Filing Flows › Chevron (CVX) › Q2 2026 › vs Q2 2025
Chevron (CVX) Q2 2026 vs Q2 2025 (year over year)
Chevron's revenue rose $25.2B (+56%) from $44.8B in Q2 2025 to $70.1B in Q2 2026. Operating margin 23.8% against 9.3% (+14.6 pts).
Chevron, Q2 2026: revenue $70.1B (+56% year over year), operating margin 23.8%, net earnings $12.1B, operating cash flow $22.6B. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 23.8% | 9.3% | +14.6 pts |
| Net margin | 17.2% | 5.6% | +11.7 pts |
| Free cash flow margin | 25.8% | 10.9% | +15.0 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $70.1B | $44.8B | $25.2B | +56% |
| Operating profit | $16.7B | $4.1B | $12.5B | +302% |
| Costs & expenses | $53.4B | $40.7B | $12.7B | +31% |
| Pre-tax earnings | $16.7B | $4.1B | $12.5B | +302% |
| Cost of revenue | $36.6B | $26.9B | $9.7B | +36% |
| SG&A | $1.3B | $889M | $425M | +48% |
| Other operating costs | $15.4B | $12.9B | $2.5B | +20% |
| Net earnings | $12.1B | $2.5B | $9.6B | +385% |
| Minority interests | $142M | $25.0M | $117M | +468% |
| Income tax | $4.5B | $1.6B | $2.8B | +174% |
| Depreciation & amortization | $6.1B | $4.3B | $1.7B | +40% |
| Working capital & other | $4.5B | $1.7B | $2.7B | +157% |
| Operating cash flow | $22.6B | $8.6B | $14.1B | +164% |
| Free Cash Flow (company-reported) | $18.1B | $4.9B | $13.2B | +272% |
| Capital expenditures | $4.5B | $3.7B | $826M | +22% |
Questions
How much did Chevron's revenue grow year over year in Q2 2026?
Chevron's revenue rose $25.2B (+56%) from $44.8B in Q2 2025 to $70.1B in Q2 2026. Operating margin 23.8% against 9.3% (+14.6 pts).