Chevron annual debt-to-equity ratio
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2025
Chevron Debt-to-Equity Ratio Growth & History (CVX)
Chevron's debt-to-equity ratio was 0.25 for fiscal 2025.
View full Chevron company overviewChevron annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.25 | 0.06 | +28.96% |
| 2024 | 2024-12-31 | 0.19 | 0.03 | +20.02% |
| 2023 | 2023-12-31 | 0.16 | −0.01 | −5.74% |
| 2022 | 2022-12-31 | 0.17 | −0.08 | −31.47% |
| 2021 | 2021-12-31 | 0.25 | −0.12 | −31.52% |
| 2020 | 2020-12-31 | 0.37 | 0.15 | +71.13% |
| 2019 | 2019-12-31 | 0.21 | −0.01 | −4.03% |
| 2018 | 2018-12-31 | 0.22 | −0.11 | −32.27% |
| 2017 | 2017-12-31 | 0.33 | −0.05 | −13.10% |
| 2016 | 2016-12-31 | 0.38 | 0.07 | +24.24% |
| 2015 | 2015-12-31 | 0.30 | 0.07 | +31.87% |
| 2014 | 2014-12-31 | 0.23 | 0.04 | +21.09% |
| 2013 | 2013-12-31 | 0.19 | 0.06 | +43.70% |
| 2012 | 2012-12-31 | 0.13 | 0.00 | +1.96% |
| 2011 | 2011-12-31 | 0.13 | −0.03 | −18.85% |
| 2010 | 2010-12-31 | 0.16 | 0.00 | +0.39% |
| 2009 | 2009-12-31 | 0.16 | 0.06 | +55.73% |
| 2008 | 2008-12-31 | 0.10 | — | — |
Chevron quarterly debt-to-equity ratio
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Q2.26
| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.20 | −0.01 | −2.98% |
| Q1 2026 | 2026-03-31 | 0.25 | 0.05 | +24.34% |
| Q4 2025 | 2025-12-31 | 0.25 | 0.06 | +28.96% |
| Q3 2025 | 2025-09-30 | 0.22 | 0.05 | +32.28% |
| Q2 2025 | 2025-06-30 | 0.20 | 0.06 | +38.23% |
| Q1 2025 | 2025-03-31 | 0.20 | 0.06 | +46.30% |
| Q4 2024 | 2024-12-31 | 0.19 | 0.03 | +20.02% |
| Q3 2024 | 2024-09-30 | 0.17 | 0.04 | +32.98% |
| Q2 2024 | 2024-06-30 | 0.15 | 0.01 | +7.15% |
| Q1 2024 | 2024-03-31 | 0.14 | −0.01 | −6.60% |
| Q4 2023 | 2023-12-31 | 0.16 | −0.01 | −5.74% |
| Q3 2023 | 2023-09-30 | 0.12 | −0.02 | −16.50% |
| Q2 2023 | 2023-06-30 | 0.14 | −0.03 | −20.47% |
| Q1 2023 | 2023-03-31 | 0.15 | −0.06 | −27.45% |
| Q4 2022 | 2022-12-31 | 0.17 | −0.08 | −31.47% |
| Q3 2022 | 2022-09-30 | 0.15 | −0.13 | −45.80% |
| Q2 2022 | 2022-06-30 | 0.17 | −0.15 | −47.10% |
| Q1 2022 | 2022-03-31 | 0.20 | −0.14 | −41.77% |
| Q4 2021 | 2021-12-31 | 0.25 | −0.12 | −31.52% |
| Q3 2021 | 2021-09-30 | 0.27 | 0.01 | +4.06% |
| Q2 2021 | 2021-06-30 | 0.32 | 0.07 | +27.21% |
| Q1 2021 | 2021-03-31 | 0.34 | 0.12 | +53.28% |
| Q4 2020 | 2020-12-31 | 0.37 | 0.15 | +71.13% |
| Q3 2020 | 2020-09-30 | 0.26 | 0.03 | +11.52% |
| Q2 2020 | 2020-06-30 | 0.25 | 0.03 | +14.45% |
| Q1 2020 | 2020-03-31 | 0.22 | −0.02 | −6.36% |
| Q4 2019 | 2019-12-31 | 0.21 | −0.01 | −4.03% |
| Q3 2019 | 2019-09-30 | 0.24 | 0.00 | +0.75% |
| Q2 2019 | 2019-06-30 | 0.22 | −0.03 | −12.34% |
