Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 31.00% is in line with its 5-year average of 30.40%, around the middle of its 5-year range (9.58%–45.52%).
4.95% above its 12-month average of 29.54%.
Reported quarterly gross margin; no daily interpolation.
GROSS MARGIN
31.00%
GROSS MARGIN AVG TTM
29.54%
GROSS MARGIN AVG 3Y
29.96%
GROSS MARGIN AVG 5Y
30.40%
GROSS MARGIN AVG 10Y
29.98%
GROSS MARGIN AVG 15Y
30.55%
GROSS MARGIN AVG 20Y
30.63%
CURRENT VS TTM AVG
+4.95%
CURRENT VS 3Y AVG
+3.47%
CURRENT VS 5Y AVG
+1.98%
CURRENT VS 10Y AVG
+3.41%
CURRENT VS 15Y AVG
+1.47%
CURRENT VS 20Y AVG
+1.21%
SECTOR MEDIAN · ENERGY
30.48%
median of 49 covered companies
CURRENT VS SECTOR MEDIAN
+1.71%
vs the sector median at left
Chevron Corporation
Market Cap
$418.22B
Gross Margin
31.00%
TTM Avg
29.54%
3Y Avg
29.96%
5Y Avg
30.40%
Market Cap
$665.85B
Gross Margin
25.15%
TTM Avg
22.15%
3Y Avg
23.82%
5Y Avg
20.55%
Market Cap
$116.12B
Gross Margin
11.62%
TTM Avg
7.12%
3Y Avg
9.52%
5Y Avg
7.42%
Market Cap
$110.23B
Gross Margin
11.33%
TTM Avg
4.02%
3Y Avg
6.61%
5Y Avg
4.66%
Market Cap
$106.16B
Gross Margin
21.29%
TTM Avg
35.30%
3Y Avg
33.06%
5Y Avg
27.47%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | $418.22B | 31.00% | 29.54% | 29.96% | 30.40% |
| Shell plc (SHEL)vs › | $265.76B | 17.12% | 16.04% | 16.91% | 12.36% |
| TotalEnergies SE (TTE)vs › | $200.65B | 30.66% | 28.41% | 29.04% | 26.78% |
| Exxon Mobil Corporation (XOM)vs › | $665.85B | 25.15% | 22.15% | 23.82% | 20.55% |
| ConocoPhillips (COP)vs › | $164.52B | 27.68% | 27.51% | 31.42% | 27.06% |
| Marathon Petroleum Corporation (MPC)vs › | $116.12B | 11.62% | 7.12% | 9.52% | 7.42% |
| Valero Energy Corporation (VLO)vs › | $110.23B | 11.33% | 4.02% | 6.61% | 4.66% |
| Canadian Natural Resources Limited (CNQ)vs › | $106.16B | 21.29% | 35.30% | 33.06% | 27.47% |
| Phillips 66 (PSX)vs › | $103.90B | 9.78% | 4.16% | 5.87% | 4.46% |
| The Williams Companies, Inc. (WMB)vs › | $92.75B | 42.86% | 50.78% | 53.52% | 52.60% |
Gross Margin
31.0%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 45.52% |
| 2026-03-31 | 9.58% |
| 2025-12-31 | 31.79% |
| 2025-09-30 | 31.12% |
| 2025-06-30 | 29.69% |
| 2025-03-31 | 29.00% |
| 2024-12-31 | 27.34% |
| 2024-09-30 | 29.15% |
| 2024-06-30 | 29.66% |
| 2024-03-31 | 31.66% |
| 2023-12-31 | 29.02% |
| 2023-09-30 | 29.99% |
| 2023-06-30 | 31.16% |
| 2023-03-31 | 32.57% |
| 2022-12-31 | 27.67% |
| 2022-09-30 | 32.37% |
| 2022-06-30 | 32.11% |
| 2022-03-31 | 29.15% |
| 2021-12-31 | 29.89% |
| 2021-09-30 | 33.87% |
| 2021-06-30 | 30.36% |
| 2021-03-31 | 29.68% |
| 2020-12-31 | 28.06% |
| 2020-09-30 | 27.22% |
| 2020-06-30 | 6.69% |
| 2020-03-31 | 33.35% |
| 2019-12-31 | -4.48% |
| 2019-09-30 | 30.29% |
| 2019-06-30 | 30.71% |
| 2019-03-31 | 30.40% |
| 2018-12-31 | 27.68% |
| 2018-09-30 | 28.60% |
| 2018-06-30 | 27.78% |
| 2018-03-31 | 29.04% |
| 2017-12-31 | 28.83% |
| 2017-09-30 | 29.53% |
| 2017-06-30 | 28.11% |
| 2017-03-31 | 31.16% |
| 2016-12-31 | 29.74% |
| 2016-09-30 | 31.51% |
| 2016-06-30 | 20.99% |
| 2016-03-31 | 32.26% |
| 2015-12-31 | 28.71% |
| 2015-09-30 | 33.73% |
| 2015-06-30 | 25.33% |
| 2015-03-31 | 33.15% |
| 2014-12-31 | 30.81% |
| 2014-09-30 | 33.06% |
| 2014-06-30 | 32.20% |
| 2014-03-31 | 31.44% |
| 2013-12-31 | 32.67% |
| 2013-09-30 | 32.02% |
| 2013-06-30 | 31.86% |
| 2013-03-31 | 32.98% |
| 2012-12-31 | 12.77% |
| 2012-09-30 | 32.89% |
| 2012-06-30 | 32.99% |
| 2012-03-31 | 33.34% |
| 2011-12-31 | -13.14% |
| 2011-09-30 | 39.55% |
| 2011-06-30 | 39.23% |
| 2011-03-31 | 39.99% |
| 2010-12-31 | 32.49% |
| 2010-09-30 | 40.98% |
| 2010-06-30 | 40.41% |
| 2010-03-31 | 32.40% |
| 2009-12-31 | 29.87% |
| 2009-09-30 | 31.13% |
| 2009-06-30 | 29.35% |
| 2009-03-31 | 30.33% |
| 2008-12-31 | 35.12% |
| 2008-09-30 | 28.86% |
| 2008-06-30 | 24.71% |
| 2008-03-31 | 27.39% |
| 2007-12-31 | 29.49% |
| 2007-09-30 | 29.89% |
| 2007-06-30 | 33.09% |
| 2007-03-31 | 33.55% |
| 2006-12-31 | 32.36% |
| 2006-09-30 | 33.58% |
| 2006-06-30 | 31.17% |
| 2006-03-31 | 29.12% |
| 2005-12-31 | 36.46% |
| 2005-09-30 | 27.52% |
| 2005-06-30 | 29.71% |
| 2005-03-31 | 30.40% |
| 2004-12-31 | 39.35% |
| 2004-09-30 | 26.63% |
| 2004-06-30 | 29.55% |
| 2004-03-31 | 33.78% |
| 2003-12-31 | 32.33% |
| 2003-09-30 | 30.99% |
| 2003-06-03 | 34.38% |
| 2003-03-31 | 34.21% |
| 2002-12-31 | 32.16% |
| 2002-09-30 | 33.20% |
