Chevron Corp (CVX) FY2026 Q1 P&L / Income Statement

Chevron Corp (CVX) FY2026 Q1 P&L / Income Statement

Income statement for 2026-01-01 through 2026-03-31. View: Revenue categories. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Total Revenues and Other Income

48,607,000,000 US dollars

Purchased crude oil and products

28,265,000,000 US dollars

Gross profit (calculated)

20,342,000,000 US dollars

Total operating expenses (calculated)

16,396,000,000 US dollars

Operating profit (calculated)

3,946,000,000 US dollars

Other income (expense), net (calculated)

0 US dollars

Income (Loss) Before Income Tax Expense

3,946,000,000 US dollars

Income Tax Expense (Benefit)

1,653,000,000 US dollars

Net Income (Loss)

2,293,000,000 US dollars

Income (loss) from equity affiliates

745,000,000 US dollars

Other income (loss)

306,000,000 US dollars

Sales and other operating revenues

47,556,000,000 US dollars

Operating expenses

7,676,000,000 US dollars

Selling, general and administrative expenses

1,066,000,000 US dollars

Exploration expenses

205,000,000 US dollars

Depreciation, depletion and amortization

5,808,000,000 US dollars

Taxes other than on income

1,314,000,000 US dollars

Interest and debt expense

345,000,000 US dollars

Other components of net periodic benefit costs

negative 18,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to Chevron Corp: $2.21 B; to noncontrolling interests: $83.00 M.