The financials
Chevron Corporation by the numbers
Chevron Corporation (CVX) reported revenue of $70.1B in Q2 2026 (quarter ended June 30, 2026), up 56% from the same quarter a year earlier. That came with a gross margin of 48% and net income of $12.1B (17% of revenue). For the full year FY2025, revenue was $189.0B (−6.8% year on year) and net income $12.3B. Its largest segment in 2026-Q2 was Reportable Segment Aggregation Before Other Operating at $88.6B, 67% of the disclosed total, just ahead of Downstream at 21%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $70.1B | $44.8B | +56% |
| Gross profit | $33.4B | $18.0B | +86% |
| Operating income | $16.7B | $4.15B | +302% |
| Net income | $12.1B | $2.49B | +385% |
| Diluted EPS | $6.11 | $1.45 | +321% |
| Operating | Revenue | Share |
|---|---|---|
| Reportable Segment Aggregation Before Other Operating | $88.6B | 67% |
| Downstream | $28.5B | 21% |
| Upstream | $16.0B | 12% |
| All Other | $161M | 0.1% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $133.25B (+42%)
Reportable Segment Aggregation Before Other Operating grew +57% year on yearAll Other +8.1% year on year
Segment Latestquarter on quarteryear on year
- Reportable Segment Aggregation Before Other Operating$88.62B$88.62BQoQ +43%year on year +57%+43%+57%
- Downstream$28.50B$28.50BQoQ +52%year on year +52%+52%+52%
- Upstream$15.97B$15.97BQoQ +24%year on year +54%+24%+54%
- All Other$161.0M$161.0MQoQ +39%year on year +8.1%+39%+8.1%
Oil & Gas Integrated
Ranks #13 of 13 by Smart Score