Free Trial

Chevron (CVX) Financials

Chevron logo
$137.78 +1.24 (+0.91%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$137.57 -0.21 (-0.15%)
As of 04:25 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Chevron

Annual Income Statements for Chevron

This table shows Chevron's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
17,661 21,369 35,465 15,625 -5,543 2,924 14,824 9,195 -497 4,587
Consolidated Net Income / (Loss)
17,749 21,411 35,608 15,689 -5,561 2,845 14,860 9,269 -431 4,710
Net Income / (Loss) Continuing Operations
17,749 21,411 35,608 15,689 -5,561 3,262 14,860 9,269 -431 4,710
Total Pre-Tax Income
27,506 29,584 49,674 21,639 -7,453 5,536 20,575 9,221 -2,160 4,842
Total Operating Income
28,100 30,053 50,190 22,351 -6,756 6,751 21,323 9,528 -1,959 4,842
Total Gross Profit
83,586 81,753 100,836 70,216 42,544 66,403 71,761 65,957 55,151 68,726
Total Revenue
202,792 200,949 246,252 162,465 94,692 146,516 166,339 141,722 114,472 138,477
Operating Revenue
202,792 200,949 246,252 162,465 94,692 146,516 166,339 141,722 114,472 138,477
Total Cost of Revenue
119,206 119,196 145,416 92,249 52,148 80,113 94,578 75,765 59,321 69,751
Operating Cost of Revenue
119,206 119,196 145,416 92,249 52,148 80,113 94,578 75,765 59,321 69,751
Total Operating Expenses
55,486 51,700 50,646 47,865 49,300 59,652 50,438 56,429 57,110 63,884
Selling, General & Admin Expense
32,298 29,028 29,026 24,740 24,536 25,528 24,382 23,237 24,207 27,477
Exploration Expense
995 914 974 549 1,537 770 1,210 864 1,033 3,340
Depreciation Expense
17,282 17,326 16,319 17,925 19,508 29,218 19,419 19,349 19,457 21,037
Other Operating Expenses / (Income)
4,911 4,432 4,327 4,651 3,719 4,553 5,427 12,979 12,413 12,030
Total Other Income / (Expense), net
-594 -469 -516 -712 -697 -798 -748 -307 -201 0.00
Interest Expense
594 469 516 712 697 798 748 307 201 0.00
Income Tax Expense
9,757 8,173 14,066 5,950 -1,892 2,691 5,715 -48 -1,729 132
Net Income / (Loss) Attributable to Noncontrolling Interest
88 42 143 64 -18 -79 36 74 66 123
Basic Earnings per Share
$9.76 $11.41 $18.36 $8.15 ($2.96) $1.55 $7.81 $4.88 ($0.27) $2.46
Weighted Average Basic Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.88B 1.87B 1.87B
Diluted Earnings per Share
$9.72 $11.36 $18.28 $8.14 ($2.96) $1.54 $7.74 $4.85 ($0.27) $2.45
Weighted Average Diluted Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.88B 1.87B 1.87B
Weighted Average Basic & Diluted Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.88B 1.87B 1.87B
Cash Dividends to Common per Share
$6.52 $6.04 $5.68 $5.31 $5.16 $4.76 - - - -

