SuperworthChevron profit margin CVX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2008.
- Net margin, 12 months
- 9.9%
- Operating margin, 12 months
- 12.4%
- Net margin on a year earlier
- +2.6 pts
- Peer median
- 9.9%
Over the twelve months to Jun 30, 2026, Chevron kept 9.9% of its revenue as net profit, with an operating margin of 12.4% and a gross margin of 43.6%.
Five years earlier its net margin was 3.1%.
The median for 10 energy stocks of a similar size is 9.9%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 6.7% | 9.0% | 41.3% |
| FY2024 | 9.1% | 9.8% | 38.4% |
| FY2023 | 10.9% | 13.3% | 39.5% |
| FY2022 | 15.0% | 16.9% | 38.3% |
| FY2021 | 10.0% | 10.4% | 42.6% |
| FY2020 | −5.9% | −6.5% | 46.6% |
| FY2019 | 2.1% | 0.1% | 42.7% |
| FY2018 | 9.3% | 9.1% | 40.5% |
| FY2017 | 6.8% | 2.3% | n/a |
| FY2016 | −0.5% | −5.6% | n/a |
| FY2015 | 3.5% | −2.9% | n/a |
| FY2014 | 9.6% | 9.8% | n/a |
| FY2013 | 9.7% | 12.4% | n/a |
| FY2012 | 11.4% | 15.2% | n/a |
| FY2011 | 11.0% | 15.7% | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | 9.9% | +2.6 pts | 12.4% | |
| Q1 FY26 | 5.9% | −2.2 pts | 8.4% | |
| Q4 FY25 | 6.7% | −2.5 pts | 9.0% | |
| Q3 FY25 | 6.8% | −1.8 pts | 8.1% | |
| Q2 FY25 | 7.3% | −2.2 pts | 8.4% | |
| Q1 FY25 | 8.1% | −2.3 pts | 8.9% | |
| Q4 FY24 | 9.1% | −1.7 pts | 9.8% | |
| Q3 FY24 | 8.6% | −4.0 pts | 11.3% | |
| Q2 FY24 | 9.5% | −4.6 pts | 12.0% | |
| Q1 FY24 | 10.4% | −5.0 pts | 12.6% | |
| Q4 FY23 | 10.9% | −4.2 pts | 13.3% | |
| Q3 FY23 | 12.6% | −2.5 pts | 14.2% |
Against its peers
Companies in Energy nearest Chevron's size, closest first, today.
| Company | Profit margin |
|---|---|
| CVXChevron | 9.9% |
| XOMExxon Mobil | 9.1% |
| COPConocoPhillips | 14.7% |
| MPCMarathon Petroleum | 5.6% |
| VLOValero Energy | 5.2% |
| PSXPhillips 66 | 4.7% |
| WMBWilliams Companies | 25.2% |
| EOGEOG Resources | 25.4% |
| EPDEnterprise Products Partners | 10.8% |
| SLBSlb | 8.5% |
| KMIKinder Morgan | 19.3% |
| Peer median | 9.9% |
Where Chevron ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Chevron
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.