| Q1 2019 | 2019-03-31 | 0.24 | −0.02 | −9.19% |
| Q4 2018 | 2018-12-31 | 0.22 | −0.11 | −32.27% |
| Q3 2018 | 2018-09-30 | 0.24 | −0.05 | −17.81% |
| Q2 2018 | 2018-06-30 | 0.25 | −0.04 | −13.68% |
| Q1 2018 | 2018-03-31 | 0.26 | −0.04 | −14.38% |
| Q4 2017 | 2017-12-31 | 0.33 | −0.05 | −13.10% |
| Q3 2017 | 2017-09-30 | 0.29 | −0.02 | −7.87% |
| Q2 2017 | 2017-06-30 | 0.29 | −0.01 | −4.30% |
| Q1 2017 | 2017-03-31 | 0.31 | 0.03 | +9.60% |
| Q4 2016 | 2016-12-31 | 0.38 | 0.07 | +24.24% |
| Q3 2016 | 2016-09-30 | 0.31 | 0.08 | +34.08% |
| Q2 2016 | 2016-06-30 | 0.31 | 0.10 | +48.49% |
| Q1 2016 | 2016-03-31 | 0.28 | 0.06 | +29.33% |
| Q4 2015 | 2015-12-31 | 0.30 | 0.07 | +31.87% |
| Q3 2015 | 2015-09-30 | 0.23 | 0.07 | +40.65% |
| Q2 2015 | 2015-06-30 | 0.21 | 0.05 | +34.56% |
| Q1 2015 | 2015-03-31 | 0.22 | 0.06 | +42.33% |
| Q4 2014 | 2014-12-31 | 0.23 | 0.04 | +21.09% |
| Q3 2014 | 2014-09-30 | 0.16 | 0.04 | +28.29% |
| Q2 2014 | 2014-06-30 | 0.15 | 0.01 | +9.70% |
| Q1 2014 | 2014-03-31 | 0.15 | 0.05 | +51.62% |
| Q4 2013 | 2013-12-31 | 0.19 | 0.06 | +43.70% |
| Q3 2013 | 2013-09-30 | 0.13 | 0.04 | +38.31% |
| Q2 2013 | 2013-06-30 | 0.14 | 0.06 | +77.59% |
| Q1 2013 | 2013-03-31 | 0.10 | 0.03 | +36.57% |
| Q4 2012 | 2012-12-31 | 0.13 | 0.00 | +1.96% |
| Q3 2012 | 2012-09-30 | 0.09 | 0.01 | +15.14% |
| Q2 2012 | 2012-06-30 | 0.08 | −0.02 | −20.99% |
| Q1 2012 | 2012-03-31 | 0.07 | −0.03 | −29.71% |
| Q4 2011 | 2011-12-31 | 0.13 | −0.03 | −18.85% |
| Q3 2011 | 2011-09-30 | 0.08 | −0.02 | −22.40% |
| Q2 2011 | 2011-06-30 | 0.10 | −0.01 | −5.30% |
| Q1 2011 | 2011-03-31 | 0.11 | −0.00 | −3.47% |
| Q4 2010 | 2010-12-31 | 0.16 | 0.00 | +0.39% |
| Q3 2010 | 2010-09-30 | 0.10 | −0.01 | −10.70% |
| Q2 2010 | 2010-06-30 | 0.11 | −0.03 | −23.29% |
| Q1 2010 | 2010-03-31 | 0.11 | −0.03 | −21.56% |
| Q4 2009 | 2009-12-31 | 0.16 | 0.06 | +55.73% |
| Q3 2009 | 2009-09-30 | 0.12 | — | — |
| Q2 2009 | 2009-06-30 | 0.14 | — | — |
| Q1 2009 | 2009-03-31 | 0.14 | — | — |
| Q4 2008 | 2008-12-31 | 0.10 | — | — |
Chevron debt-to-equity ratio trends
Over the last five fiscal years, Chevron's debt-to-equity ratio decreased from 0.37 to 0.25, a change of −0.12. The latest reported quarter, Q2 2026, shows 0.20.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Chevron source filings ↗Community posts
Chevron plans to fund Venezuela expansion from local venture cash
Chevron ($CVX) plans to fund its proposed $7 billion expansion in Venezuela entirely from cash generated by its existing local joint ventures, rather than bringing in outside cash, its chief executive told an energy conference. The expansio ...