Chevron Corporation (CVX) Tax Rate: 36.76%
Is Chevron Corporation’s tax rate high or low?
Chevron Corporation's tax rate of 36.76% is 22% above its 5-year average of 30.18%, near the high end of its 5-year range (25.39%–36.76%).
The tax rate for Chevron Corporation (CVX) is 36.76%. It is above its 12-month average by 1.79% (36.11%).
CVX Tax Rate Chart
CVX Average Tax Rate Chart
CVX Current vs Average Tax Rate Chart
CVX Tax Rate Metrics
TAX RATE
36.76%
TAX RATE AVG TTM
36.11%
TAX RATE AVG 3Y
32.05%
TAX RATE AVG 5Y
30.18%
TAX RATE AVG 10Y
30.88%
TAX RATE AVG 15Y
34.03%
TAX RATE AVG 20Y
36.38%
CURRENT VS TTM AVG
+1.79%
CURRENT VS 3Y AVG
+14.71%
CURRENT VS 5Y AVG
+21.81%
CURRENT VS 10Y AVG
+19.03%
CURRENT VS 15Y AVG
+8.03%
CURRENT VS 20Y AVG
+1.05%
Chevron Corporation Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Chevron Corporation Tax Rate FAQ
- What is the tax rate for Chevron Corporation (CVX)?
- The tax rate for CVX stock is 36.76%.
- Is Chevron Corporation's tax rate high or low?
- Chevron Corporation's tax rate of 36.76% is 22% above its 5-year average of 30.18%, near the high end of its 5-year range (25.39%–36.76%).
- What is the TTM average tax rate for Chevron Corporation (CVX)?
- The TTM average tax rate for CVX stock is 36.11%.
- What is the 3Y average tax rate for Chevron Corporation (CVX)?
- The 3Y average tax rate for CVX stock is 32.05%.
- What is the 5Y average tax rate for Chevron Corporation (CVX)?
- The 5Y average tax rate for CVX stock is 30.18%.
- What is the 10Y average tax rate for Chevron Corporation (CVX)?
- The 10Y average tax rate for CVX stock is 30.88%.
- What is the 15Y average tax rate for Chevron Corporation (CVX)?
- The 15Y average tax rate for CVX stock is 34.03%.
- What is the 20Y average tax rate for Chevron Corporation (CVX)?
- The 20Y average tax rate for CVX stock is 36.38%.
Chevron Corporation Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 36.76% |
| 2024-12-31 | 35.47% |
| 2023-12-31 | 27.63% |
| 2022-12-31 | 28.32% |
| 2021-12-31 | 27.50% |
| 2020-12-31 | 25.39% |
| 2019-12-31 | 48.61% |
| 2018-12-31 | 27.78% |
| 2017-12-31 | -0.52% |
| 2016-12-31 | 80.05% |
| 2015-12-31 | 2.73% |
| 2014-12-31 | 38.11% |
| 2013-12-31 | 39.85% |
| 2012-12-31 | 43.16% |
| 2011-12-31 | 43.30% |
| 2010-12-31 | 40.30% |
| 2009-12-31 | 42.99% |
| 2008-12-31 | 44.19% |
| 2007-12-31 | 41.90% |
| 2006-12-31 | 46.40% |
| 2005-12-31 | 44.04% |
| 2004-12-31 | 36.58% |
| 2003-12-31 | 41.76% |
| 2002-12-31 | 73.12% |
| 2001-12-31 | 52.59% |
| 2000-12-31 | 45.00% |
| 1999-12-31 | 44.13% |
| 1998-12-31 | 26.99% |
| 1997-12-31 | 40.82% |
| 1996-12-31 | 45.00% |
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