Quarterly Income Statements for Chevron

This table shows Chevron's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
3,500 3,239 4,487 4,434 5,501 2,259 6,526 6,010 6,574 6,353 11,231
Consolidated Net Income / (Loss)
3,512 3,259 4,496 4,443 5,551 2,243 6,555 6,008 6,605 6,378 11,238
Net Income / (Loss) Continuing Operations
3,512 3,259 4,496 4,443 5,551 2,243 6,555 6,008 6,605 6,378 11,238
Total Pre-Tax Income
5,583 6,059 6,489 7,036 7,922 3,490 8,738 7,837 9,519 9,808 14,809
Total Operating Income
5,795 6,258 6,653 7,149 8,040 3,610 8,852 7,957 9,634 9,867 14,937
Total Gross Profit
19,000 22,078 20,219 20,314 20,975 18,703 21,752 19,912 21,386 23,903 27,893
Total Revenue
47,610 52,226 50,669 51,181 48,716 47,180 54,080 48,896 50,793 56,473 66,644
Operating Revenue
47,610 52,226 50,669 51,181 48,716 47,180 54,080 48,896 50,793 56,473 66,644
Total Cost of Revenue
28,610 30,148 30,450 30,867 27,741 28,477 32,328 28,984 29,407 32,570 38,751
Operating Cost of Revenue
28,610 30,148 30,450 30,867 27,741 28,477 32,328 28,984 29,407 32,570 38,751
Total Operating Expenses
13,205 15,820 13,566 13,165 12,935 15,093 12,900 11,955 11,752 14,036 12,956
Selling, General & Admin Expense
7,629 9,207 7,886 7,662 7,543 7,479 7,462 7,185 6,902 7,855 7,385
Exploration Expense
187 449 154 263 129 254 301 169 190 453 116
Depreciation Expense
4,123 4,973 4,214 4,004 4,091 6,254 4,025 3,521 3,526 4,764 4,201
Other Operating Expenses / (Income)
1,266 1,191 1,312 1,236 1,172 1,106 1,112 1,080 1,134 900 1,254
Total Other Income / (Expense), net
-212 -199 -164 -113 -118 -120 -114 -120 -115 -123 -128
Interest Expense
212 199 164 113 118 120 114 120 115 123 128
Income Tax Expense
2,071 2,800 1,993 2,593 2,371 1,247 2,183 1,829 2,914 3,430 3,571
Net Income / (Loss) Attributable to Noncontrolling Interest
12 20 9.00 9.00 50 -16 29 -2.00 31 25 7.00
Basic Earnings per Share
$2.01 $1.85 $2.49 $2.43 $2.99 $1.23 $3.48 $3.22 $3.48 $3.34 $5.81
Weighted Average Basic Shares Outstanding
1.74B 1.76B 1.80B 1.83B 1.84B 1.86B 1.87B 1.87B 1.89B 1.91B 1.93B
Diluted Earnings per Share
$2.00 $1.84 $2.48 $2.43 $2.97 $1.22 $3.48 $3.20 $3.46 $3.33 $5.78
Weighted Average Diluted Shares Outstanding
1.75B 1.76B 1.81B 1.83B 1.85B 1.86B 1.88B 1.88B 1.90B 1.91B 1.94B
Weighted Average Basic & Diluted Shares Outstanding
1.75B 1.76B 1.80B 1.83B 1.85B 1.86B 1.89B 1.87B 1.89B 1.91B 1.93B

Annual Cash Flow Statements for Chevron

This table details how cash moves in and out of Chevron's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-1,013 -9,846 12,326 58 -174 -3,570 4,629 -2,471 -3,708 -1,763
Net Cash From Operating Activities
31,492 35,609 49,602 29,187 10,577 27,314 30,618 20,338 12,690 19,456
Net Cash From Continuing Operating Activities
31,492 35,609 49,602 29,187 10,577 27,314 30,618 20,338 12,690 19,456
Net Income / (Loss) Continuing Operations
17,749 21,411 35,608 15,689 -5,561 2,845 14,860 9,269 -431 4,710
Consolidated Net Income / (Loss)
17,749 21,411 35,608 15,689 -5,561 2,845 14,860 9,269 -431 4,710
Depreciation Expense
17,282 17,326 16,319 17,925 19,508 29,218 19,419 19,349 19,457 21,037
Non-Cash Adjustments To Reconcile Net Income
-2,824 -2,156 -3,068 -3,077 1,399 -1,854 -4,094 -3,475 -1,351 -1,549
Changes in Operating Assets and Liabilities, net
-715 -972 743 -1,350 -4,769 -2,895 433 -4,805 -4,985 -4,742
Net Cash From Investing Activities
-8,936 -15,232 -12,108 -5,865 -6,965 -11,458 -12,290 -8,320 -16,370 -23,808
Net Cash From Continuing Investing Activities
-8,936 -15,232 -12,108 -5,865 -6,965 -11,458 -12,290 -8,320 -16,370 -23,808
Purchase of Property, Plant & Equipment
-16,448 -15,829 -11,974 -8,056 -8,922 -14,116 -13,792 -13,404 -18,109 -29,504
Acquisitions
0.00 55 -2,862 0.00 0.00 - - - - -
Purchase of Investments
41 175 117 -1.00 -1,419 -1,245 -51 -16 -2,034 -217
Sale of Property, Plant & Equipment
7,704 669 2,635 1,791 2,968 2,951 2,392 5,096 3,476 5,739
Sale and/or Maturity of Investments
-233 -302 -24 401 35 2.00 111 4.00 297 166
Net Cash From Financing Activities
-23,472 -30,109 -24,978 -23,113 -3,736 -19,758 -13,699 -14,554 25 2,815
Net Cash From Continuing Financing Activities
-23,472 -30,109 -24,978 -23,113 -3,736 -19,758 -13,699 -14,554 25 2,815
Repayment of Debt
3,090 -4,205 -8,479 -12,936 -4,838 -7,846 -6,741 -11,452 546 -32
Repurchase of Common Equity
-15,044 -14,678 -5,417 38 -1,531 -2,935 -604 1,117 650 -
Payment of Dividends
-11,996 -11,376 -11,082 -10,215 -9,675 -8,977 -8,593 -8,210 -8,095 -8,120
Issuance of Debt
478 150 0.00 0.00 12,308 0.00 2,239 3,991 6,924 10,756
Effect of Exchange Rate Changes
-97 -114 -190 -151 -50 332 - 65 -53 -226

