What is the primary revenue source for Chevron (CVX)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze CVX's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Chevron's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Chevron Makes Money: CVX Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Insufficient data

Current data explains this period's structure but is insufficient for a year-over-year conclusion.

The largest revenue segment accounts for 96.67% of revenue, indicating concentration.

Revenue: USD 118.66B
Largest revenue segment share (Reportable Segment, Aggregation before Other Operating): 96.67%
Cost of revenue: USD 64.87B
Income tax expense: USD 6.12B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Income tax expenseIncome tax expense (benefit) · IncomeTaxExpenseBenefit
Largest revenue segment share (Reportable Segment, Aggregation before Other Operating)Reportable Segment, Aggregation before Other Operating · segment_value / revenue * 100
RevenueTotal revenues and other income · Revenues
Cost of revenueCost of product and service sold · CostOfGoodsAndServicesSold

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Property, plant and equipment: USD 215.94B
Accounts receivable: USD 24.57B
Inventory: USD 10.52B
Total liabilities: USD 134.58B
Shareholder equity: USD 195.56B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Property, plant and equipmentProperties, plant and equipment, net · PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
Shareholder equityTotal cusa net equity · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesTotal liabilities · Liabilities
InventoryTotal inventories · InventoryNet
Accounts receivableAccounts and financing receivable, after allowance for credit loss, current · AccountsNotesAndLoansReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 176.07% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 14.28B
Operating cash flow: USD 25.15B
Cash conversion: 176.07%
Free cash flow: USD 16.55B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income (loss) attributable to chevron corporation · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 7.03B
Net shareholder return: USD 7.03B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?