Chevron annual free cash flow
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2025
Chevron Free Cash Flow (FCF) History (CVX)
Chevron reported $16.59B in free cash flow for fiscal 2025, an increase of 10.29% from the previous fiscal year, with a free cash flow margin of 9.00%.
View full Chevron company overviewChevron free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $16.59B | $1.55B | +10.29% | +9.00% |
| 2024 | 2024-12-31 | $15.04B | −$4.74B | −23.94% | +7.78% |
| 2023 | 2023-12-31 | $19.78B | −$17.85B | −47.43% | +10.05% |
| 2022 | 2022-12-31 | $37.63B | $16.50B | +78.07% | +15.96% |
| 2021 | 2021-12-31 | $21.13B | $19.48B | +1176.80% | +13.58% |
| 2020 | 2020-12-31 | $1.66B | −$11.54B | −87.46% | +1.75% |
| 2019 | 2019-12-31 | $13.20B | −$3.63B | −21.56% | +9.44% |
| 2018 | 2018-12-31 | $16.83B | $9.89B | +142.66% | +10.59% |
| 2017 | 2017-12-31 | $6.93B | $12.35B | — | +5.15% |
| 2016 | 2016-12-31 | −$5.42B | $4.63B | — | −4.92% |
| 2015 | 2015-12-31 | −$10.05B | −$6.12B | — | −7.26% |
| 2014 | 2014-12-31 | −$3.93B | −$949.0M | — | −1.85% |
| 2013 | 2013-12-31 | −$2.98B | −$10.86B | — | −1.30% |
| 2012 | 2012-12-31 | $7.87B | −$6.72B | −46.05% | +3.25% |
| 2011 | 2011-12-31 | $14.60B | $2.85B | +24.30% | +5.75% |
| 2010 | 2010-12-31 | $11.74B | $12.21B | — | +5.73% |
| 2009 | 2009-12-31 | −$470.0M | −$10.44B | — | −0.27% |
| 2008 | 2008-12-31 | $9.97B | $1.67B | +20.09% | +3.65% |
| 2007 | 2007-12-31 | $8.30B | — | — | +3.76% |
Chevron quarterly free cash flow
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Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $18.09B | $13.23B | +272.02% | +26.93% |
| Q1 2026 | 2026-03-31 | −$1.55B | −$2.81B | — | −3.26% |
| Q4 2025 | 2025-12-31 | $5.53B | $1.17B | +26.81% | +12.07% |
| Q3 2025 | 2025-09-30 | $4.94B | −$678.0M | −12.07% | +10.26% |
| Q2 2025 | 2025-06-30 | $4.86B | $2.54B | +108.84% | +10.96% |
| Q1 2025 | 2025-03-31 | $1.26B | −$1.48B | −53.92% | +2.74% |
| Q4 2024 | 2024-12-31 | $4.36B | −$3.72B | −46.03% | +9.01% |
| Q3 2024 | 2024-09-30 | $5.62B | $619.0M | +12.38% | +11.48% |
| Q2 2024 | 2024-06-30 | $2.33B | −$211.0M | −8.31% | +4.70% |
| Q1 2024 | 2024-03-31 | $2.74B | −$1.43B | −34.27% | +5.88% |
| Q4 2023 | 2023-12-31 | $8.07B | −$590.0M | −6.81% | +16.50% |
| Q3 2023 | 2023-09-30 | $5.00B | −$7.27B | −59.26% | +9.63% |
| Q2 2023 | 2023-06-30 | $2.54B | −$8.06B | −76.03% | +5.38% |
| Q1 2023 | 2023-03-31 | $4.17B | −$1.93B | −31.63% | +8.53% |
| Q4 2022 | 2022-12-31 | $8.66B | $1.81B | +26.43% | +15.89% |
| Q3 2022 | 2022-09-30 | $12.27B | $5.60B | +83.93% | +19.32% |
| Q2 2022 | 2022-06-30 | $10.60B | $5.44B | +105.51% | +16.21% |
| Q1 2022 | 2022-03-31 | $6.09B | $3.65B | +148.78% | +11.65% |
| Q4 2021 | 2021-12-31 | $6.85B | $6.68B | +3907.02% | +14.94% |
| Q3 2021 | 2021-09-30 | $6.67B | $4.76B | +249.87% | +15.68% |
| Q2 2021 | 2021-06-30 | $5.16B | $7.17B | — | +14.28% |
| Q1 2021 | 2021-03-31 | $2.45B | $861.0M | +54.19% | +7.88% |
| Q4 2020 | 2020-12-31 | $171.0M | −$1.28B | −88.18% | +0.69% |
| Q3 2020 | 2020-09-30 | $1.91B | −$2.54B | −57.13% | +7.95% |
| Q2 2020 | 2020-06-30 | −$2.01B | −$7.21B | — | −12.63% |
| Q1 2020 | 2020-03-31 | $1.59B | −$515.0M | −24.48% | +5.35% |
| Q4 2019 | 2019-12-31 | $1.45B | −$3.71B | −71.96% | +4.19% |
