Chevron Corporation

Last reviewed: July 2026

Explore Chevron

Core profile pages, annual revenue records, and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.

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Chevron Corporation

Integrated Oil & GasFounded 1879

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Independent Editorial Analysis

5 historical events · Editorial analysis

Chevron Company Profile: Revenue, Business Model & Strategy

Research depth: 5 milestones · 8 FAQs

Chevron reported $189B in FY2025 revenue and had approximately 43,039 employees. Its roots date to Pacific Coast Oil in 1879; Michael K. Wirth is CEO.

Chevron is a U.S. oil and gas major with Standard Oil of California roots. It reported about $189B FY2025 revenue under CEO Michael K. Wirth.

How Chevron makes money: Chevron makes money by producing oil and gas, refining crude into fuels and products, selling fuels and lubricants, participating in chemicals through joint ventures, and managing global energy assets.

Revenue & employees CEO history Founders Business model

Annual Revenue (FY2025)$189.0B

Employees43,039

CEOMichael K. Wirth

Founded1879

IndustryEnergy

By Swet ParvadiyaLast reviewed: July 22, 2026

Data sources: annual reports, SEC filings, methodology

Industry:Integrated Oil & Gas

In-Depth Analysis

109 words · 1 min read

Chevron Corporation reported $189.031B in FY2025 revenue and 43,039 employees in its latest annual disclosure. The company is led by Michael K. Wirth. Chevron is an integrated energy company across upstream, downstream, chemicals, and lower-carbon businesses.

How Chevron Corporation Makes Money

Chevron earns revenue by producing oil and gas, refining crude, selling fuels and lubricants, marketing products, and participating in chemicals and energy infrastructure.

Latest Financial Snapshot

Revenue declined from $202.792B in 2024 to $189.031B in 2025, and net income attributable to Chevron was $12.299B.

Why The Company Matters

Chevron matters because it is one of the largest Standard Oil successor companies and remains a major global energy producer.

Chevron Corporation Key Facts

Data Verified

Company	Chevron Corporation
Trajectory	Stable
Financials	$189B (FY2025, last reviewed July 2026) ^[1]
Market Cap	$280.0B ^[2]
Net Income	$12.3B
Last reviewed	By Swet Parvadiya, Founder & Editor - May 2026
Founded	1879
Founder(s)	Frederick Taylor, D.G. Scofield
CEO	Michael K. Wirth
Headquarters	San Ramon, California
Industry	Integrated Oil & Gas
Employees	43,039+ ^[3]

Chevron Company Profile: Revenue, Business Model & Strategy

"Chevron reported $189.031 billion in FY2025 revenue and $12.299 billion in net income, with 43,039 employees across service-station and non-service-station operations."

Why Chevron Corporation Wins

Chevron wins through low-cost resource positions, integrated operations, balance-sheet discipline, project execution, and the ability to keep investing through commodity cycles.

Chevron Corporation operates in a competitive market alongside Exxon Mobil Corporation, Shell plc, BP plc, TotalEnergies SE, Petroleo Brasileiro S.A. - Petrobras. Analysts frequently compare Chevron Corporation and Exxon Mobil Corporation due to their overlapping products, target markets, and strategic positioning.

Chevron is a U.S. oil and gas major with Standard Oil of California roots. It reported about $189B FY2025 revenue under CEO Michael K. Wirth.

Revenue

$189.0B

Founded

1879

Employees

43K+

Market Cap

$280.0B

Author: CorpDigest Research DeskVerified Accuracy

Key Facts

Founded: Chevron Corporation was established in 1879 and is headquartered in San Ramon, California.
Revenue: Chevron Corporation reported $189.0B in annual revenue (2025).
Valuation: Market capitalization of approximately $280.0B.
Scale: Chevron Corporation employs 43,039 people globally.
Business Model: Chevron makes money by producing oil and gas, refining crude into fuels and products, selling fuels and lubricants.
Competitive Edge: What makes Chevron's story particularly compelling is not simply its scale, but its improbable durability.

