Filing Flows › Chevron (CVX) › Operating margin
Chevron (CVX) operating margin by quarter
Chevron's operating margin was 20.1% in Q3 2026 (third quarter 2026), -3.7 pts from Q2 2026. Over the last 7 quarters it ranged from 8.1% (Q1 2026) to 23.8% (Q2 2026).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 20.1% | -3.7 pts | +9.2 pts |
| Q2 2026 | 23.8% | +15.7 pts | +14.6 pts |
| Q1 2026 | 8.1% | -1.7 pts | -3.6 pts |
| Q4 2025 | 9.8% | -1.1 pts | — |
| Q3 2025 | 10.9% | +1.6 pts | — |
| Q2 2025 | 9.3% | -2.5 pts | — |
| Q1 2025 | 11.7% | — | — |
Q3 2026 at a glance
Chevron, Q3 2026: revenue $67.8B (+36% year over year), operating margin 20.1%, net earnings $9.9B, operating cash flow $16.0B. The chart follows the revenue to costs, profit and cash.
Questions
What is Chevron's operating margin?
Chevron's operating margin was 20.1% in Q3 2026 (third quarter 2026), -3.7 pts from Q2 2026.
How has Chevron's operating margin changed?
Over the last 7 quarters it ranged from 8.1% (Q1 2026) to 23.8% (Q2 2026).