As of Q4'25, Chevron (CVX) reported a Gross Margin of 25.97%, an Operating Margin of 9.81%, and a Net Profit Margin of 6.07%. These figures reflect the latest quarterly performance, marking a slight decrease in both Gross and Operating Margins compared to the previous quarter, while the Net Profit Margin also declined modestly. From Q1'23 to Q4'25, the chart reveals a generally declining trend across all margin metrics. Gross Margin fluctuated between 22.3% and 28.1%, peaking in early 2023 before gradually tapering off. Operating Margin and Net Profit Margin both experienced notable drops in Q4'23, followed by partial recoveries and continued volatility, ultimately settling at lower levels by the end of 2025. This downward trend suggests increasing cost pressures or margin compression over the observed period.