As of Q4'25, Chevron (CVX) reported net income of USD 2.85B, reflecting a year-over-year decline of 12.2%. This marks a continued downward trend from the previous quarter, with net income decreasing from USD 3.54B in Q3'25. Over the period from Q1'23 to Q4'25, CVX's net income has shown significant volatility, peaking at USD 6.57B in Q1'23 and experiencing notable declines, particularly in Q4'23 (USD 2.26B) and Q2'25 (USD 2.49B). Year-over-year growth rates have been predominantly negative throughout the timeframe, with only a brief positive spike in Q4'24 (43.4%). Overall, the trend indicates persistent pressure on profitability, with net income remaining well below early 2023 levels.