Chevron (XSWX:CVX) Total Operating Expense: CHF32,397 Mil (TTM As of Mar. 2026)


XSWX:CVX Chevron Corp XSWX:CVX
62 GF Score
Price CHF137.28
GF Value CHF121.86
! 5 Warning Signs
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What is Chevron Total Operating Expense?

Chevron XSWX:CVX -1.17% 62 Total Operating Expense is CHF32,397 Mil as of Mar. 2026. GuruFocus rates XSWX:CVX with a GF Score™ of 62/100 and a GF Value™ of CHF121.86. The stock has 5 warning signs investors should review.

Chevron's Total Operating Expense for the three months ended in Mar. 2026 was CHF8,078 Mil. Chevron's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was CHF32,397 Mil.

Chevron Total Operating Expense Related Terms

Chevron Total Operating Expense Historical Data

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The historical data trend for Chevron's Total Operating Expense 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 Total Operating Expense Chart

Chevron Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26,941.09 31,704.21 29,543.30 33,888.83 31,407.42

Chevron Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8,015.14 7,413.13 8,512.70 8,392.95 8,078.49
XSWX:CVX
62GF Score
Chevron Corp XSWX:CVX
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Chevron Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF32,397 Mil.

* 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.

What does a Total Operating Expense of CHF32,397 Mil mean?
Chevron (XSWX:CVX) has a Total Operating Expense of CHF32,397 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Chevron and its competitors.
Is Chevron's Total Operating Expense too high?
Chevron's current Total Operating Expense is CHF32,397 Mil. Overall, Chevron has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does Chevron's Total Operating Expense compare to XOM and NFG?
Chevron's Total Operating Expense of CHF32,397 Mil 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 Total Operating Expense for an Oil & Gas company?
A good Total Operating Expense depends on the Oil & Gas industry context. However, Total Operating Expense 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 Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Chevron and its competitors. Chevron's current Total Operating Expense is CHF32,397 Mil. 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 Total Operating Expense of CHF32,397 Mil. The stock's GF Value™ is CHF121.86, compared to a current price of CHF137.28 — trading 12.7% above its estimated fair value. The current Total Operating Expense is CHF32,397 Mil. Chevron's overall GF Score™ is 62/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Chevron (XSWX:CVX), the current Total Operating Expense is CHF32,397 Mil 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 CHF137.28 is trading 12.7% above its estimated GF Value™ of CHF121.86.

Key valuation signals for XSWX:CVX:

  • Total Operating Expense: CHF32,397 Mil
  • GF Value™: CHF121.86 vs. price of CHF137.28 (12.7% above fair value)
  • GF Score™: 62/100 with 5 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 EnergyOil & Gas
Address 1400 Smith Street, Houston, TX, USA, 77002-7327
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.
62GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF137.28
Price
CHF121.86
GF Value