CHEVRON CORP Gross Profit 2016-2025 | CVX
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What is gross profit?
Gross profit can be defined as revenue minus the cost of goods sold, representing the profit a company makes before deducting operating expenses.
What is CHEVRON CORP's current gross profit?
CHEVRON CORP (CVX) annual gross profit for 2024 was $74.21B, a 4.52% decline from 2023. CHEVRON CORP gross profit for the quarter ending September 30, 2025 was $20.77B.
What was CHEVRON CORP's gross profit in 2023?
CHEVRON CORP annual gross profit for 2023 was $77.72B, a 13.94% decline from 2022.
What was CHEVRON CORP's gross profit in 2022?
CHEVRON CORP annual gross profit for 2022 was $90.30B, a 42.53% increase from 2021.
What is CHEVRON CORP's 5-year gross profit CAGR?
CHEVRON CORP gross profit grew at a compound annual growth rate (CAGR) of 4.43% from FY2019 to FY2024, going from $59.75B to $74.21B over 5 years.
Gross Profit History
Year-over-year comparison from 10-K annual reports
Key Statistics
Trend Direction
Declining
CAGR+4.4%
FY2019
$59.75B
→
FY2024
$74.21B
161718192021222324
5 years selected
Gross Profit History
| Period | Value | Change | Source |
|---|---|---|---|
| FY2024 | $74.21B | -4.5% | 10-K |
| FY2023 | $77.72B | -13.9% | 10-K |
| FY2022 | $90.30B | +42.5% | 10-K |
| FY2021 | $63.36B | +49.7% | 10-K |
| FY2020 | $42.32B | -29.2% | 10-K |
| FY2019 | $59.75B | -7.1% | 10-K |
| FY2018 | $64.32B | +9.2% | 10-K |
| FY2017 | $58.91B | +15.7% | 10-K |
| FY2016 | $50.89B | - | 10-K |