Chevron annual return on equity
2008
2009
2010
2011
2012
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2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Chevron Return on Equity (ROE) Growth & History (CVX)
Chevron's return on equity was 7.26% for fiscal 2025.
View full Chevron company overviewChevron annual return on equity history
| Fiscal year | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 7.26% | −4.01 pp |
| 2024 | 2024-12-31 | 11.28% | −2.07 pp |
| 2023 | 2023-12-31 | 13.35% | −10.43 pp |
| 2022 | 2022-12-31 | 23.77% | +12.23 pp |
| 2021 | 2021-12-31 | 11.54% | +15.56 pp |
| 2020 | 2020-12-31 | −4.02% | −5.98 pp |
| 2019 | 2019-12-31 | 1.96% | −7.84 pp |
| 2018 | 2018-12-31 | 9.80% | +3.53 pp |
| 2017 | 2017-12-31 | 6.26% | +6.60 pp |
| 2016 | 2016-12-31 | −0.33% | −3.31 pp |
| 2015 | 2015-12-31 | 2.98% | −9.67 pp |
| 2014 | 2014-12-31 | 12.65% | −2.35 pp |
| 2013 | 2013-12-31 | 15.00% | −5.30 pp |
| 2012 | 2012-12-31 | 20.30% | −3.45 pp |
| 2011 | 2011-12-31 | 23.75% | +4.44 pp |
| 2010 | 2010-12-31 | 19.31% | +7.57 pp |
| 2009 | 2009-12-31 | 11.74% | −17.49 pp |
| 2008 | 2008-12-31 | 29.23% | — |
Chevron quarterly return on equity
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Q2.26
| Fiscal quarter | Period ended | Return on equity | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 6.46% | +4.78 pp |
| Q1 2026 | 2026-03-31 | 1.19% | −1.13 pp |
| Q4 2025 | 2025-12-31 | 1.47% | −0.63 pp |
| Q3 2025 | 2025-09-30 | 2.10% | −0.74 pp |
| Q2 2025 | 2025-06-30 | 1.68% | −1.09 pp |
| Q1 2025 | 2025-03-31 | 2.32% | −1.10 pp |
| Q4 2024 | 2024-12-31 | 2.10% | +0.71 pp |
| Q3 2024 | 2024-09-30 | 2.84% | −1.19 pp |
| Q2 2024 | 2024-06-30 | 2.77% | −1.01 pp |
| Q1 2024 | 2024-03-31 | 3.42% | −0.70 pp |
| Q4 2023 | 2023-12-31 | 1.38% | −2.61 pp |
| Q3 2023 | 2023-09-30 | 4.03% | −3.16 pp |
| Q2 2023 | 2023-06-30 | 3.78% | −3.97 pp |
| Q1 2023 | 2023-03-31 | 4.13% | −0.26 pp |
| Q4 2022 | 2022-12-31 | 4.00% | +0.32 pp |
| Q3 2022 | 2022-09-30 | 7.19% | +2.65 pp |
| Q2 2022 | 2022-06-30 | 7.75% | +5.43 pp |
| Q1 2022 | 2022-03-31 | 4.39% | +3.34 pp |
| Q4 2021 | 2021-12-31 | 3.68% | +4.18 pp |
| Q3 2021 | 2021-09-30 | 4.54% | +4.70 pp |
| Q2 2021 | 2021-06-30 | 2.33% | +8.27 pp |
| Q1 2021 | 2021-03-31 | 1.04% | −1.45 pp |
| Q4 2020 | 2020-12-31 | −0.50% | +3.90 pp |
| Q3 2020 | 2020-09-30 | −0.16% | −1.81 pp |
| Q2 2020 | 2020-06-30 | −5.95% | −8.71 pp |
| Q1 2020 | 2020-03-31 | 2.50% | +0.79 pp |
| Q4 2019 | 2019-12-31 | −4.41% | −6.83 pp |
| Q3 2019 | 2019-09-30 | 1.65% | −0.99 pp |
| Q2 2019 | 2019-06-30 | 2.76% | +0.51 pp |
| Q1 2019 | 2019-03-31 | 1.71% | −0.73 pp |
| Q4 2018 | 2018-12-31 | 2.42% | +0.31 pp |
