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How Chevron (CVX) makes money
Chevron (CVX) made $67.8B of revenue in the third quarter 2026 (Q3 2026), +36% from a year earlier. Of every dollar of revenue, 20¢ was left as operating profit, 15¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $67.8B | 100.0% |
| Operating profit | $13.6B | 20.1% |
| Income tax | $3.6B | 5.3% |
| Net earnings | $9.9B | 14.6% |
| Operating cash flow | $16.0B | 23.6% |
| Free cash flow | $12.0B | 17.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $67.8B | +36% |
| Q2 2026 | $70.1B | +56% |
| Q1 2026 | $48.6B | +2% |
| Q4 2025 | $46.9B | -10% |
| Q3 2025 | $49.7B | -2% |
| Q2 2025 | $44.8B | -12% |
| Q1 2025 | $47.6B | -2% |
From Chevron's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Chevron make money?
Chevron (CVX) made $67.8B of revenue in the third quarter 2026 (Q3 2026), +36% from a year earlier. Of every dollar of revenue, 20¢ was left as operating profit, 15¢ was left as net earnings.
What is Chevron's profit margin?
Net earnings were $9.9B, 14.6% of revenue, in the third quarter 2026; the operating margin was 20.1%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.