Quarterly Cash Flow Statements for Chevron

This table details how cash moves in and out of Chevron's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-2,096 2,498 799 -2,247 -2,063 2,269 -3,394 -6,499 -2,222 2,424 3,341
Net Cash From Operating Activities
5,189 8,695 9,674 6,295 6,828 12,434 9,673 6,297 7,205 12,498 15,267
Net Cash From Continuing Operating Activities
5,189 8,695 9,674 6,295 6,828 12,434 9,673 6,297 7,205 12,498 15,267
Net Income / (Loss) Continuing Operations
3,512 3,259 4,496 4,443 5,551 2,243 6,555 6,008 6,605 6,378 11,238
Consolidated Net Income / (Loss)
3,512 3,259 4,496 4,443 5,551 2,243 6,555 6,008 6,605 6,378 11,238
Depreciation Expense
4,123 4,973 4,214 4,004 4,091 6,254 4,025 3,521 3,526 4,764 4,201
Non-Cash Adjustments To Reconcile Net Income
-2,451 1,354 936 -2,141 -2,973 4,975 -243 -3,666 -3,222 1,256 -316
Changes in Operating Assets and Liabilities, net
5.00 -891 28 -11 159 -1,038 -664 434 296 100 144
Net Cash From Investing Activities
-5,618 2,670 -3,696 -3,954 -3,956 -4,071 -4,410 -3,944 -2,807 -3,712 -2,767
Net Cash From Continuing Investing Activities
-5,618 2,670 -3,696 -3,954 -3,956 -4,071 -4,410 -3,944 -2,807 -3,712 -2,767
Purchase of Property, Plant & Equipment
-3,927 -4,338 -4,055 -3,966 -4,089 -4,361 -4,673 -3,757 -3,038 -3,835 -2,995
Acquisitions
-2,225 - - - - - - - - - -
Purchase of Investments
0.00 - -4.00 61 -16 91 175 -186 95 79 39
Sale of Property, Plant & Equipment
600 7,084 402 114 104 259 86 105 219 150 136
Sale and/or Maturity of Investments
-66 -76 -39 -163 45 -60 -53 -106 -83 -106 53
Net Cash From Financing Activities
-1,664 -8,782 -5,262 -4,565 -4,863 -6,167 -8,621 -8,748 -6,573 -6,449 -9,025
Net Cash From Continuing Financing Activities
-1,664 -8,782 -5,262 -4,565 -4,863 -6,167 -8,621 -8,748 -6,573 -6,449 -9,025
Repayment of Debt
-461 -1,463 2,484 1,245 824 35 -2,394 -1,746 -100 -308 -2,518
Repurchase of Common Equity
-3,699 -4,509 -4,714 -2,930 -2,891 -3,397 -3,334 -4,340 -3,607 -3,417 -3,697
Payment of Dividends
-2,995 -2,885 -3,132 -2,980 -2,999 -2,805 -2,893 -2,812 -2,866 -2,724 -2,810
Issuance of Debt
5,491 75 100 100 203 - - 150 0.00 - -
Effect of Exchange Rate Changes
-3.00 -85 83 -23 -72 73 -36 -104 -47 87 -134

