CHEVRON CORP

CVX 10-Q · Q1 2026

CVX Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 48,607 47,610 +2.1%
Show Business Segments breakouts
All Other Segments 129 398 -67.6%
All Other Segments · Intersegment Elimination -115 85 -235.3%
Downstream · Non Us -1,935 63 -3171.4%
Downstream · Non Us 17,942 16,823 +6.7%
Downstream · US -6,883 -6,978 +1.4%
Downstream · US 16,576 17,016 -2.6%
Reportable Segment Aggregation Before Other Operating Segment · Intersegment Elimination 115 -85 +235.3%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 48,478 47,212 +2.7%
Upstream · Non Us 2,687 369 +628.2%
Upstream · Non Us 7,840 8,952 -12.4%
Upstream · US 6,246 6,461 -3.3%
Upstream · US 6,120 4,421 +38.4%
Revenue 47,556 46,101 +3.2%
Show Business Segments breakouts
All Other Segments 14 19 -26.3%
All Other Segments · Intersegment Elimination -102 -101 -1.0%
All Other Segments · Operating Segments 116 120 -3.3%
Downstream · Non Us -543 -422 -28.7%
Downstream · Non Us 18,493 17,266 +7.1%
Downstream · Non Us 17,950 16,844 +6.6%
Downstream · US -2,388 -1,888 -26.5%
Downstream · US 18,801 18,705 +0.5%
Downstream · US 16,413 16,817 -2.4%
Reportable Segment Aggregation Before Other Operating Segment 47,542 46,082 +3.2%
Reportable Segment Aggregation Before Other Operating Segment · Intersegment Elimination -14,607 -11,375 -28.4%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 62,149 57,457 +8.2%
Upstream · Non Us -4,921 -1,953 -152.0%
Upstream · Non Us 12,013 9,971 +20.5%
Upstream · Non Us 7,092 8,018 -11.5%
Upstream · US -6,755 -7,112 +5.0%
Upstream · US 12,842 11,515 +11.5%
Upstream · US 6,087 4,403 +38.2%
Show Legal Entity breakouts
Chevron U.S.A. Inc. 37,307 34,983 +6.6%
Show Consolidation Items breakouts
Intersegment Elimination -14,709 -11,476 -28.2%
Operating Segments 62,265 57,577 +8.1%
Show Equity Method Investment Nonconsolidated Investee breakouts
Tengizchevroil LLP 4,082 5,247 -22.2%
Cost of Revenue 28,265 28,610 -1.2%
Show Business Segments breakouts
Downstream · Non Us 14,854 14,637 +1.5%
Downstream · US 6,495 7,262 -10.6%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 28,265 28,610 -1.2%
Upstream · Non Us 3,172 2,802 +13.2%
Upstream · US 3,744 3,909 -4.2%
Cost of Revenue (Q)
Show Equity Method Investment Nonconsolidated Investee breakouts
Tengizchevroil LLP 2,967 4,032 -26.4%
Total Costs & Expenses 44,661 42,027 +6.3%
Show Business Segments breakouts
All Other Segments 1,054 1,106 -4.7%
Downstream · Non Us 17,129 16,537 +3.6%
Downstream · US 9,485 9,930 -4.5%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 43,607 40,921 +6.6%
Upstream · Non Us 7,432 6,013 +23.6%
Upstream · US 9,561 8,441 +13.3%
Show Legal Entity breakouts
Chevron U.S.A. Inc. 38,467 33,683 +14.2%
Selling, General & Administrative 1,066 1,221 -12.7%
Interest Income (Q)
Show Business Segments breakouts
All Other Segments 50 69 -27.5%
Income Tax Expense (Benefit) 1,653 2,071 -20.2%
Show Business Segments breakouts
All Other Segments -158 -40 -295.0%
Downstream · Non Us -144 122 -218.0%
Downstream · US 12 5 +140.0%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 1,811 2,111 -14.2%
Upstream · Non Us 1,297 1,406 -7.8%
Upstream · US 646 578 +11.8%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment · Reclassification Out Of Accumulated Other Comprehensive Income 9
Net Income 2,293 3,512 -34.7%
Show Equity Components breakouts
Noncontrolling Interest 83 12 +591.7%
Parent 2,210 3,500 -36.9%
Retained Earnings 2,210 3,500 -36.9%
Show Equity Method Investment Nonconsolidated Investee breakouts
Tengizchevroil LLP 804 879 -8.5%
