CVX Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), CVX reported revenue of $47.6B, gross profit of $19.3B (40.6% gross margin), operating income of $3.9B, and net income of $2.2B (4.6% net margin). The flow of revenue into costs and profit is visualized below.
What changed
CVX was profitable; revenue grew 3.9% quarter over quarter.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | +3.9% | −20.2% | −1.4 pp |
Consensus estimate data is not available for this report.
CVX Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $47.6B | 100% |
| Cost of Revenue | −$28.3B | 59.4% |
| Gross Profit | $19.3B | 40.6% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$8.7B | 18.3% |
| Other Operating Expenses | −$6.6B | 13.9% |
| Operating Income | $3.9B | 8.3% |
| Interest Expense | −$345M | 0.7% |
| Other Income, net | $1.1B | 2.2% |
| Income Tax Expense | −$1.7B | 3.5% |
| Net Income | $2.2B | 4.6% |
Source: CVX filings on SEC EDGAR (period ended 2026-03-31). Data normalized by EarningsFyi.