Chevron Corporation (CVX) Revenue by Segment

Chevron revenue by segment at a glance

In Q2 fiscal 2020 (the quarter ended June 30, 2020), Chevron's largest business segment was Downstream, with $11.24 billion or 71% of revenue. Next: Upstream (29%).

From company filings, in USD; latest quarter ended June 30, 2020; quarterly data from Q4 fiscal 2018.

Chevron Corporation

CVXEnergy

United States

Energy

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

DownstreamUpstreamAll other segments

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026 · calculated (full year minus the other periods)

Item	Revenue	Share	vs year before
Downstreamcalc	USD 50.77B	72.5%	+52.0%
Upstreamcalc	USD 19.14B	27.3%	+64.9%
All other segments	USD 146.00M	0.2%	–

Sum of items USD 70.06B. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q2 FY20
Downstream	50.8B	34.5B	31.3B	33.3B	33.4B	33.8B	37.7B	37.5B	39.3B	35.6B	11.2B
Upstream	19.1B	14.0B	15.5B	16.1B	11.6B	13.4B	22.3B	13.0B	11.7B	12.9B	4.7B
All other segments	146.0M	129.0M	136.0M	286.0M	–	398.0M	204.0M	148.0M	139.0M	206.0M	–

Chevron revenue by business segment, last 1 quarters

Business segment	Q2 FY20	Share
Downstream	$11.2B	71%
Upstream	$4.7B	29%

In USD, fiscal quarters as reported; share = part of Q2 FY20 revenue.

Questions and answers

What are Chevron's business segments?

Downstream and Upstream (as reported for Q2 fiscal 2020).

Which business segment makes the most money for Chevron?

Downstream: $11.24 billion, or 71% of revenue, in Q2 fiscal 2020.

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.