Chevron Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	183,510	192,477	195,985	234,526	154,840
Other Revenue	1,144	3,091	-1,186	1,390	227
Revenue	184,654	195,568	194,799	235,916	155,067
Revenue Growth (YoY)	-5.58%	0.40%	-17.43%	52.14%	64.96%
Cost of Revenue	107,292	118,269	118,268	144,225	91,483
Gross Profit	77,362	77,299	76,531	91,691	63,584
Selling, General & Admin	33,444	32,493	29,240	29,321	25,428
Other Operating Expenses	5,237	4,710	4,267	4,022	4,009
Operating Expenses	59,731	54,980	49,567	49,686	47,497
Operating Income	17,631	22,319	26,964	42,005	16,087
Interest Expense	-1,217	-594	-469	-516	-712
Earnings From Equity Investments	3,000	4,596	5,131	8,585	5,657
EBT Excluding Unusual Items	19,414	26,321	31,626	50,074	21,032
Gain (Loss) on Sale of Assets	462	1,685	138	550	1,021
Asset Writedown	-133	-500	-2,180	-950	-414
Pretax Income	19,743	27,506	29,584	49,674	21,639
Income Tax Expense	7,258	9,757	8,173	14,066	5,950
Earnings From Continuing Operations	12,485	17,749	21,411	35,608	15,689
Minority Interest in Earnings	-186	-88	-42	-143	-64
Net Income	12,299	17,661	21,369	35,465	15,625
Net Income to Common	12,299	17,661	21,369	35,465	15,625
Net Income Growth	-30.36%	-17.35%	-39.75%	126.98%	-
Shares Outstanding (Basic)	1,849	1,810	1,873	1,931	1,916
Shares Outstanding (Diluted)	1,856	1,817	1,880	1,940	1,920
Shares Change (YoY)	2.15%	-3.35%	-3.09%	1.04%	2.67%
EPS (Basic)	6.65	9.76	11.41	18.37	8.16
EPS (Diluted)	6.63	9.72	11.36	18.28	8.14
EPS Growth	-31.79%	-14.44%	-37.86%	124.57%	-
Free Cash Flow	16,592	15,044	19,780	37,628	21,131
Free Cash Flow Per Share	8.94	8.28	10.52	19.40	11.01
Dividend Per Share	6.840	6.520	6.040	5.680	5.310
Dividend Growth	4.91%	7.95%	6.34%	6.97%	2.91%
Gross Margin	41.90%	39.52%	39.29%	38.87%	41.00%
Operating Margin	9.55%	11.41%	13.84%	17.80%	10.37%
Profit Margin	6.66%	9.03%	10.97%	15.03%	10.08%
Free Cash Flow Margin	8.98%	7.69%	10.15%	15.95%	13.63%
EBITDA	37,631	39,101	42,177	57,447	33,632
EBITDA Margin	20.38%	19.99%	21.65%	24.35%	21.69%
D&A For EBITDA	20,000	16,782	15,213	15,442	17,545
EBIT	17,631	22,319	26,964	42,005	16,087
EBIT Margin	9.55%	11.41%	13.84%	17.80%	10.37%
Effective Tax Rate	36.76%	35.47%	27.63%	28.32%	27.50%
Revenue as Reported	189,031	202,792	200,949	246,252	162,465

Source: S&P Global Market Intelligence. Standard template. Financial Sources.