How Chevron Corporation Makes Money

Capital Allocation & Scaling Mechanics

Chevron makes money by producing oil and gas, refining crude into fuels and products, selling fuels and lubricants, participating in chemicals through joint ventures, and managing global energy assets.

Explore Chevron Corporation In Depth

📅Chevron Corporation History & Milestones 💼How Chevron Corporation Makes Money 📊Chevron Corporation Revenue & Financials ⚔️Chevron Corporation Competitive Strategy & SWOT 👤Chevron Corporation Founders & Origin Story 🏆Chevron Corporation CEO History & Leadership 🤝Chevron Corporation Acquisitions & Deals

What Is Chevron Corporation's Growth Strategy?

Chevron's strategy focuses on advantaged upstream assets such as the Permian Basin and Kazakhstan, capital discipline, shareholder distributions, LNG, selective lower-carbon investments, and the Hess acquisition strategy.

How Much Revenue Does Chevron Corporation Generate?

Chevron reported $189.031 billion in 2025 revenues and other income, down from $202.792 billion in 2024 and $200.949 billion in 2023. Net income attributable to Chevron was $12.299 billion in 2025, compared with $17.661 billion in 2024. The story is commodity exposure. Chevron can run disciplined operations, but realized prices, refining margins, impairments, project timing, and global demand still drive large swings in revenue and profit.

Financial Metric	Estimated Value (2026)
Market Capitalization	$280.0B
Employee Count	43,039 +
Latest Annual Revenue	$189.0B (2025)

Historical Revenue Chart

Chevron Corporation Annual Revenue History

Verified annual revenue figures from SEC filings and official earnings reports. All figures in USD.

Fiscal Year	Annual Revenue	YoY Change
FY2020	$94.7B	N/A
FY2021	$162.5B	+71.6%
FY2022	$246.3B	+51.6%
FY2023	$200.9B	-18.4%
FY2024	$202.8B	+0.9%
FY2025	$189.0B	-6.8%

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Deep Dive into Chevron Corporation SWOT Analysis

Who Are Chevron Corporation's Main Competitors?

The Chevron and Texaco branded fuel retail networks give the company consumer-facing touchpoints that most upstream-focused competitors lack. In downturns, the integration and balance sheet strength allow it to weather periods that eliminate smaller, more used competitors. Surprisingly, on one level, Chevron competes in a commodity industry where the product — crude oil, natural gas, refined petroleum products — is largely undifferentiated, and price is determined by global markets beyond any single producer's control. Chevron's most direct and significant competitor is ExxonMobil Corporation, the other large surviving descendant of Standard Oil. Royal Dutch Shell and BP represent international competitors with comparable scale and even longer histories. France's TotalEnergies occupies an interesting middle ground: more committed to renewables than Chevron but less dramatically so than BP's peak ESG positioning. TotalEnergies has built a genuine renewable energy business while maintaining solid oil and gas production, and it competes with Chevron in several African and Middle Eastern upstream markets. In the Permian Basin specifically, Chevron competes with both integrated majors and large independent producers. In oilfield services procurement, Chevron competes with these companies for drilling rigs, completion crews, and pipeline capacity, particularly during periods of high industry activity. Unlike European majors BP and Shell, which have made more aggressive public commitments to renewable energy investment, Chevron has chosen to maintain its identity as a petroleum company that is reducing the carbon intensity of its operations rather than repositioning as a diversified energy company. If the arbitration rules against Chevron, the company may find itself having overpaid for Hess's other assets. Here's why: Chevron's competitive position rests on several structural advantages that are extremely difficult for competitors to replicate quickly, regardless of capital availability or management talent. This financial fortress allows Chevron to maintain capital investment during commodity downturns, continue dividend payments when smaller competitors are forced to cut or suspend them, and pursue acquisitions at the bottom of the cycle when asset prices are most attractive. Few competitors in the global oil industry can match this combination of production scale and financial flexibility simultaneously. In markets where fuel quality differentiation matters to consumers — particularly California — the Chevron brand commands a modest premium over unbranded competitors, contributing to downstream margin enhancement.