Net Income 2,210 3,500 -36.9%
Show Business Segments breakouts
All Other Segments -882 -583 -51.3%
Downstream · Non Us -1,013 222 -556.3%
Downstream · US 196 103 +90.3%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 3,092 4,083 -24.3%
Upstream · Non Us 1,797 1,900 -5.4%
Upstream · US 2,112 1,858 +13.7%
Show Legal Entity breakouts
Chevron U.S.A. Inc. -898 1,111 -180.8%
Comprehensive Income 2,081 3,551 -41.4%
EPS (Basic) 1.12 2.01 -44.3%
EPS (Diluted) 1.11 2 -44.5%
Wtd Avg Shares (Basic) 1,980,146 1,744,628 +13.5%
Wtd Avg Shares (Diluted) 1,985,900 1,751,441 +13.4%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments 3,946 5,583 -29.3%
Net Income Loss Attributable To Noncontrolling Interest 83 12 +591.7%
Show Business Segments breakouts
Downstream · Non Us 35 5 +600.0%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 83 12 +591.7%
Upstream · Non Us 1 2 -50.0%
Upstream · US 47 5 +840.0%
Income Loss From Equity Method Investments -745 -820 +9.1%
Interest Expense (Q)
Show Business Segments breakouts
All Other Segments -310 192 -261.5%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Accounts Receivable 22.2 17.2 +29.1%
Inventory 10,554 9,167 +15.1%
Total Current Assets 46,160
Show Legal Entity breakouts
Chevron U.S.A. Inc. 24,722
Non-Current Assets
Goodwill 4,568
Show Business Segments breakouts
Downstream · Operating Segments 352
Upstream · Operating Segments 4,216
Other Non-Current Assets 16,453 15,011 +9.6%
Total Assets 329,551
Show Business Segments breakouts
Downstream · Non Us 26,275
Downstream · Operating Segments 61,517
Downstream · US 34,890
Upstream · Non Us 168,234
Upstream · Operating Segments 256,999
Upstream · US 84,549
Show Geography breakouts
Non Us 196,699
Non Us · Material Reconciling Items 2,190
US 128,284
US · Material Reconciling Items 8,845
Show Consolidation Items breakouts
Material Reconciling Items 11,035
Operating Segments 318,516
Current Liabilities
Accounts Payable 23,181 20,878 +11.0%
Accrued Liabilities 10,349 8,374 +23.6%
Total Current Liabilities 42,176
Show Legal Entity breakouts
Chevron U.S.A. Inc. 31,510
Non-Current Liabilities
Long-Term Debt (Q)
Show Fair Value By Measurement Basis breakouts
Carrying Reported Amount Fair Value Disclosure 27
Estimate Of Fair Value Fair Value Disclosure 26.8
Deferred Tax Liabilities 29,945 19,594 +52.8%
Total Liabilities 140,180 106,317 +31.9%
Stockholders' Equity
Common Stock 1,832 1,832 0.0%
Retained Earnings 204,039 206,359 -1.1%
Accumulated Other Comprehensive Income -2,593 -2,709 +4.3%
Total Stockholders' Equity 183,715 149,244 +23.1%
Total Liabilities & Equity 329,551 256,397 +28.5%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Depreciation & Amortization 5,808 4,123 +40.9%
Show Business Segments breakouts
All Other Segments 66 87 -24.1%
Downstream · Non Us 73 74 -1.4%
Downstream · US 258 242 +6.6%
Reportable Segment Aggregation Before Other Operating Segment · Operating Segments 5,742 4,036 +42.3%
Upstream · Non Us 2,524 1,697 +48.7%
Upstream · US 2,887 2,023 +42.7%
Other Non-Cash Items -382 -534 +28.5%
Change in Inventory -843 -201 -319.4%
Change in Prepaid & Other Assets -488 -769 +36.5%
Net Cash from Operations 2,514 5,189 -51.6%
Investing Activities
Net Cash from Investing -3,012 -5,618 +46.4%
Financing Activities
Share Repurchases -2,572 -3,917 +34.3%
Net Cash from Financing -448 -1,664 +73.1%
Supplemental
Interest Paid 292 124 +135.5%
Other Cash Flow
Net Change in Cash -969 -2,096 +53.8%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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