Chevron is an oil company based in Texas. It produces oil and gas in the US, Australia, Kazakhstan and other countries, runs refineries and gas stations and makes lubricants and chemicals. The acquisition of Hess added a stake in oil fields off Guyana. As of Oct 13, 2026
As of Oct 13, 2026Fact sheet (from the annual report)Petroleum refining · Houston, USAfull fact sheet
Through subsidiaries and affiliates, Chevron operates in integrated energy and chemicals businesses. Production (upstream) mainly comprises exploration, development, production and transport of crude oil and natural gas as well as liquefaction and transport of liquefied natural gas (LNG). Processing and marketing (downstream) mainly comprise refining crude oil into petroleum products and making renewable fuels and commodity petrochemicals. It has its own refineries in Pasadena and Pascagoula, among other places, and also holds stakes in refineries in Singapore, South Korea and Thailand. The group markets petroleum products under several main brands in many parts of the world and also holds a stake in Chevron Phillips Chemical (CPChem).
Our own calculation from the exchange’s daily candles, as of Oct 26, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Gap with volume · Analysis method
The price of CVX is currently in no zone of this method. The check runs daily after the market close.
Whether a price will soon reach a zone, you see from Watcher. Plans and pricing
How the zone is formed
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
Buy zone: from the start of the gap to the close of the gap day. Stop: just below the low of the gap day. Targets: 3 and 5 ATR (normal daily ranges) above the close of the gap day.
The pattern is valid for at most 15 trading days and expires if the price falls below the stop. This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
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SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and margin
Chevron Corporation · Sector Energy · amounts in USD
Information only – does not affect our buy zones, not investment advice. Source: SEC filings, As of Feb 24, 2026.
In short
Light green: Revenue grew over 5 years (+14.8% per year), at least as fast as the sector median.
Light yellow: Net margin 6.5%, below the sector median (11.0%).
Light red: Profit in 8 of 10 fiscal years.
Light red: Dividend higher than earnings.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
RevenueNet incomeNet margin (below)in USD
−100B0100B200B300B
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 114.5B USD · Net income −497.0M USD · Net margin −0.4%
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 141.7B USD · Net income 9.2B USD · Net margin 6.5%
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 166.3B USD · Net income 14.8B USD · Net margin 8.9%
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 146.5B USD · Net income 2.9B USD · Net margin 2.0%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 94.7B USD · Net income −5.5B USD · Net margin −5.9%
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 162.5B USD · Net income 15.6B USD · Net margin 9.6%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 246.3B USD · Net income 35.5B USD · Net margin 14.4%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 200.9B USD · Net income 21.4B USD · Net margin 10.6%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 202.8B USD · Net income 17.7B USD · Net margin 8.7%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 189.0B USD · Net income 12.3B USD · Net margin 6.5%
Margin
−0%6%9%2%−6%10%14%11%9%7%
RevenueNet incomeNet margin (below)in USD
020B40B60B80B
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 54.1B USD · Net income 6.5B USD · Net margin 12.1%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 47.2B USD · Net income 2.3B USD · Net margin 4.8% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 48.7B USD · Net income 5.5B USD · Net margin 11.3%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 51.2B USD · Net income 4.4B USD · Net margin 8.7%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 50.7B USD · Net income 4.5B USD · Net margin 8.9%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 52.2B USD · Net income 3.2B USD · Net margin 6.2% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 47.6B USD · Net income 3.5B USD · Net margin 7.4%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 44.8B USD · Net income 2.5B USD · Net margin 5.6%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 49.7B USD · Net income 3.5B USD · Net margin 7.1%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 46.9B USD · Net income 2.8B USD · Net margin 5.9% · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 48.6B USD · Net income 2.2B USD · Net margin 4.5%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 70.1B USD · Net income 12.1B USD · Net margin 17.2%
Margin
12%5%11%9%9%6%7%6%7%6%5%17%
Earnings per shareUSD per share
−1001020
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share −0.27 USD
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 4.85 USD
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 7.74 USD
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 1.54 USD
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −2.96 USD
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 8.14 USD
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 18.28 USD
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 11.36 USD
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 9.72 USD
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 6.63 USD
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.11 USD
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 6.11 USD
Dividend per sharePayout ratio (below)USD per share
02.004.006.008.00
2016Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share not available · Payout ratio not available
2017Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share not available · Payout ratio not available
2018Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share not available · Payout ratio not available
2019Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 4.76 USD · Payout ratio 309.1%
2020Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 5.16 USD · Payout ratio not available
2021Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 5.31 USD · Payout ratio 65.2%