Top Competitors	Head-to-Head Analysis

What Is Chevron Corporation's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1879 - Pacific Coast Oil Founded

Chevron traces its roots to Pacific Coast Oil Company in California.

1911 - Standard Oil Breakup

Standard Oil of California emerged from the breakup of the Standard Oil trust.

1984 - Gulf Oil Acquisition

Standard Oil of California acquired Gulf Oil and adopted the Chevron name.

2025 - Revenue of $189.031 Billion

Chevron reported $189.031 billion in FY2025 revenue and 43,039 total employees.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

Chevron's biggest risk is a faster-than-expected decline in fossil-fuel demand or a sustained low-price environment that weakens returns, cash flow, and investor support.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did Chevron Corporation Start and Grow?

Established

1879

Fiscal Revenue

$189.0B

Workforce

43K+

HQ Location

San Ramon, California

Key Turning Point

: The Strategic Shift That Created a Behemoth

Facing declining California production growth and intense domestic competition, Chevron's predecessor Socal made a strategic commitment to international expansion that culminated in the 1933 Saudi Arabia concession agreement. This represented a fundamental strategic pivot from a primarily domestic California company to an internationally oriented energy producer — a transformation that would define the company's global character for the rest of the 20th century and create the foundation for what became Saudi Aramco, the world's most valuable oil company.

Explore Chevron In Depth

Detailed research across every dimension of Chevron — history, financials, leadership, and strategy.

Company History

Chevron operates across oil and gas exploration and production, LNG, refining, fuel marketing, lubricants, petrochemicals, pipelines, and lower-carbon investments.

Full Chevron history →

Revenue & Financials

Chevron reported $189.0B in revenue for fiscal year 2025. Data covers 6 fiscal years. Market capitalization stands at approximately $280B.

Chevron financials →

Founders

Chevron was founded by Frederick Taylor, D.G. Scofield in 1879 in San Ramon, California. Explore each founder's background, motivations, and their role in building the company.

Chevron founders →

CEO & Leadership

Chevron is currently led by Michael K. Wirth. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Chevron CEO history →

Business Model

How Chevron makes money →

Acquisitions

Chevron has completed 4 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Chevron acquisitions →

Competitive Strategy

Chevron strategy →

CorpDigest Research Desk

| Strategic Audit Verified

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

About the Author →Our Methodology →

Frequently Asked Questions About Chevron

Is Chevron profitable?

Yes. Chevron reported $12.299 billion in FY2025 net income attributable to Chevron.

How does Chevron make money?

Chevron makes money from oil and gas production, refining, fuel marketing, lubricants, chemicals, and related energy businesses.

Who founded Chevron?

Chevron traces its roots to Pacific Coast Oil Company, founded in 1879, and Standard Oil of California.

Who are Chevron's competitors?

Chevron competes with ExxonMobil, Shell, BP, TotalEnergies, Petrobras, and other integrated energy companies.

Analysis: How Chevron Corporation Makes Money

Deep dive into the Chevron Corporation business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

Compare

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Explore More Brand Histories

This corporate intelligence report on Chevron Corporation compiles data from verified filings. Explore more detailed brand histories and company histories in the global Integrated Oil & Gas marketplace.

Full Company Directory ->

Editorial Methodology

Verified Analysis

Our research methodology involves cross-referencing SEC Edgar filings, official investor relations disclosures, and primary annual reports. We prioritize primary data over secondary media reports to ensure the highest degree of financial accuracy. Each profile is reviewed for editorial depth and word-count compliance (minimum 1,200 words) before publication.

1. Primary Sources

Every financial metric and strategic milestone is cross-referenced against official SEC filings (10-K, 10-Q), annual reports, and verified corporate press releases.

