Chevron Corporation FY2025 income statement | sankey.it

CVXFY2025

Chevron Corporation

USD, fiscal year ended 2025-12-31

Operating Expenses: R&D 0% | SG&A 3% of revenue

Revenue

$184.4B-4.6%

Gross margin

30.4%+1 pts

Operating margin

9.0%-6 pts

Net margin

6.7%-2.5 pts

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Revenue segments

Downstream: $72.5B39.3%
Upstream: $45.5B24.7%
All Other Segments: $644.0M0.3%

Period history

Revenue, by year

Income statement

Line	FY2025	YoY
Revenue	$184,432,000,000	-4.6%
Cost of revenue	$128,346,000,000	-6%
Gross profit	$56,086,000,000	-1.5%
Operating expenses	$39,412,000,000	+42%
Operating income	$16,674,000,000	-43%
Other income/expense, net	$3,069,000,000	+293%
Income before tax	$19,743,000,000

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Fiscal period end: December 31, 2025
Source: Financial Modeling Prep, via the DATA project
Diagram generated: September 3, 2026