Chevron Corporation (CVX) EBITDA Margin: 22.46%
Is Chevron Corporation’s EBITDA margin high or low?
Chevron Corporation's EBITDA margin of 22.46% is in line with its 5-year average of 22.53%, around the middle of its 5-year range (11.05%–28.42%).
The EBITDA margin for Chevron Corporation (CVX) is 22.46% as of Wednesday, June 10, 2026. It is below its 12-month average by 2.67% (23.08%).
CVX EBITDA Margin Chart
CVX Average EBITDA Margin Chart
CVX Current vs Average EBITDA Margin Chart
CVX EBITDA Margin Metrics
EBITDA MARGIN
22.46%
EBITDA MARGIN AVG TTM
23.08%
EBITDA MARGIN AVG 3Y
24.71%
EBITDA MARGIN AVG 5Y
22.53%
EBITDA MARGIN AVG 10Y
20.81%
EBITDA MARGIN AVG 15Y
21.11%
EBITDA MARGIN AVG 20Y
20.65%
CURRENT VS TTM AVG
-2.67%
CURRENT VS 3Y AVG
-9.11%
CURRENT VS 5Y AVG
-0.33%
CURRENT VS 10Y AVG
+7.94%
CURRENT VS 15Y AVG
+6.40%
CURRENT VS 20Y AVG
+8.76%
CVX Competitors' EBITDA Margin
| NAME | MARKET CAP | EBITDA MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | — | 22.46% | 23.08% | 24.71% | 22.53% |
| ConocoPhillips (COP) | $146.50B | 39.47% | 42.09% | 44.36% | 41.22% |
| Exxon Mobil Corporation (XOM) | $626.18B | 20.95% | 21.28% | 22.62% | 19.97% |
| SLB N.V. (SLB) | $82.98B | 20.01% | 21.13% | 21.98% | 11.82% |
| Marathon Petroleum Corporation (MPC) | $76.89B | 8.80% | 8.21% | 10.74% | 6.07% |
| Valero Energy Corporation (VLO) | $76.63B | 5.48% | 5.45% | 7.86% | 6.13% |
| EOG Resources, Inc. (EOG) | $74.71B | 50.08% | 51.70% | 51.77% | 47.63% |
| Phillips 66 (PSX) | $72.86B | 7.38% | 5.78% | 7.47% | 4.77% |
| Occidental Petroleum Corporation (OXY) | $56.79B | 52.63% | 49.79% | 53.00% | 38.28% |
| Antero Midstream Corporation (AM) | $10.32B | 74.44% | 78.28% | 81.00% | 70.37% |
Margin Comparison
Gross Margin
25.4%
EBITDA Margin
22.5%
Operating Margin
8.4%
Net Margin
5.9%
Formula: EBITDA Margin = (EBITDA / Revenue) × 100
Why EBITDA Margin matters:
- Removes effects of depreciation policies (D&A)
- Capital structure neutral (ignores interest)
- Tax neutral (ignores tax differences)
- Good proxy for operating cash generation
Chevron Corporation EBITDA Margin Formula & Definition
EBITDA Margin = EBITDA / Revenue
EBITDA margin measures operating profitability before interest, taxes, depreciation, and amortization as a percentage of revenue.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Chevron Corporation EBITDA Margin FAQ
- What is the EBITDA margin for Chevron Corporation (CVX)?
- The EBITDA margin for CVX stock is 22.46%.
- Is Chevron Corporation's EBITDA margin high or low?
- Chevron Corporation's EBITDA margin of 22.46% is in line with its 5-year average of 22.53%, around the middle of its 5-year range (11.05%–28.42%).
- What is the TTM average EBITDA margin for Chevron Corporation (CVX)?
- The TTM average EBITDA margin for CVX stock is 23.08%.
- What is the 3Y average EBITDA margin for Chevron Corporation (CVX)?
- The 3Y average EBITDA margin for CVX stock is 24.71%.
- What is the 5Y average EBITDA margin for Chevron Corporation (CVX)?
- The 5Y average EBITDA margin for CVX stock is 22.53%.
- What is the 10Y average EBITDA margin for Chevron Corporation (CVX)?
- The 10Y average EBITDA margin for CVX stock is 20.81%.
- What is the 15Y average EBITDA margin for Chevron Corporation (CVX)?
- The 15Y average EBITDA margin for CVX stock is 21.11%.
- What is the 20Y average EBITDA margin for Chevron Corporation (CVX)?
- The 20Y average EBITDA margin for CVX stock is 20.65%.
Chevron Corporation EBITDA Margin History
| DATE | EBITDA MARGIN |
|---|---|
| 2025-12-31 | 22.46% |
| 2024-12-31 | 23.69% |
| 2023-12-31 | 24.28% |
| 2022-12-31 | 28.42% |
| 2021-12-31 | 25.30% |
| 2020-12-31 | 11.05% |
| 2019-12-31 | 17.37% |
| 2018-12-31 | 25.20% |
| 2017-12-31 | 20.34% |
| 2016-12-31 | 12.75% |
| 2015-12-31 | 18.02% |
| 2014-12-31 | 24.37% |
| 2013-12-31 | 19.11% |
| 2012-12-31 | 21.24% |
| 2011-12-31 | 21.11% |
| 2010-12-31 | 23.04% |
| 2009-12-31 | 18.22% |
| 2008-12-31 | 19.65% |
| 2007-12-31 | 18.63% |
| 2006-12-31 | 19.04% |
| 2005-12-31 | 20.39% |
| 2004-12-31 | 21.86% |
| 2003-12-31 | 21.15% |
| 2002-12-31 | 19.56% |
| 2001-12-31 | 22.98% |
| 2000-12-31 | 22.83% |
| 1999-12-31 | 20.97% |
| 1998-12-31 | 14.92% |
| 1997-12-31 | 19.34% |
| 1996-12-31 | 16.68% |
Related Metrics
About Chevron Corporation
Chevron Corporation functions as a global energy and chemicals powerhouse, orchestrating its diverse operations worldwide. The company's business is organized into two primary divisions: Upstream and Downstream. The Upstream segment focuses on the full lifecycle of crude oil and natural gas, from their initial exploration and development to production and subsequent transportation. This also encompasses the processing, liquefaction, transit, and regasification of liquefied natural gas (LNG), as well as pipeline transport of crude oil and the movement, storage, and sale of natural gas. Additionally, this segment manages a facility dedicated to converting natural gas into liquid fuels. In contrast, the Downstream segment is tasked with refining crude oil into a variety of petroleum products. Its activities include the merchandising of crude oil, refined goods, and lubricants, in addition to the creation and distribution of renewable fuels. This division is also responsible for moving crude oil and refined products using a range of methods, including pipelines, ships, motor vehicles, and rail cars. Furthermore, it produces and markets bulk petrochemicals, industrial-grade plastics, and additives for both fuels and lubricants. Beyond these core ventures, Chevron is also involved in financial management, debt financing, insurance underwriting, real estate development, and various technology-driven enterprises. Founded in 1879, the company operated as ChevronTexaco Corporation until it officially became Chevron Corporation in 2005. Its corporate headquarters are situated in San Ramon, California.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Michael K. Wirth