2022Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 5.68 USD · Payout ratio 31.1%
2023Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 6.04 USD · Payout ratio 53.2%
2024Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 6.52 USD · Payout ratio 67.1%
2025Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 6.84 USD · Payout ratio 103.2%
Ratio
309%65%31%53%67%103%
Dividend per sharePayout ratio (below)USD per share
00.501.001.502.00
Q3/23Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 1.51 USD · Payout ratio 43.4%
Q4/23Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 1.51 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/24Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 1.63 USD · Payout ratio 54.9%
Q2/24Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 1.63 USD · Payout ratio 67.1%
Q3/24Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 1.63 USD · Payout ratio 65.7%
Q4/24Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 1.63 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/25Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 1.71 USD · Payout ratio 85.5%
Q2/25Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 1.71 USD · Payout ratio 117.9%
Q3/25Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 1.71 USD · Payout ratio 94.0%
Q4/25Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 1.71 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
Q1/26Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.78 USD · Payout ratio 160.4%
Q2/26Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.78 USD · Payout ratio 29.1%
Ratio
43%55%67%66%86%118%94%160%29%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 189.0B USD · Net income 12.3B USD · Net margin 6.5%
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 22 symbols in the Energy sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light green: above sector
+14.8%per year, last 5 years
Sector Energy: median +14.8% (21 symbols)
What does this mean? Revenue: over 5 years it grew by 14.8% per year on average – at least as fast as the median company in the sector (+14.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth
Light gray: not computable
–per year, last 5 years
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
What does this mean? Of every 100 USD in revenue, 6.51 USD remained as profit – less than the median company in the sector (11.0%). Five years ago the margin was −5.9%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth
Light gray: not available
–latest balance sheet
Sector Energy: median 0.35 (13 symbols)
What does this mean? No usable figure: reported financial debt or positive equity for the same balance sheet date is missing.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth
Light red: above earnings
103%Dividend / earnings per share
Sector Energy: median 55% (16 symbols)
What does this mean? The payout was higher than the earnings per share; it is paid from cash flow, from reserves or with new debt. Median company in the sector: 55%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin
Light red: 2 loss years
8 of 10fiscal years with a profit
What does this mean? In 8 of the last 10 fiscal years the bottom line showed a profit. 2 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
Last fiscal year and 13F
Information, not a trading signal · Source: SEC EDGAR
Revenue (FY)
189.0B USD
Revenue vs. prior year
−6.8%
Net income (FY)
12.3B USD
Net income vs. prior year
−30.4%
EPS (FY)
6.63 USD
13F funds with a position
3 of 9
Funds vs. prior quarter
±0
Shares held vs. prior quarter
−0.6%
Fiscal year to Dec 31, 2025 · 10-K filed Feb 24, 2026 · Price-based figures (P/E, P/S, dividend yield, market cap) only when logged in. · Values as first reported; debt = reported financial debt (US GAAP: long-term).13F: reporting date Jun 30, 2026, 9 tracked funds have filed (latest Aug 14, 2026), filed with up to 45 days of delay. Stock positions only; comparison with Mar 31, 2026 only across funds that filed for both quarters.
All figures as a table
Fiscal years (amounts in USD, per share in USD)
Year
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
2025
Dec 31, 2025
189.0B
12.3B
6.5%
6.63
6.84
103%
2024
Dec 31, 2024
202.8B
17.7B
8.7%
9.72
6.52
67%
2023
Dec 31, 2023
200.9B
21.4B
10.6%
11.36
6.04
53%
2022
Dec 31, 2022
246.3B
35.5B
14.4%
18.28
5.68
31%
2021
Dec 31, 2021
162.5B
15.6B
9.6%
8.14
5.31
65%
2020
Dec 31, 2020
94.7B
−5.5B
−5.9%
−2.96
5.16
–
2019
Dec 31, 2019
146.5B
2.9B
2.0%
1.54
4.76
309%
2018
Dec 31, 2018
166.3B
14.8B
8.9%
7.74
–
–
2017
Dec 31, 2017
141.7B
9.2B
6.5%
4.85
–
–
2016
Dec 31, 2016
114.5B
−497.0M
−0.4%
−0.27
–
–
Quarters (amounts in USD, per share in USD)
Quarter
End
Revenue
Net income
Margin
Earnings per share
Dividend per share
Payout
Q2/26
Jun 30, 2026
70.1B
12.1B
17.2%
6.11
1.78
29%
Q1/26
Mar 31, 2026
48.6B
2.2B
4.5%
1.11
1.78
160%
Q4/25*
Dec 31, 2025
46.9B
2.8B
5.9%
–
1.71
–
Q3/25
Sep 30, 2025
49.7B
3.5B
7.1%
1.82
1.71
94%
Q2/25
Jun 30, 2025
44.8B
2.5B
5.6%
1.45
1.71
118%
Q1/25
Mar 31, 2025
47.6B
3.5B
7.4%
2.00
1.71
86%
Q4/24*
Dec 31, 2024
52.2B
3.2B
6.2%
–
1.63
–
Q3/24
Sep 30, 2024
50.7B
4.5B
8.9%
2.48
1.63
66%
Q2/24
Jun 30, 2024
51.2B
4.4B
8.7%
2.43
1.63
67%
Q1/24
Mar 31, 2024
48.7B
5.5B
11.3%
2.97
1.63
55%
Q4/23*
Dec 31, 2023
47.2B
2.3B
4.8%
–
1.51
–
Q3/23
Sep 30, 2023
54.1B
6.5B
12.1%
3.48
1.51
43%
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: Glossary
Insider purchases and sales on the market over 3, 6 and 12 months
Period
Purchases
Sales
Net
3 months
$00 people
$238.4M5 people
−$238.4M
6 months
$00 people
$347.8M5 people
−$347.8M
12 months
$00 people
$646.6M9 people
−$646.6M
Latest transactions
Oct 20, 2026Pate R. HewittOfficerOpen-market sale · 10b5-1 plan40,700 shares · $9.2M · SEC
Oct 19, 2026Pate R. HewittOfficerOpen-market sale · 10b5-1 plan2,400 shares · $541.5K · SEC
Aug 18, 2026Pate R. HewittOfficerOpen-market sale2,470 shares · $506.6K · SEC
Aug 17, 2026Walz Andrew BenjaminOfficerOpen-market sale16,800 shares · $3.4M · SEC
Aug 14, 2026Wirth Michael KChief executive (CEO), DirectorOpen-market sale10,311 shares · $2.1M · SEC
Aug 14, 2026Wirth Michael KChief executive (CEO), DirectorOpen-market sale306,789 shares · $61.5M · SEC
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +80
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+0
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)31.2
Rel. strength 60 d+15.0%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.