Chevron Corporation

CVXNYSEEnergy● Active

$187.31

$-1.04(-0.55%)

Market Cap$373.0B

P/E Ratio—

52W High$214.71

52W Low$136.7

Avg Volume12.1M

Open$189.06

Beta0.47

Free Cash Flow Financials Revenue

Chevron Corporation (CVX) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

CVX · free cash flow · updated Jun 8, 2026

Core FCF metrics

CVX · FCF · TTM · margin & CAGR

Free cash flow was $16.59B for FY2025 (fiscal year ending 2025-12-31), up 10.3% year-over-year The FCF margin was 9.0%. Five-year CAGR stands at +58.1%.

FY2025 Free Cash Flow$16.59B▲ +10.3% YoY

Trailing 12M (TTM)$13.37Btrailing 4 quarters sum

FCF Margin9.0%$16.59B ÷ revenue

3-Year CAGR-23.9%FY2022 → FY2025

5-Year CAGR+58.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

CVX · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$33.94B(17.35B)$16.59B▲ +10.3%9.0%

FY2024$31.49B(16.45B)$15.04B▼ 23.9%7.8%

FY2023$35.61B(15.83B)$19.78B▼ 47.4%10.1%

FY2022$49.60B(11.97B)$37.63B▲ +78.4%16.0%

FY2021$29.19B(8.10B)$21.09B▲ +1157.4%13.6%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

CVX · P/FCF · FCF yield · FCF per share

Chevron Corporation (CVX) trades at a FCF yield of 3.58% and a price-to-free-cash-flow ratio of 25.9x. FCF per share stands at $7.23, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.58%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$7.23

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.9

Share Price ÷ FCF per Share

EV / FCF (TTM)

x30.9

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

CVX · cash flow statement · operating / investing / financing

For FY2025, Chevron Corporation generated $33.94B in operating cash flow and spent 17.35B in capital expenditures, yielding $16.59B in free cash flow.

Operating Activities

+$33.94B

Cash from core business operations

2025-12-31

Investing Activities

−$15.91B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$19.06B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($33.94B) − |CapEx| (17.35B) = FCF ($16.59B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Energy)

CVX vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Chevron CorporationYOU

CVX

$16.59B+10.3%9.0%

70%

Exxon Mobil Corporation

Energy · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Chevron Corporation (CVX) reported free cash flow of $16.59B for FY2025 (fiscal year ending 2025-12-31), up 10.3% year-over-year. The FCF margin was 9.0%.

Based on available data, Chevron Corporation has maintained positive free cash flow for at least 11 fiscal year(s). FCF peaked at $37.63B in FY2022. The 5-year CAGR stands at +58.1%.

Chevron Corporation's FCF yield is 3.58% and price-to-FCF ratio is 25.9x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

CVX free cash flow · 8 questions

Chevron Corporation free cash flow was $16.59B for FY2025, up 10.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $13.37B.

CVX free cash flowCVX FCFCVX FCF 2025CVX free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Chevron Corporation · Chevron Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026