Chevron annual operating expenses
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Chevron Operating Expenses Growth & History (CVX)
Chevron's operating expenses was $169.29B for fiscal 2025.
View full Chevron company overviewChevron annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $169.29B | −$6.00B | −3.42% |
| 2024 | 2024-12-31 | $175.29B | $3.92B | +2.29% |
| 2023 | 2023-12-31 | $171.37B | −$25.21B | −12.83% |
| 2022 | 2022-12-31 | $196.58B | $55.75B | +39.59% |
| 2021 | 2021-12-31 | $140.83B | $38.68B | +37.87% |
| 2020 | 2020-12-31 | $102.14B | −$38.84B | −27.55% |
| 2019 | 2019-12-31 | $140.98B | −$4.78B | −3.28% |
| 2018 | 2018-12-31 | $145.76B | $13.26B | +10.01% |
| 2017 | 2017-12-31 | $132.50B | $15.87B | +13.61% |
| 2016 | 2016-12-31 | $116.63B | −$17.00B | −12.72% |
| 2015 | 2015-12-31 | $133.63B | −$47.13B | −26.07% |
| 2014 | 2014-12-31 | $180.77B | −$12.18B | −6.31% |
| 2013 | 2013-12-31 | $192.94B | −$2.63B | −1.35% |
| 2012 | 2012-12-31 | $195.58B | −$10.49B | −5.09% |
| 2011 | 2011-12-31 | $206.07B | $33.20B | +19.20% |
| 2010 | 2010-12-31 | $172.87B | $19.77B | +12.91% |
| 2009 | 2009-12-31 | $153.11B | −$76.84B | −33.42% |
| 2008 | 2008-12-31 | $229.95B | $41.32B | +21.90% |
| 2007 | 2007-12-31 | $188.63B | — | — |
Chevron quarterly operating expenses
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| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $53.37B | $12.70B | +31.21% |
| Q1 2026 | 2026-03-31 | $44.66B | $2.63B | +6.27% |
| Q4 2025 | 2025-12-31 | $42.27B | −$3.89B | −8.43% |
| Q3 2025 | 2025-09-30 | $44.31B | $132.0M | +0.30% |
| Q2 2025 | 2025-06-30 | $40.67B | −$3.47B | −7.86% |
| Q1 2025 | 2025-03-31 | $42.03B | $1.23B | +3.02% |
| Q4 2024 | 2024-12-31 | $46.17B | $2.48B | +5.67% |
| Q3 2024 | 2024-09-30 | $44.18B | −$1.16B | −2.56% |
| Q2 2024 | 2024-06-30 | $44.15B | $3.09B | +7.52% |
| Q1 2024 | 2024-03-31 | $40.79B | −$480.0M | −1.16% |
| Q4 2023 | 2023-12-31 | $43.69B | −$2.98B | −6.38% |
| Q3 2023 | 2023-09-30 | $45.34B | −$6.49B | −12.53% |
| Q2 2023 | 2023-06-30 | $41.06B | −$11.70B | −22.18% |
| Q1 2023 | 2023-03-31 | $41.27B | −$4.04B | −8.93% |
| Q4 2022 | 2022-12-31 | $46.66B | $5.52B | +13.42% |
| Q3 2022 | 2022-09-30 | $51.84B | $15.18B | +41.41% |
| Q2 2022 | 2022-06-30 | $52.76B | $19.58B | +59.03% |
| Q1 2022 | 2022-03-31 | $45.32B | $15.47B | +51.81% |
| Q4 2021 | 2021-12-31 | $41.14B | $14.94B | +57.02% |
| Q3 2021 | 2021-09-30 | $36.66B | $12.16B | +49.64% |
| Q2 2021 | 2021-06-30 | $33.17B | $9.08B | +37.71% |
| Q1 2021 | 2021-03-31 | $29.85B | $2.50B | +9.12% |
| Q4 2020 | 2020-12-31 | $26.20B | −$18.55B | −41.45% |
| Q3 2020 | 2020-09-30 | $24.50B | −$7.57B | −23.61% |
| Q2 2020 | 2020-06-30 | $24.09B | −$8.82B | −26.81% |
| Q1 2020 | 2020-03-31 | $27.36B | −$3.89B | −12.44% |
| Q4 2019 | 2019-12-31 | $44.76B | $7.30B | +19.49% |
| Q3 2019 | 2019-09-30 | $32.07B | −$6.22B | −16.25% |