Annual Balance Sheets for Chevron

This table presents Chevron's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
256,938 261,632 257,709 239,535 239,790 237,428 253,863 253,806 260,078 264,540
Total Current Assets
40,911 41,128 50,343 33,738 26,078 28,329 34,021 28,560 29,619 34,430
Cash & Equivalents
6,781 8,178 17,678 5,640 5,596 5,686 9,342 4,813 6,988 11,022
Short-Term Investments
4.00 45 223 35 31 63 53 9.00 13 310
Note & Lease Receivable
20,684 19,921 20,456 18,419 11,471 13,325 15,050 15,353 14,092 12,860
Inventories, net
9,074 8,612 8,247 6,795 5,676 5,848 5,704 5,585 5,419 6,334
Prepaid Expenses
4,368 4,372 3,739 2,849 3,304 3,407 2,922 2,800 3,107 3,904
Plant, Property, & Equipment, net
147,799 153,619 143,591 146,961 156,618 150,494 169,207 177,712 182,186 188,396
Plant, Property & Equipment, gross
345,933 346,081 327,785 336,045 345,232 326,722 340,244 344,485 336,077 340,277
Accumulated Depreciation
198,134 192,462 184,194 189,084 188,614 176,228 171,037 166,773 153,891 151,881
Total Noncurrent Assets
68,228 66,885 63,775 58,836 57,094 58,605 50,635 47,534 48,273 41,714
Long-Term Investments
47,438 46,812 45,238 40,696 39,052 38,688 35,546 32,497 30,250 27,110
Noncurrent Note & Lease Receivables
877 942 1,069 603 589 1,511 1,942 2,849 2,485 2,412
Goodwill
4,578 4,722 4,722 4,385 4,402 4,463 4,518 4,531 4,581 4,588
Other Noncurrent Operating Assets
15,335 14,409 12,746 13,152 13,051 13,943 8,629 7,657 10,957 7,604
Total Liabilities & Shareholders' Equity
256,938 261,632 257,709 239,535 239,790 237,428 253,863 253,806 260,078 264,540
Total Liabilities
103,781 99,703 97,467 99,595 107,064 92,220 98,221 104,487 113,356 110,654
Total Current Liabilities
38,558 32,258 34,208 26,791 22,183 26,530 27,171 27,737 31,785 25,467
Short-Term Debt
4,406 529 1,964 256 1,548 3,282 5,726 5,192 10,840 4,927
Accounts Payable
22,079 20,423 18,955 16,454 10,950 14,103 13,953 14,565 13,986 13,516
Accrued Expenses
8,486 7,655 7,486 6,972 7,812 6,589 4,927 5,267 4,882 4,833
Current Deferred & Payable Income Tax Liabilities
1,872 1,863 4,381 1,700 921 1,554 1,628 1,600 1,050 1,073
Other Taxes Payable
1,715 1,788 1,422 1,409 952 1,002 937 1,113 1,027 1,118
Total Noncurrent Liabilities
65,223 67,445 63,259 72,804 84,881 65,690 71,050 76,750 81,571 85,187
Long-Term Debt
20,135 20,307 21,375 31,113 42,767 23,691 28,733 33,571 35,193 33,542
Noncurrent Deferred Revenue
22,094 24,226 20,396 20,778 20,328 20,445 19,742 21,106 21,553 23,465
Noncurrent Deferred & Payable Income Tax Liabilities
19,137 18,830 17,131 14,665 12,569 13,688 15,921 14,652 17,516 20,165
Noncurrent Employee Benefit Liabilities
3,857 4,082 4,357 6,248 9,217 7,866 6,654 7,421 7,216 7,935
Total Equity & Noncontrolling Interests
153,157 161,929 160,242 139,940 132,726 145,208 155,642 149,319 146,722 153,886
Total Preferred & Common Equity
152,318 160,957 159,282 139,067 131,688 144,213 154,554 148,124 145,556 152,716
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
152,318 160,957 159,282 139,067 131,688 144,213 154,554 148,124 145,556 152,716
Common Stock
23,503 23,197 20,492 19,114 18,661 19,097 18,944 18,680 18,427 18,162
Retained Earnings
205,852 200,025 190,024 165,546 160,377 174,945 180,987 174,106 173,046 181,578
Treasury Stock
-74,037 -59,065 -48,196 -41,464 -41,498 -44,599 -41,593 -40,833 -41,834 -42,493
Accumulated Other Comprehensive Income / (Loss)
-2,760 -2,960 -2,798 -3,889 -5,612 -4,990 -3,544 -3,589 -3,843 -4,291
Other Equity Adjustments
-240 -240 -240 -240 -240 -240 -240 -240 -240 -240
Noncontrolling Interest
839 972 960 873 1,038 995 1,088 1,195 1,166 1,170

