The Chevron shows a gross margin of 29%, an operating margin of 14.9%, an EBITDA margin of 25.7%, and a net margin of 9.6%. Gross margin drove the improvement across the available margins, increasing by 5 percentage points.
CVX margin history
Over the last 3 years, Chevron's margins averaged 25.67% gross, 13.28% operating, 22.62% EBITDA, and 8.55% net. All four current margins are above their three-year averages.
CVX margin expansion
Gross margin expanded by 5 percentage points, operating margin by 3.1 percentage points, EBITDA margin by 4.9 percentage points, and net margin by 2.6 percentage points, led by gross margin with an increase of 5 percentage points.
CVX Gross margin
Looking back over the last 3 years, Chevron recorded an average gross margin of 25.67%. Chevron's current gross margin is 29% and is 3.3 percentage points above its three-year average. The highest gross margin for Chevron was 29% in Jun 2026, while the lowest was 24% in Jun 2025.
CVX Operating margin
Looking at the last 3 years, Chevron had an average operating margin of 13.28%. As of the latest period, Chevron's current operating margin is 14.9%, which is 1.6 percentage points above its three-year average. Looking back over the last 3 years, Chevron's operating margin reached 17.3% at its highest point in Sep 2023 and 10.2% at its lowest in Mar 2026.
CVX EBITDA margin
Across the last 3 years, Chevron's EBITDA margin came to 22.62%. The current EBITDA margin stands at 25.7%, 3.1 percentage points above its three-year average. EBITDA margin was highest at 25.7% in Jun 2026 and lowest at 20.8% in Jun 2025.
CVX Net margin
The average net margin for Chevron was 8.55% during the last 3 years. The current net margin stands at 9.6%, 1.1 percentage points above its three-year average. The net margin for Chevron moved between 5.8% in Mar 2026 and 12.1% in Sep 2023.
CVX margin group comparison
Chevron's gross margin of 29% is above its peers average but below the Energy sector and the industry average. Compared to its Energy sector average of 42.6%, Chevron's gross margin is 32% lower.
CVX margin peer comparison
Frequently asked questions
What is Chevron's gross margin?
The current gross margin for CVX is 29% as of Jun 30, 2026.
What is Chevron's operating margin?
As of Jun 30, 2026, CVX has an operating margin of 14.9%.
What is Chevron's EBITDA margin?
The current EBITDA margin for CVX is 25.7% as of Jun 30, 2026.
What is Chevron's net margin?
For the period ending Jun 30, 2026, CVX recorded a net margin of 9.6%.
What are the average margins of CVX?
Chevron's average margins over the last 3 years were 25.7% gross, 13.3% operating, 22.6% EBITDA, and 8.6% net.
What are the highest historical margins of CVX?
Chevron's highest recorded margins during the past 5 years were 29.8% gross in Mar 2023, 20.9% operating in Mar 2023, 27.5% EBITDA in Mar 2023, and 14.7% net in Mar 2023.
What are the lowest historical margins of CVX?
Chevron's lowest recorded margins during the past 5 years were 24% gross in Jun 2025, 10.2% operating in Mar 2026, 20.8% EBITDA in Jun 2025, and 5.8% net in Mar 2026.