| Q2 2019 | 2019-06-30 | $32.91B | −$4.42B | −11.83% |
| Q1 2019 | 2019-03-31 | $31.24B | −$1.45B | −4.43% |
| Q4 2018 | 2018-12-31 | $37.45B | $1.32B | +3.65% |
| Q3 2018 | 2018-09-30 | $38.29B | $4.74B | +14.13% |
| Q2 2018 | 2018-06-30 | $37.33B | $4.80B | +14.77% |
| Q1 2018 | 2018-03-31 | $32.69B | $2.40B | +7.92% |
| Q4 2017 | 2017-12-31 | $36.13B | $5.15B | +16.62% |
| Q3 2017 | 2017-09-30 | $33.55B | $4.52B | +15.56% |
| Q2 2017 | 2017-06-30 | $32.53B | $1.18B | +3.75% |
| Q1 2017 | 2017-03-31 | $30.29B | $5.03B | +19.90% |
| Q4 2016 | 2016-12-31 | $30.98B | −$472.0M | −1.50% |
| Q3 2016 | 2016-09-30 | $29.03B | −$2.50B | −7.93% |
| Q2 2016 | 2016-06-30 | $31.35B | −$7.64B | −19.60% |
| Q1 2016 | 2016-03-31 | $25.26B | −$6.39B | −20.18% |
| Q4 2015 | 2015-12-31 | $31.46B | −$9.25B | −22.72% |
| Q3 2015 | 2015-09-30 | $31.53B | −$14.29B | −31.18% |
| Q2 2015 | 2015-06-30 | $38.99B | −$9.92B | −20.28% |
| Q1 2015 | 2015-03-31 | $31.65B | −$13.68B | −30.18% |
| Q4 2014 | 2014-12-31 | $40.70B | −$7.26B | −15.13% |
| Q3 2014 | 2014-09-30 | $45.82B | −$3.85B | −7.76% |
| Q2 2014 | 2014-06-30 | $48.91B | $131.0M | +0.27% |
| Q1 2014 | 2014-03-31 | $45.34B | −$1.20B | −2.57% |
| Q4 2013 | 2013-12-31 | $47.96B | −$616.0M | −1.27% |
| Q3 2013 | 2013-09-30 | $49.67B | $1.56B | +3.23% |
| Q2 2013 | 2013-06-30 | $48.78B | −$1.47B | −2.93% |
| Q1 2013 | 2013-03-31 | $46.53B | −$2.10B | −4.32% |
| Q4 2012 | 2012-12-31 | $48.58B | −$1.44B | −2.89% |
| Q3 2012 | 2012-09-30 | $48.11B | −$2.98B | −5.83% |
| Q2 2012 | 2012-06-30 | $50.25B | −$5.49B | −9.85% |
| Q1 2012 | 2012-03-31 | $48.64B | −$583.0M | −1.18% |
| Q4 2011 | 2011-12-31 | $50.02B | $4.76B | +10.51% |
| Q3 2011 | 2011-09-30 | $51.09B | $8.25B | +19.25% |
| Q2 2011 | 2011-06-30 | $55.74B | $11.50B | +26.00% |
| Q1 2011 | 2011-03-31 | $49.22B | $8.69B | +21.44% |
| Q4 2010 | 2010-12-31 | $45.26B | $2.41B | +5.61% |
| Q3 2010 | 2010-09-30 | $42.84B | $2.41B | +5.95% |
| Q2 2010 | 2010-06-30 | $44.24B | $7.38B | +20.02% |
| Q1 2010 | 2010-03-31 | $40.53B | $7.57B | +22.98% |
| Q4 2009 | 2009-12-31 | $42.85B | $4.90B | +12.90% |
| Q3 2009 | 2009-09-30 | $40.44B | −$24.09B | −37.33% |
| Q2 2009 | 2009-06-30 | $36.86B | −$34.37B | −48.25% |
| Q1 2009 | 2009-03-31 | $32.96B | −$23.28B | −41.40% |
| Q4 2008 | 2008-12-31 | $37.96B | — | — |
| Q3 2008 | 2008-09-30 | $64.53B | — | — |
| Q2 2008 | 2008-06-30 | $71.22B | — | — |
| Q1 2008 | 2008-03-31 | $56.24B | — | — |
Chevron operating expenses trends
Over the last five fiscal years, Chevron's operating expenses increased from $102.14B to $169.29B, a change of $67.14B. The latest reported quarter, Q2 2026, shows $53.37B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Chevron source filings ↗Community posts
Chevron plans to fund Venezuela expansion from local venture cash
Chevron ($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 ...