Quarterly Balance Sheets for Chevron

This table presents Chevron's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
256,397 256,938 259,232 260,644 261,651 261,632 263,927 251,779 255,886 257,709 259,735
Total Current Assets
38,574 40,911 38,187 39,369 40,508 41,128 41,732 42,790 48,351 50,343 51,503
Cash & Equivalents
4,638 6,781 4,699 4,008 6,278 8,178 5,797 9,292 15,668 17,678 15,164
Short-Term Investments
5.00 4.00 4.00 0.00 0.00 45 141 318 130 223 267
Note & Lease Receivable
19,560 20,684 19,591 20,752 20,414 19,921 21,993 19,285 19,021 20,456 22,466
Inventories, net
9,167 9,074 9,725 10,477 9,942 8,612 9,428 9,198 9,232 8,247 9,002
Prepaid Expenses
5,204 4,368 4,168 4,132 3,874 4,372 4,373 4,697 4,300 3,739 4,604
Plant, Property, & Equipment, net
148,124 147,799 147,891 153,003 153,641 153,619 153,972 142,768 142,951 143,591 144,144
Plant, Property & Equipment, gross
348,820 345,933 343,450 349,859 350,501 346,081 342,522 327,084 330,409 327,785 325,102
Accumulated Depreciation
200,696 198,134 195,559 196,856 196,860 192,462 188,550 184,316 187,458 184,194 180,958
Total Noncurrent Assets
69,699 68,228 73,154 68,272 67,502 66,885 68,223 66,221 64,584 63,775 64,088
Long-Term Investments
49,150 47,438 47,476 47,654 47,650 46,812 48,123 46,769 46,248 45,238 45,154
Noncurrent Note & Lease Receivables
942 877 942 974 968 942 1,055 940 1,036 1,069 1,099
Goodwill
4,568 4,578 4,722 4,722 4,722 4,722 4,722 4,722 4,722 4,722 4,663
Other Noncurrent Operating Assets
15,039 15,335 20,014 14,922 14,162 14,409 14,323 13,790 12,578 12,746 13,172
Total Liabilities & Shareholders' Equity
256,397 256,938 259,232 260,644 261,651 261,632 263,927 251,779 255,886 257,709 259,735
Total Liabilities
106,317 103,781 102,202 100,381 99,995 99,703 97,679 92,481 95,452 97,467 100,108
Total Current Liabilities
35,702 38,558 35,718 34,027 32,940 32,258 33,263 29,847 33,735 34,208 36,883
Short-Term Debt
4,076 4,406 5,144 1,735 282 529 440 1,269 2,931 1,964 2,221
Accounts Payable
20,878 22,079 20,037 21,007 21,257 20,423 21,649 18,656 17,942 18,955 21,699
Accrued Expenses
8,374 8,486 8,313 9,054 7,777 7,655 7,618 7,262 6,658 7,486 7,181
Current Deferred & Payable Income Tax Liabilities
842 1,872 702 893 2,001 1,863 1,927 1,548 4,883 4,381 4,020
Other Taxes Payable
1,532 1,715 1,522 1,338 1,623 1,788 1,629 1,112 1,321 1,422 1,762
Total Noncurrent Liabilities
70,615 65,223 66,484 66,354 67,055 67,445 64,416 62,634 61,717 63,259 63,225
Long-Term Debt
25,605 20,135 20,697 21,449 21,553 20,307 20,119 20,245 20,275 21,375 21,420
Noncurrent Deferred Revenue
21,610 22,094 21,955 21,454 22,448 24,226 20,884 19,980 19,606 20,396 20,005
Noncurrent Deferred & Payable Income Tax Liabilities
19,594 19,137 19,899 19,509 19,106 18,830 19,637 18,451 17,736 17,131 16,616
Noncurrent Employee Benefit Liabilities
3,806 3,857 3,933 3,942 3,948 4,082 3,776 3,958 4,100 4,357 5,184
Total Equity & Noncontrolling Interests
150,080 153,157 157,030 160,263 161,656 161,929 166,248 159,298 160,434 160,242 159,627
Total Preferred & Common Equity
149,244 152,318 156,202 159,233 160,625 160,957 165,265 158,325 159,449 159,282 158,680
Preferred Stock
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity
149,244 152,318 156,202 159,233 160,625 160,957 165,265 158,325 159,449 159,282 158,680
Common Stock
23,551 23,503 23,410 23,327 23,275 23,197 23,149 20,590 20,546 20,492 20,419
Retained Earnings
206,359 205,852 205,503 203,960 202,514 200,025 200,593 196,926 193,738 190,024 186,394
Treasury Stock
-77,717 -74,037 -69,646 -64,890 -61,959 -59,065 -55,640 -56,240 -51,854 -48,196 -44,720
Accumulated Other Comprehensive Income / (Loss)
-2,709 -2,760 -2,825 -2,924 -2,965 -2,960 -2,597 -2,711 -2,741 -2,798 -3,173
Other Equity Adjustments
-240 -240 -240 -240 -240 -240 -240 -240 -240 -240 -240
Noncontrolling Interest
836 839 828 1,030 1,031 972 983 973 985 960 947