2. Expert Curation

Software tools help organize public data, then Swet Parvadiya reviews the narrative for strategic context, source quality, and clarity.

3. Multi-Pass Audit

Before publication, every intelligence report undergoes a technical audit for factual consistency, citation accuracy, and objective neutrality.

SEC filings & public records methodology

Sourced from public financial records

Explore Related Pages for Chevron Corporation

History & FailuresTimeline, setbacks, and key milestones Business ModelHow they make money and market products FinancialsRevenue history and fiscal metrics Competitive StrategyRivals, benchmarks, and SWOT analysis

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

[1]SEC EDGAR: Chevron Corporation Annual Filings (10-K, 8-K)
[2]Chevron Corporation Corporate Website
[3]Chevron Corporation Annual Report 2025 - Revenue and Financial Data
[4]sec.gov
[5]data.sec.gov
[6]chevron.com

Explore Chevron

Core profile pages, annual revenue records, and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.

Independent Editorial Analysis

5 historical events · Editorial analysis

Chevron Company Profile: Revenue, Business Model & Strategy

Research depth: 5 milestones · 8 FAQs

Chevron reported $189B in FY2025 revenue and had approximately 43,039 employees. Its roots date to Pacific Coast Oil in 1879; Michael K. Wirth is CEO.

Chevron is a U.S. oil and gas major with Standard Oil of California roots. It reported about $189B FY2025 revenue under CEO Michael K. Wirth.

Revenue & employees CEO history Founders Business model

Annual Revenue (FY2025)$189.0B

Employees43,039

CEOMichael K. Wirth

Founded1879

IndustryEnergy

By Swet ParvadiyaLast reviewed: July 22, 2026

Data sources: annual reports, SEC filings, methodology

Industry:Integrated Oil & Gas

In-Depth Analysis

109 words · 1 min read

How Chevron Corporation Makes Money

Chevron earns revenue by producing oil and gas, refining crude, selling fuels and lubricants, marketing products, and participating in chemicals and energy infrastructure.

Latest Financial Snapshot

Revenue declined from $202.792B in 2024 to $189.031B in 2025, and net income attributable to Chevron was $12.299B.

Why The Company Matters

Chevron matters because it is one of the largest Standard Oil successor companies and remains a major global energy producer.

Chevron Corporation Key Facts

Data Verified

Company	Chevron Corporation
Trajectory	Stable
Financials	$189B (FY2025, last reviewed July 2026) ^[1]
Market Cap	$280.0B ^[2]
Net Income	$12.3B
Last reviewed	By Swet Parvadiya, Founder & Editor - May 2026
Founded	1879
Founder(s)	Frederick Taylor, D.G. Scofield
CEO	Michael K. Wirth
Headquarters	San Ramon, California
Industry	Integrated Oil & Gas
Employees	43,039+ ^[3]

Chevron Company Profile: Revenue, Business Model & Strategy

"Chevron reported $189.031 billion in FY2025 revenue and $12.299 billion in net income, with 43,039 employees across service-station and non-service-station operations."

Why Chevron Corporation Wins

Chevron wins through low-cost resource positions, integrated operations, balance-sheet discipline, project execution, and the ability to keep investing through commodity cycles.

Chevron is a U.S. oil and gas major with Standard Oil of California roots. It reported about $189B FY2025 revenue under CEO Michael K. Wirth.

Revenue

$189.0B

Founded

1879

Employees

43K+

Market Cap

$280.0B

Author: CorpDigest Research DeskVerified Accuracy

Key Facts

Founded: Chevron Corporation was established in 1879 and is headquartered in San Ramon, California.
Revenue: Chevron Corporation reported $189.0B in annual revenue (2025).
Valuation: Market capitalization of approximately $280.0B.
Scale: Chevron Corporation employs 43,039 people globally.
Business Model: Chevron makes money by producing oil and gas, refining crude into fuels and products, selling fuels and lubricants.
Competitive Edge: What makes Chevron's story particularly compelling is not simply its scale, but its improbable durability.

