In Q4'25, Chevron's (CVX) operating cash flow reached $10.79B USD, marking a sequential increase from $9.39B in Q3'25 and reflecting robust year-end performance. Free cash flow for the same period stood at $5.88B USD, up from $5.42B in Q3'25, indicating improved liquidity after capital expenditures. Over the period from Q1'23 to Q4'25, operating cash flow exhibited volatility with a general upward trajectory, peaking at $12.43B in Q4'23 before dipping to $5.19B in Q1'25 and recovering to $10.79B by Q4'25, driven by seasonal and operational factors in the energy sector. Free cash flow followed a similar pattern, fluctuating between $1.86B and $11.44B, with notable growth in Q4'24 ($11.44B) and stabilization in late 2025, highlighting CVX's ability to generate positive cash amid varying investment demands.