CHEVRON CORP

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

CVX$211.22+0.2%Stored close · as of Nov 10, 2026

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Contents

Key Financial Results Earnings by Major Operating Area

Millions of dollars, except per-share amounts	2025	2024	2023
Net Income (Loss) Attributable to Chevron Corporation	$12,299	$17,661	$21,369
Per Share Amounts:
Net Income (Loss) Attributable to Chevron Corporation
– Basic	$6.65	$9.76	$11.41
– Diluted	$6.63	$9.72	$11.36
Dividends	$6.84	$6.52	$6.04
Sales and Other Operating Revenues	$184,432	$193,414	$196,913
Return on:
Capital Employed	6.6%	10.1%	11.9%
Stockholders’ Equity	7.3%	11.3%	13.3%
Earnings by Major Operating Area
Millions of dollars	2025	2024	2023
Upstream
United States	$5,815	$7,602	$4,148
International	7,007	11,000	13,290
Total Upstream	12,822	18,602	17,438
Downstream
United States	1,375	531	3,904
International	1,647	1,196	2,233
Total Downstream	3,022	1,727	6,137
All Other	(3,545)	(2,668)	(2,206)
Net Income (Loss) Attributable to Chevron Corporation1,2	$12,299	$17,661	$21,369
1 Includes foreign currency effects:	$(469)	$520	$(224)
2 Income net of tax, also referred to as “earnings” in the discussions that follow.

Refer to the Results of Operations section for a discussion of financial results by major operating area for the three years ended December 31, 2025. Throughout the document, certain totals and percentages may not sum to their component parts due to rounding.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.