Chevron annual gross margin
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Chevron Gross Margin Growth & History (CVX)
Chevron's gross margin was 41.33% for fiscal 2025.
View full Chevron company overviewChevron annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 41.33% | +2.96 pp |
| 2024 | 2024-12-31 | 38.37% | −1.10 pp |
| 2023 | 2023-12-31 | 39.47% | +1.16 pp |
| 2022 | 2022-12-31 | 38.31% | −2.41 pp |
| 2021 | 2021-12-31 | 40.72% | −4.08 pp |
| 2020 | 2020-12-31 | 44.80% | +2.08 pp |
| 2019 | 2019-12-31 | 42.72% | +2.24 pp |
| 2018 | 2018-12-31 | 40.48% | −3.26 pp |
| 2017 | 2017-12-31 | 43.74% | −2.44 pp |
| 2016 | 2016-12-31 | 46.18% | — |
Chevron quarterly gross margin
Q2.17
Q3.17
Q1.18
Q2.18
Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 45.52% | +6.05 pp |
| Q1 2026 | 2026-03-31 | 40.56% | +2.62 pp |
| Q4 2025 | 2025-12-31 | 44.64% | +7.01 pp |
| Q3 2025 | 2025-09-30 | 43.12% | +5.36 pp |
| Q2 2025 | 2025-06-30 | 39.47% | +1.74 pp |
| Q1 2025 | 2025-03-31 | 37.94% | −2.50 pp |
| Q4 2024 | 2024-12-31 | 37.63% | −4.18 pp |
| Q3 2024 | 2024-09-30 | 37.76% | +0.03 pp |
| Q2 2024 | 2024-06-30 | 37.74% | −0.88 pp |
| Q1 2024 | 2024-03-31 | 40.44% | +0.65 pp |
| Q4 2023 | 2023-12-31 | 41.80% | +1.54 pp |
| Q3 2023 | 2023-09-30 | 37.74% | −1.25 pp |
| Q2 2023 | 2023-06-30 | 38.61% | +0.85 pp |
| Q1 2023 | 2023-03-31 | 39.79% | +3.66 pp |
| Q4 2022 | 2022-12-31 | 40.26% | +6.15 pp |
| Q3 2022 | 2022-09-30 | 38.98% | −5.01 pp |
| Q2 2022 | 2022-06-30 | 37.77% | −5.12 pp |
| Q1 2022 | 2022-03-31 | 36.13% | −7.33 pp |
| Q4 2021 | 2021-12-31 | 34.11% | −5.32 pp |
| Q3 2021 | 2021-09-30 | 43.99% | +0.03 pp |
| Q2 2021 | 2021-06-30 | 42.88% | −5.98 pp |
| Q1 2021 | 2021-03-31 | 43.47% | −4.32 pp |
| Q4 2020 | 2020-12-31 | 39.43% | −3.61 pp |
| Q3 2020 | 2020-09-30 | 43.96% | +1.13 pp |
| Q2 2020 | 2020-06-30 | 48.86% | +6.22 pp |
| Q1 2020 | 2020-03-31 | 47.79% | +5.42 pp |
| Q4 2019 | 2019-12-31 | 43.04% | +2.34 pp |
| Q3 2019 | 2019-09-30 | 42.83% | +1.45 pp |
| Q2 2019 | 2019-06-30 | 42.64% | +3.75 pp |
| Q1 2019 | 2019-03-31 | 42.37% | +1.40 pp |
| Q4 2018 | 2018-12-31 | 40.70% | — |
| Q3 2018 | 2018-09-30 | 41.38% | −3.22 pp |
| Q2 2018 | 2018-06-30 | 38.89% | −5.37 pp |
| Q1 2018 | 2018-03-31 | 40.97% | — |
| Q3 2017 | 2017-09-30 | 44.60% | — |
| Q2 2017 | 2017-06-30 | 44.26% | — |
Chevron gross margin trends
Over the last five fiscal years, Chevron's gross margin decreased from 44.80% to 41.33%, a change of −3.47 percentage points. The latest reported quarter, Q2 2026, shows 45.52%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. 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 ...