Annual Metrics And Ratios for Chevron

This table displays calculated financial ratios and metrics derived from Chevron's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
0.92% -18.40% 51.57% 71.57% -35.37% -11.92% 17.37% 23.80% -17.34% -34.67%
EBITDA Growth
-4.21% -28.76% 65.13% 215.84% -64.55% -11.72% 41.09% 65.03% -32.39% -46.08%
EBIT Growth
-6.50% -40.12% 124.55% 430.83% -200.07% -68.34% 123.79% 586.37% -140.46% -84.48%
NOPAT Growth
-16.63% -39.55% 122.01% 442.66% -236.31% -77.47% 60.79% 798.43% -129.11% -75.61%
Net Income Growth
-17.10% -39.87% 126.96% 382.13% -295.47% -80.85% 60.32% 2,250.58% -109.15% -75.61%
EPS Growth
-14.44% -37.86% 124.57% 375.00% -292.21% -80.10% 59.59% 1,896.30% -111.02% -75.84%
Operating Cash Flow Growth
-11.56% -28.21% 69.95% 175.95% -61.28% -10.79% 50.55% 60.27% -34.78% -38.19%
Free Cash Flow Firm Growth
54.80% -64.27% 71.29% 352.79% -144.75% -0.56% 45.74% 584.37% 44.91% -246.45%
Invested Capital Growth
-3.33% 6.05% -3.60% -5.61% 3.62% -12.00% -3.72% -3.11% 1.04% 7.03%
Revenue Q/Q Growth
2.55% -4.42% 3.51% 16.39% -10.50% -3.94% 2.93% 4.51% 2.01% -10.84%
EBITDA Q/Q Growth
3.11% -9.14% 4.36% 25.27% -27.72% -5.02% 11.29% 6.29% 9.31% -21.45%
EBIT Q/Q Growth
10.40% -17.23% 5.97% 53.58% 51.07% -65.96% 20.42% 14.09% 57.83% -61.06%
NOPAT Q/Q Growth
6.17% -15.81% 3.72% 53.27% 51.07% -75.10% 4.68% 43.63% 57.83% -46.09%
Net Income Q/Q Growth
6.07% -16.19% 3.78% 57.66% 51.94% -78.50% 4.24% 40.67% 69.73% -46.09%
EPS Q/Q Growth
6.81% -15.66% 3.98% 57.14% 51.55% -77.91% 4.17% 41.40% 66.25% -46.85%
Operating Cash Flow Q/Q Growth
-10.61% -0.18% 6.53% 32.87% -24.43% -11.34% 11.10% 13.29% -6.28% -9.07%
Free Cash Flow Firm Q/Q Growth
17.01% -8.31% 3.93% 298.34% -221.45% 1.21% 9.55% 23.13% 58.96% -263.46%
Invested Capital Q/Q Growth
-5.52% -3.78% -1.83% -1.58% 8.23% -8.53% -0.82% -0.04% -0.17% 1.40%
Profitability Metrics
- - - - - - - - - -
Gross Margin
41.22% 40.68% 40.95% 43.22% 44.93% 45.32% 43.14% 46.54% 48.18% 49.63%
EBITDA Margin
22.38% 23.58% 27.01% 24.79% 13.47% 24.55% 24.49% 20.38% 15.29% 18.69%
Operating Margin
13.86% 14.96% 20.38% 13.76% -7.13% 4.61% 12.82% 6.72% -1.71% 3.50%
EBIT Margin
13.86% 14.96% 20.38% 13.76% -7.13% 4.61% 12.82% 6.72% -1.71% 3.50%
