Chevron Corp (CVX)
Return on total capital
| Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 20,960,000 | 22,258,000 | 23,127,000 | 25,855,000 | 28,100,000 | 25,452,000 | 27,651,000 | 28,459,000 | 30,053,000 | 36,374,000 | 42,459,000 | 50,634,000 | 50,190,000 | 47,399,000 | 40,691,000 | 29,166,000 | 22,351,000 | 14,453,000 | 6,344,000 | -8,688,000 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 186,450,000 | 189,843,000 | 146,417,000 | 149,244,000 | 152,318,000 | 156,202,000 | 159,233,000 | 160,625,000 | 160,957,000 | 165,265,000 | 158,325,000 | 159,449,000 | 159,282,000 | 158,680,000 | 153,554,000 | 146,219,000 | 167,378,000 | 135,862,000 | 133,182,000 | 131,888,000 |
| Return on total capital | 11.24% | 11.72% | 15.80% | 17.32% | 18.45% | 16.29% | 17.37% | 17.72% | 18.67% | 22.01% | 26.82% | 31.76% | 31.51% | 29.87% | 26.50% | 19.95% | 13.35% | 10.64% | 4.76% | -6.59% |
December 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $20,960,000K ÷ ($—K + $186,450,000K)
= 11.24%
Peer comparison
Dec 31, 2025
Company name
Symbol
Return on total capital
Chevron Corp
CVX
11.24%
Exxon Mobil Corp
XOM
16.14%
National Fuel Gas Company
NFG
27.46%