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 | $5.07B | — | −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 | −$6.22B | — | — | −7.49% |
| 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 SEC-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 filings at SEC.gov ↗