How Chevron Corporation Makes Money

Capital Allocation & Scaling Mechanics

Explore Chevron Corporation In Depth

What Is Chevron Corporation's Growth Strategy?

How Much Revenue Does Chevron Corporation Generate?

Financial Metric	Estimated Value (2026)
Market Capitalization	$280.0B
Employee Count	43,039 +
Latest Annual Revenue	$189.0B (2025)

Historical Revenue Chart

Chevron Corporation Annual Revenue History

Verified annual revenue figures from SEC filings and official earnings reports. All figures in USD.

Fiscal Year	Annual Revenue	YoY Change
FY2020	$94.7B	N/A
FY2021	$162.5B	+71.6%
FY2022	$246.3B	+51.6%
FY2023	$200.9B	-18.4%
FY2024	$202.8B	+0.9%
FY2025	$189.0B	-6.8%

Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.

Deep Dive into Chevron Corporation SWOT Analysis

Who Are Chevron Corporation's Main Competitors?

Top Competitors	Head-to-Head Analysis

What Is Chevron Corporation's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1879 - Pacific Coast Oil Founded

Chevron traces its roots to Pacific Coast Oil Company in California.

1911 - Standard Oil Breakup

Standard Oil of California emerged from the breakup of the Standard Oil trust.

1984 - Gulf Oil Acquisition

Standard Oil of California acquired Gulf Oil and adopted the Chevron name.

2025 - Revenue of $189.031 Billion

Chevron reported $189.031 billion in FY2025 revenue and 43,039 total employees.

Risks & Weaknesses

Analytical Assessment

Primary Risk Factor

Chevron's biggest risk is a faster-than-expected decline in fossil-fuel demand or a sustained low-price environment that weakens returns, cash flow, and investor support.

Risk assessment based on public filings, SWOT analysis, and verified industry data. Not financial advice.

How Did Chevron Corporation Start and Grow?

Established

1879

Fiscal Revenue

$189.0B

Workforce

43K+

HQ Location

San Ramon, California

Key Turning Point

: The Strategic Shift That Created a Behemoth

Explore Chevron In Depth

Detailed research across every dimension of Chevron — history, financials, leadership, and strategy.

Company History

Chevron operates across oil and gas exploration and production, LNG, refining, fuel marketing, lubricants, petrochemicals, pipelines, and lower-carbon investments.

Full Chevron history →

Revenue & Financials

Chevron reported $189.0B in revenue for fiscal year 2025. Data covers 6 fiscal years. Market capitalization stands at approximately $280B.

Chevron financials →

Founders

Chevron was founded by Frederick Taylor, D.G. Scofield in 1879 in San Ramon, California. Explore each founder's background, motivations, and their role in building the company.

Chevron founders →

CEO & Leadership

Chevron is currently led by Michael K. Wirth. Explore the full CEO history — leadership transitions, tenures, and the strategic decisions of each chief executive.

Chevron CEO history →

Business Model

How Chevron makes money →

Acquisitions

Chevron has completed 4 documented acquisitions. Explore the full acquisition history and strategic rationale behind each deal.

Chevron acquisitions →

Competitive Strategy

Chevron strategy →

CorpDigest Research Desk

| Strategic Audit Verified

About the Author →Our Methodology →

Frequently Asked Questions About Chevron

Is Chevron profitable?

Yes. Chevron reported $12.299 billion in FY2025 net income attributable to Chevron.

How does Chevron make money?

Chevron makes money from oil and gas production, refining, fuel marketing, lubricants, chemicals, and related energy businesses.

Who founded Chevron?

Chevron traces its roots to Pacific Coast Oil Company, founded in 1879, and Standard Oil of California.

Who are Chevron's competitors?