| Q3 2019 | 2019-09-30 | $4.45B | −$1.54B | −25.76% | +12.79% |
| Q2 2019 | 2019-06-30 | $5.20B | $1.57B | +43.26% | +14.31% |
| Q1 2019 | 2019-03-31 | $2.10B | $58.0M | +2.83% | +6.15% |
| Q4 2018 | 2018-12-31 | $5.16B | $2.71B | +110.44% | +12.79% |
| Q3 2018 | 2018-09-30 | $5.99B | $3.72B | +163.57% | +14.23% |
| Q2 2018 | 2018-06-30 | $3.63B | $1.88B | +107.73% | +8.96% |
| Q1 2018 | 2018-03-31 | $2.05B | $1.58B | +342.86% | +5.69% |
| Q4 2017 | 2017-12-31 | $2.45B | $2.75B | — | +7.11% |
| Q3 2017 | 2017-09-30 | $2.27B | $1.03B | +82.42% | +6.71% |
| Q2 2017 | 2017-06-30 | $1.75B | $3.69B | — | +5.31% |
| Q1 2017 | 2017-03-31 | $462.0M | $4.89B | — | +1.38% |
| Q4 2016 | 2016-12-31 | −$302.0M | $2.59B | — | −1.11% |
| Q3 2016 | 2016-09-30 | $1.25B | $2.70B | — | +4.13% |
| Q2 2016 | 2016-06-30 | −$1.94B | −$1.51B | — | −6.62% |
| Q1 2016 | 2016-03-31 | −$4.42B | $858.0M | — | −18.79% |
| Q4 2015 | 2015-12-31 | −$2.89B | $279.0M | — | −9.89% |
| Q3 2015 | 2015-09-30 | −$1.45B | −$1.87B | — | −4.23% |
| Q2 2015 | 2015-06-30 | −$423.0M | $627.0M | — | −1.05% |
| Q1 2015 | 2015-03-31 | −$5.28B | −$5.16B | — | −15.29% |
| Q4 2014 | 2014-12-31 | −$3.17B | −$2.01B | — | −6.88% |
| Q3 2014 | 2014-09-30 | $416.0M | −$293.0M | −41.33% | +0.76% |
| Q2 2014 | 2014-06-30 | −$1.05B | −$997.0M | — | −1.81% |
| Q1 2014 | 2014-03-31 | −$127.0M | $2.35B | — | −0.24% |
| Q4 2013 | 2013-12-31 | −$1.16B | −$3.46B | — | −2.07% |
| Q3 2013 | 2013-09-30 | $709.0M | $469.0M | +195.42% | +1.21% |
| Q2 2013 | 2013-06-30 | −$53.0M | −$2.90B | — | −0.09% |
| Q1 2013 | 2013-03-31 | −$2.48B | −$4.97B | — | −4.36% |
| Q4 2012 | 2012-12-31 | $2.29B | $532.0M | +30.19% | +3.79% |
| Q3 2012 | 2012-09-30 | $240.0M | −$4.51B | −94.94% | +0.41% |
| Q2 2012 | 2012-06-30 | $2.85B | −$69.0M | −2.37% | +4.55% |
| Q1 2012 | 2012-03-31 | $2.49B | −$2.68B | −51.79% | +4.11% |
| Q4 2011 | 2011-12-31 | $1.76B | −$986.0M | −35.88% | +2.94% |
| Q3 2011 | 2011-09-30 | $4.75B | $2.35B | +98.37% | +7.37% |
| Q2 2011 | 2011-06-30 | $2.92B | −$134.0M | −4.39% | +4.23% |
| Q1 2011 | 2011-03-31 | $5.17B | $1.62B | +45.61% | +8.57% |
| Q4 2010 | 2010-12-31 | $2.75B | $1.08B | +65.05% | +5.09% |
| Q3 2010 | 2010-09-30 | $2.39B | −$198.0M | −7.64% | +4.81% |
| Q2 2010 | 2010-06-30 | $3.05B | $4.20B | — | +5.76% |
| Q1 2010 | 2010-03-31 | $3.55B | $7.13B | — | +7.37% |
| Q4 2009 | 2009-12-31 | $1.67B | $2.49B | — | +3.42% |
| Q3 2009 | 2009-09-30 | $2.59B | −$1.86B | −41.80% | +5.56% |
| Q2 2009 | 2009-06-30 | −$1.15B | −$3.83B | — | −2.85% |
| Q1 2009 | 2009-03-31 | −$3.58B | −$7.24B | — | −9.91% |
| Q4 2008 | 2008-12-31 | −$826.0M | — | — | −1.83% |
| Q3 2008 | 2008-09-30 | $4.45B | — | — | +5.64% |
| Q2 2008 | 2008-06-30 | $2.69B | — | — | +3.24% |
| Q1 2008 | 2008-03-31 | $3.65B | — | — | +5.54% |
Chevron free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $1.66B to $16.59B, a compound annual growth rate of 58.57%. Chevron's latest reported quarter, Q2 2026, generated $18.09B in free cash flow, an increase of 272.02% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Chevron source filings ↗Community posts
Chevron plans to fund Venezuela expansion from local venture cash
Chevron ($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 ...
