income of $12.3B (6.5% of revenue). Its dividend per share has gone up 6 years in a row, to $6.84.

Revenue, fiscal 2025

$189B+3.2% a year

average annual revenue growth since 2015 · −6.8% vs 2024

Net income, 2025

$12.3B

6.5% of revenue

Diluted EPS, 2025

$6.63

10.5% a year since 2015

Dividend per share, 2025

$6.84

raised 6 years in a row

Revenue growth, 5 years

14.8% a year

since 2020

Shares, 2025

1.86B

−1.0% since 2015

Free cash flow, 2025

$16.6B

$33.9B from operations − $17.3B capex

Ticker: CVX · NYSE
Sector: Energy
Sub-industry: Integrated Oil & Gas
Headquarters: Houston, Texas
Founded: 1879
In the S&P 500 since: March 4, 1957, the index’s first day
Latest fiscal year: 2025, ended December 31, 2025
SEC filer: Chevron Corp · CIK 0000093410

Revenue and net income

Revenue went from $221B in 2007 to $189B in 2025. Net loss in 2016, 2020.

RevenueNet income

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Diluted earnings per share

Diluted EPS went from $8.77 in 2007 to $6.63 in 2025. Ten-year growth: 10.5% a year.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Dividends per share

Raised 6 years in a row, every year from 2020 to 2025.

Fiscal years · US dollars per share, adjusted for splitsSource: SEC EDGAR (company filings)

Shares outstanding

1.0% fewer shares in 2025 than in 2015 (1.88B → 1.86B): buybacks outweighed new shares.

Fiscal years · diluted weighted-average shares, adjusted for splitsSource: SEC EDGAR (company filings)

Operating cash flow, capex and free cash flow

Free cash flow (operating cash flow minus capital expenditure) was $16.6B in 2025, 8.8% of revenue. Negative in 2009, 2013–2016.

Operating cash flowCapital expenditureFree cash flow

Fiscal years · US dollarsSource: SEC EDGAR (company filings)

Year by year

Fiscal year	Revenue	Net income	Net margin	Diluted EPS	Dividend	Shares	Operating cash flow	Capex	Free cash flow
2025	$189B	$12.3B	6.5%	$6.63	$6.84	1.86B	$33.9B	$17.3B	$16.6B
2024	$203B	$17.7B	8.7%	$9.72	$6.52	1.82B	$31.5B	$16.4B	$15B
2023	$201B	$21.4B	10.6%	$11.36	$6.04	1.88B	$35.6B	$15.8B	$19.8B
2022	$246B	$35.5B	14.4%	$18.28	$5.68	1.94B	$49.6B	$12B	$37.6B
2021	$162B	$15.6B	9.6%	$8.14	$5.31	1.92B	$29.2B	$8.06B	$21.1B
2020	$94.7B	−$5.54B	−5.9%	−$2.96	$5.16	1.87B	$10.6B	$8.92B	$1.66B
2019	$147B	$2.92B	2.0%	$1.54	$4.76	1.9B	$27.3B	$14.1B	$13.2B
2018	$166B	$14.8B	8.9%	$7.74	—	1.91B	$30.6B	$13.8B	$16.8B
2017	$142B	$9.2B	6.5%	$4.85	—	1.9B	$20.3B	$13.4B	$6.93B
2016	$114B	−$497M	−0.4%	−$0.27	—	1.87B	$12.7B	$18.1B	−$5.42B
2015	$138B	$4.59B	3.3%	$2.45	—	1.88B	$19.5B	$29.5B	−$10B
2014	$212B	$19.2B	9.1%	$10.14	—	1.9B	$31.5B	$35.4B	−$3.93B
2013	$229B	$21.4B	9.4%	$11.09	—	1.93B	$35B	$38B	−$2.98B
2012	$242B	$26.2B	10.8%	$13.32	—	1.97B	$38.8B	$30.9B	$7.87B
2011	$254B	$26.9B	10.6%	$13.44	—	2.0B	$41.1B	$26.5B	$14.6B
2010	$205B	$19B	9.3%	$9.48	—	2.01B	$31.4B	$19.6B	$11.7B
2009	$172B	$10.5B	6.1%	$5.24	—	2.0B	$19.4B	$19.8B	−$470M
2008	$273B	$23.9B	8.8%	$11.67	—	2.05B	$29.6B	$19.7B	$9.97B
2007	$221B	$18.7B	8.5%	$8.77	—	—	$25B	$16.7B	$8.3B

Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.

About these figures

Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.

Other Integrated Oil & Gas companies

XOM

ExxonMobil

revenue $332B (2025)

All 21 Energy companies

Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.