| Q3 2018 | 2018-09-30 | 2.65% | +1.31 pp |
| Q2 2018 | 2018-06-30 | 2.25% | +1.26 pp |
| Q1 2018 | 2018-03-31 | 2.44% | +0.60 pp |
| Q4 2017 | 2017-12-31 | 2.11% | +1.83 pp |
| Q3 2017 | 2017-09-30 | 1.33% | +0.46 pp |
| Q2 2017 | 2017-06-30 | 0.99% | +1.98 pp |
| Q1 2017 | 2017-03-31 | 1.84% | +2.31 pp |
| Q4 2016 | 2016-12-31 | 0.28% | +0.67 pp |
| Q3 2016 | 2016-09-30 | 0.87% | −0.44 pp |
| Q2 2016 | 2016-06-30 | −0.99% | −1.36 pp |
| Q1 2016 | 2016-03-31 | −0.48% | −2.13 pp |
| Q4 2015 | 2015-12-31 | −0.38% | −2.61 pp |
| Q3 2015 | 2015-09-30 | 1.32% | −2.30 pp |
| Q2 2015 | 2015-06-30 | 0.37% | −3.36 pp |
| Q1 2015 | 2015-03-31 | 1.65% | −1.36 pp |
| Q4 2014 | 2014-12-31 | 2.23% | −1.12 pp |
| Q3 2014 | 2014-09-30 | 3.61% | +0.17 pp |
| Q2 2014 | 2014-06-30 | 3.72% | −0.07 pp |
| Q1 2014 | 2014-03-31 | 3.01% | −1.46 pp |
| Q4 2013 | 2013-12-31 | 3.35% | −2.02 pp |
| Q3 2013 | 2013-09-30 | 3.44% | −0.55 pp |
| Q2 2013 | 2013-06-30 | 3.79% | −1.85 pp |
| Q1 2013 | 2013-03-31 | 4.47% | −0.78 pp |
| Q4 2012 | 2012-12-31 | 5.38% | +1.15 pp |
| Q3 2012 | 2012-09-30 | 4.00% | −2.62 pp |
| Q2 2012 | 2012-06-30 | 5.64% | −1.21 pp |
| Q1 2012 | 2012-03-31 | 5.24% | −0.53 pp |
| Q4 2011 | 2011-12-31 | 4.23% | −0.88 pp |
| Q3 2011 | 2011-09-30 | 6.62% | +2.89 pp |
| Q2 2011 | 2011-06-30 | 6.85% | +1.30 pp |
| Q1 2011 | 2011-03-31 | 5.77% | +0.91 pp |
| Q4 2010 | 2010-12-31 | 5.11% | +1.74 pp |
| Q3 2010 | 2010-09-30 | 3.73% | −0.56 pp |
| Q2 2010 | 2010-06-30 | 5.55% | +3.56 pp |
| Q1 2010 | 2010-03-31 | 4.86% | +2.76 pp |
| Q4 2009 | 2009-12-31 | 3.36% | — |
| Q3 2009 | 2009-09-30 | 4.29% | — |
| Q2 2009 | 2009-06-30 | 1.99% | — |
| Q1 2009 | 2009-03-31 | 2.11% | — |
Chevron return on equity trends
Over the last five fiscal years, Chevron's return on equity increased from −4.02% to 7.26%, a change of +11.28 percentage points. The latest reported quarter, Q2 2026, shows 6.46%.
About the metric
What return on equity (ROE) means
Return on equity (ROE) measures how much net income a company generates relative to shareholders’ equity. It can help evaluate how efficiently equity capital is used, but unusually high or negative values may reflect leverage, losses, or a small equity base.
Calculation and source
How return on equity is calculated
TickerStat calculates ROE as SEC-reported net income divided by average stockholders’ equity at the beginning and end of the fiscal period. Periods with missing or non-positive average equity are omitted. Quarterly ROE uses quarterly net income and is not annualized. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Chevron source filings ↗Community posts
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