Profit (Net Income) Margin
8.75% 10.65% 14.46% 9.66% -5.87% 1.94% 8.93% 6.54% -0.38% 3.40%
Tax Burden Percent
64.53% 72.37% 71.68% 72.50% 74.61% 51.39% 72.22% 100.52% 19.95% 97.27%
Interest Burden Percent
97.89% 98.44% 98.97% 96.81% 110.32% 82.00% 96.49% 96.78% 110.26% 100.00%
Effective Tax Rate
35.47% 27.63% 28.32% 27.50% 0.00% 48.61% 27.78% -0.52% 0.00% 2.73%
Return on Invested Capital (ROIC)
14.44% 17.53% 29.32% 12.60% -3.64% 2.54% 10.41% 6.25% -0.89% 3.16%
ROIC Less NNEP Spread (ROIC-NNEP)
15.64% 18.45% 30.67% 19.32% 5.70% 7.01% 22.36% 0.27% 20.05% 3.16%
Return on Net Nonoperating Assets (RNNOA)
-3.17% -4.24% -5.60% -1.09% -0.37% -0.65% -0.66% 0.01% 0.60% -0.12%
Return on Equity (ROE)
11.27% 13.29% 23.72% 11.51% -4.00% 1.89% 9.75% 6.26% -0.29% 3.04%
Cash Return on Invested Capital (CROIC)
17.82% 11.66% 32.99% 18.37% -7.19% 15.31% 14.20% 9.41% -1.92% -3.63%
Operating Return on Assets (OROA)
10.84% 11.57% 20.19% 9.33% -2.83% 2.75% 8.40% 3.71% -0.75% 1.83%
Return on Assets (ROA)
6.85% 8.25% 14.32% 6.55% -2.33% 1.16% 5.85% 3.61% -0.16% 1.78%
Return on Common Equity (ROCE)
11.20% 13.21% 23.58% 11.43% -3.97% 1.88% 9.67% 6.21% -0.28% 3.02%
Return on Equity Simple (ROE_SIMPLE)
11.65% 13.30% 22.36% 11.28% -4.22% 1.97% 9.61% 6.26% -0.30% 3.08%
Net Operating Profit after Tax (NOPAT)
18,132 21,750 35,978 16,205 -4,729 3,469 15,400 9,578 -1,371 4,710
NOPAT Margin
8.94% 10.82% 14.61% 9.97% -4.99% 2.37% 9.26% 6.76% -1.20% 3.40%
Net Nonoperating Expense Percent (NNEP)
-1.20% -0.92% -1.35% -6.72% -9.33% -4.47% -11.95% 5.98% -20.94% 0.00%
Return On Investment Capital (ROIC_SIMPLE)
10.20% 11.90% 19.60% - - - - - - -
Cost of Revenue to Revenue
58.78% 59.32% 59.05% 56.78% 55.07% 54.68% 56.86% 53.46% 51.82% 50.37%
SG&A Expenses to Revenue
15.93% 14.45% 11.79% 15.23% 25.91% 17.42% 14.66% 16.40% 21.15% 19.84%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
27.36% 25.73% 20.57% 29.46% 52.06% 40.71% 30.32% 39.82% 49.89% 46.13%
Earnings before Interest and Taxes (EBIT)
28,100 30,053 50,190 22,351 -6,756 6,751 21,323 9,528 -1,959 4,842
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
45,382 47,379 66,509 40,276 12,752 35,969 40,742 28,877 17,498 25,879
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.69 1.66 1.99 1.49 1.06 1.32 1.08 1.21 1.13 0.79