Chevron competes with ExxonMobil, Shell, BP, TotalEnergies, Petrobras, and other integrated energy companies.

Analysis: How Chevron Corporation Makes Money

Deep dive into the Chevron Corporation business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

Compare

Explore More Brand Histories

Full Company Directory ->

Editorial Methodology

Verified Analysis

1. Primary Sources

Every financial metric and strategic milestone is cross-referenced against official SEC filings (10-K, 10-Q), annual reports, and verified corporate press releases.

2. Expert Curation

Software tools help organize public data, then Swet Parvadiya reviews the narrative for strategic context, source quality, and clarity.

3. Multi-Pass Audit

Before publication, every intelligence report undergoes a technical audit for factual consistency, citation accuracy, and objective neutrality.

SEC filings & public records methodology

Sourced from public financial records

Explore Related Pages for Chevron Corporation

Sources & References

The data and narrative synthesized in this intelligence report were verified against primary sources:

[1]SEC EDGAR: Chevron Corporation Annual Filings (10-K, 8-K)
[2]Chevron Corporation Corporate Website
[3]Chevron Corporation Annual Report 2025 - Revenue and Financial Data
[4]sec.gov
[5]data.sec.gov
[6]chevron.com

Chevron Company Profile: Revenue, Business Model & Strategy

How Chevron Corporation Makes Money

Latest Financial Snapshot

Why The Company Matters

Table of Contents

Chevron Corporation Key Facts

Chevron Company Profile: Revenue, Business Model & Strategy

Why Chevron Corporation Wins

Key Facts

How Chevron Corporation Makes Money

Capital Allocation & Scaling Mechanics

Explore Chevron Corporation In Depth

What Is Chevron Corporation's Growth Strategy?

How Much Revenue Does Chevron Corporation Generate?

Historical Revenue Chart

Chevron Corporation Annual Revenue History

Who Are Chevron Corporation's Main Competitors?

What Is Chevron Corporation's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1879 - Pacific Coast Oil Founded

1911 - Standard Oil Breakup

1984 - Gulf Oil Acquisition

2025 - Revenue of $189.031 Billion

Risks & Weaknesses

Primary Risk Factor

How Did Chevron Corporation Start and Grow?

: The Strategic Shift That Created a Behemoth

Explore Chevron In Depth

Company History

Revenue & Financials

Founders

CEO & Leadership

Business Model

Acquisitions

Competitive Strategy

CorpDigest Research Desk

Frequently Asked Questions About Chevron

Is Chevron profitable?

How does Chevron make money?

Who founded Chevron?

Who are Chevron's competitors?

Analysis: How Chevron Corporation Makes Money

Competitor Benchmarking

Compare

Explore More Brand Histories

Editorial Methodology

Explore Related Pages for Chevron Corporation

Sources & References

Chevron Company Profile: Revenue, Business Model & Strategy

How Chevron Corporation Makes Money

Latest Financial Snapshot

Why The Company Matters

Table of Contents

Chevron Corporation Key Facts

Chevron Company Profile: Revenue, Business Model & Strategy

Why Chevron Corporation Wins

Key Facts

How Chevron Corporation Makes Money

Capital Allocation & Scaling Mechanics

Explore Chevron Corporation In Depth

What Is Chevron Corporation's Growth Strategy?

How Much Revenue Does Chevron Corporation Generate?

Historical Revenue Chart

Chevron Corporation Annual Revenue History

Who Are Chevron Corporation's Main Competitors?

What Is Chevron Corporation's Full Historical Timeline?

Historical Timeline & Strategic Pivots

Key Milestones

1879 - Pacific Coast Oil Founded

1911 - Standard Oil Breakup

1984 - Gulf Oil Acquisition

2025 - Revenue of $189.031 Billion

Risks & Weaknesses

Primary Risk Factor

How Did Chevron Corporation Start and Grow?

: The Strategic Shift That Created a Behemoth

Explore Chevron In Depth

Company History

Revenue & Financials