Chevron (XSWX:CVX) Tax Rate %: 41.89% (As of Mar. 2026)

What is Chevron Tax Rate %?

Chevron XSWX:CVX +1.92% 63 Tax Rate % is 41.89% as of Mar. 2026. GuruFocus rates XSWX:CVX with a GF Score™ of 63/100 and a GF Value™ of CHF119.25. The stock has 6 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chevron's Tax Expense for the three months ended in Mar. 2026 was CHF1,301 Mil. Chevron's Pre-Tax Income for the three months ended in Mar. 2026 was CHF3,107 Mil. Therefore, Chevron's Tax Rate % for the quarter that ended in Mar. 2026 was 41.89%.

Chevron Tax Rate % Related Terms

Chevron Tax Rate % Historical Data

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The historical data trend for Chevron's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chevron Tax Rate % Chart

Chevron Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Tax Rate %

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27.50

28.32

27.63

35.47

36.76

Chevron Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Tax Rate %	Get a 7-Day Free Trial															37.09	39.35	33.27	38.14	41.89

63GF Score

Chevron Corp XSWX:CVX

Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.

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Chevron Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Chevron's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2025 )	/	Pre-Tax Income (A: Dec. 2025 )
	=	5783.9	/	15733.197
	=	36.76 %

Chevron's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2026 )	/	Pre-Tax Income (Q: Mar. 2026 )
	=	1301.407	/	3106.686
	=	41.89 %

Frequently Asked Questions Learn more about Tax Rate % →

What does a Tax Rate % of 41.89% mean?

Chevron (XSWX:CVX) has a Tax Rate % of 41.89% as of Mar. 2026.

Is Chevron's Tax Rate % too high?

Chevron's current Tax Rate % is 41.89%. Overall, Chevron has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.

How does Chevron's Tax Rate % compare to XOM and NFG?

Chevron's Tax Rate % of 41.89% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Tax Rate % for an Oil & Gas company?

A good Tax Rate % depends on the Oil & Gas industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Tax Rate % mean?

A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Chevron's current Tax Rate % is 41.89%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Chevron stock overvalued right now?

Chevron (XSWX:CVX) has a current Tax Rate % of 41.89%. The stock's GF Value™ is CHF119.25, compared to a current price of CHF137.92 — trading 15.7% above its estimated fair value. The current Tax Rate % is 41.89%. Chevron's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Tax Rate % calculated?

Tax Rate % is calculated from a company's financial statements. For Chevron (XSWX:CVX), the current Tax Rate % is 41.89% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Chevron (XSWX:CVX) Overvalued in 2026?

Based on GuruFocus' analysis, Chevron stock appears to be overvalued. The current stock price of CHF137.92 is trading 15.7% above its estimated GF Value™ of CHF119.25.

Key valuation signals for XSWX:CVX:

Tax Rate %: 41.89%
GF Value™: CHF119.25 vs. price of CHF137.92 (15.7% above fair value)
GF Score™: 63/100 with 6 warning signs

No single metric tells the full story. See the XSWX:CVX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chevron Business Description

Industry Energy Oil & Gas

Comparable Companies XOM NFG DEC UNTC SLNG SKYQ ECTM VIVK SAU:2222 SHSE:601857 LSE:SHEL XPAR:TTE BSP:PETR3 LSE:BP.OSL:EQNR HKSE:00386 ADX:ADNOCGAS MIL:ENI TSX:SU TSX:IMO

Other Exchanges CVX:USA CVX:Peru CVX:Mexico 1CVX:Italy CHVd:UK 0R2Q:UK CHV:Germany ZCVX:Canada CHEV:Canada CHVX34:Brazil CHV:Bulgaria CVX:Austria CVX:Argentina

Address 1400 Smith Street, Houston, TX, USA, 77002-7327

Website https://www.chevron.com

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with 2025 worldwide net oil-equivalent production of 3.7 million barrels per day, including 8.5 billion cubic feet per day of natural gas and 2.3 million barrels of liquids per day. Production takes place in North America, South America, Europe, Africa, Asia, and Australia. The company's refining networks arelocated in the United States and Asia, with a total worldwide refining capacity of 1.8 million barrels of oil a day at year-end 2025. Net proved reserves at year-end 2025 stood at 10.6 billion barrels of oil equivalent, consisting of 5.7 billion barrels of liquids and 29.2 trillion cubic feet of natural gas.

63GF Score

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Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF137.92

Price

CHF119.25

GF Value

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