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Chevron stock: growth
CVXChevron reported $184.43B in revenue for fiscal 2025, down 4.6% on the prior year, up 14.3% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
−0.7%
per year from 2006 to 2025, per share 0.2%
Earnings (Annual rate)
−1.7%
per year from 2006 to 2025, per share −0.9%
Free cash flow (Annual rate)
2.4%
per year from 2006 to 2025, per share 3.3%
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | since 2015 | since 2006 | |
|---|---|---|---|
| Revenue | 14.3% | 3.6% | −0.7% |
| Revenue per share | 14.6% | 3.7% | 0.2% |
| Earnings | no data | 10.4% | −1.7% |
| Earnings per share | no data | 10.5% | −0.9% |
| Free cash flow | 58.2% | no data | 2.4% |
| Free cash flow per share | 58.5% | no data | 3.3% |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2006 | $210.12B | $17.14B | $10.51B |
| 2007 | $220.9B | $18.69B | $8.3B |
| 2008 | $267.64B | $23.93B | $9.97B |
| 2009 | $168.32B | $10.48B | −$470M |
| 2010 | $198.2B | $19.02B | $11.75B |
| 2011 | $244.37B | $26.9B | $14.6B |
| 2012 | $230.59B | $26.18B | $7.87B |
| 2013 | $220.16B | $21.42B | −$2.98B |
| 2014 | $200.49B | $19.24B | −$3.93B |
| 2015 | $129.93B | $4.59B | −$10.05B |
| 2016 | $110.22B | −$497M | −$5.26B |
| 2017 | $134.67B | $9.2B | $7.11B |
| 2018 | $158.9B | $14.82B | $16.8B |
| 2019 | $139.87B | $2.92B | $13.2B |
| 2020 | $94.47B | −$5.54B | $1.68B |
| 2021 | $155.61B | $15.63B | $21.09B |
| 2022 | $235.72B | $35.47B | $37.63B |
| 2023 | $196.91B | $21.37B | $19.78B |
| 2024 | $193.41B | $17.66B | $15.04B |
| 2025 | $184.43B | $12.3B | $16.59B |
Revenue by segment
How Chevron Corporation makes its money and how that has shifted. Names are as the company reports them.
- Downstream71%
- Upstream29%
- Other< 1%
“Other” combines smaller and former segments with revenue the company does not assign to a segment. Names as reported, with abbreviations spelled out for the largest companies.
Figures as a table
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Downstream | $86.75B | $106.17B | $125.6B | $107.91B | $68.08B | $111.49B | $172.31B | $151.04B | $146.43B | $130.88B | 71% |
| Upstream | $16.41B | $21.11B | $33.07B | $31.71B | $26.31B | $43.99B | $63.29B | $45.74B | $46.85B | $53.45B | 29% |
| Other | $7.05B | $7.4B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | 0% |
| Total revenue | $110.22B | $134.67B | $158.9B | $139.87B | $94.47B | $155.61B | $235.72B | $196.91B | $193.41B | $184.43B | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.