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Chevron Corporation · CVX

How Chevron makes money

Chevron brought in $189 billion in revenue in 2025 and kept $12.3 billion as profit: $6.51 of every $100.

From Chevron's Form 10-K for the year ended December 31, 2025. Page updated November 8, 2026.

Revenue$189 billion2025
Net profit$12.3 billion$6.51 of every $100
Research and development$427 million0.2% of revenue

Out of every $100 Chevron took in, it kept

$6.51profit
$0$100 in sales

6 years of Chevron's revenue and profit.

2020-$5.5B2021$15.6B2022$35.5B2023$21.4B2024$17.7B2025$12.3B
Revenue (on top of each bar)Net profit (under each year)

Fiscal years as Chevron reports them; the latest ended December 31, 2025. Profit is net income.

Quick answers about Chevron.

How does Chevron make money?

Chevron finds and pumps oil and gas, and refines and sells fuel and lubricants.

How much money does Chevron make a year?

$189 billion in revenue in 2025, and $12.3 billion in net profit. That's down 7% from the year before.

Is Chevron profitable?

Yes. Chevron made $12.3 billion in net profit in 2025, which is $6.51 of every $100 it took in. It lost money in 2020.

Is Chevron growing?

Yes. Revenue went from $94.7 billion in 2020 to $189 billion in 2025, up 100%.

Compare Chevron.

Source: Chevron Corporation, annual report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 24, 2026.

Revenue, profit and the breakdowns are the numbers the company reported in that filing (its XBRL data). Profit means net income; "operating profit" means operating income. Nothing on this page is estimated.