Price to Tangible Book Value (P/TBV)
1.74 1.71 2.05 1.54 1.09 1.36 1.11 1.25 1.17 0.81
Price to Revenue (P/Rev)
1.27 1.33 1.29 1.28 1.47 1.30 1.00 1.27 1.44 0.87
Price to Earnings (P/E)
14.58 12.49 8.93 13.30 0.00 65.08 11.25 19.57 0.00 26.26
Dividend Yield
4.55% 4.27% 3.47% 4.93% 6.92% 4.73% 5.13% 4.56% 4.90% 6.69%
Earnings Yield
6.86% 8.00% 11.20% 7.52% 0.00% 1.54% 8.89% 5.11% 0.00% 3.81%
Enterprise Value to Invested Capital (EV/IC)
1.85 1.83 2.31 1.55 1.06 1.36 1.08 1.21 1.13 0.79
Enterprise Value to Revenue (EV/Rev)
1.13 1.16 1.13 1.19 1.48 1.19 0.95 1.29 1.53 0.88
Enterprise Value to EBITDA (EV/EBITDA)
5.04 4.93 4.18 4.81 10.97 4.83 3.86 6.32 10.01 4.70
Enterprise Value to EBIT (EV/EBIT)
8.14 7.78 5.54 8.67 0.00 25.75 7.38 19.16 0.00 25.14
Enterprise Value to NOPAT (EV/NOPAT)
12.61 10.75 7.72 11.95 0.00 50.11 10.22 19.06 0.00 25.85
Enterprise Value to Operating Cash Flow (EV/OCF)
7.26 6.56 5.60 6.64 13.22 6.36 5.14 8.98 13.80 6.26
Enterprise Value to Free Cash Flow (EV/FCFF)
10.21 16.16 6.86 8.20 0.00 8.32 7.50 12.67 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.16 0.13 0.15 0.22 0.33 0.19 0.22 0.26 0.31 0.25
Long-Term Debt to Equity
0.13 0.13 0.13 0.22 0.32 0.16 0.18 0.22 0.24 0.22
Financial Leverage
-0.20 -0.23 -0.18 -0.06 -0.06 -0.09 -0.03 0.03 0.03 -0.04
Leverage Ratio
1.65 1.61 1.66 1.76 1.72 1.63 1.66 1.74 1.75 1.71
Compound Leverage Factor
1.61 1.59 1.64 1.70 1.89 1.34 1.61 1.68 1.92 1.71
Debt to Total Capital
13.81% 11.40% 12.71% 18.31% 25.03% 15.67% 18.13% 20.61% 23.92% 20.03%
Short-Term Debt to Total Capital
2.48% 0.29% 1.07% 0.15% 0.87% 1.91% 3.01% 2.76% 5.62% 2.56%
Long-Term Debt to Total Capital
11.33% 11.11% 11.64% 18.16% 24.16% 13.76% 15.11% 17.85% 18.30% 17.47%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.47% 0.53% 0.52% 0.51% 0.59% 0.58% 0.57% 0.64% 0.60% 0.61%
Common Equity to Total Capital
85.72% 88.07% 86.76% 81.18% 74.38% 83.76% 81.30% 78.76% 75.48% 79.36%
Debt to EBITDA
0.54 0.44 0.35 0.78 3.48 0.75 0.85 1.34 2.64 1.49
Net Debt to EBITDA
-0.65 -0.72 -0.60 -0.37 -0.03 -0.49 -0.26 0.05 0.51 0.00
Long-Term Debt to EBITDA
0.44 0.43 0.32 0.77 3.35 0.66 0.71 1.16 2.02 1.30
Debt to NOPAT
1.35 0.96 0.65 1.94 -9.37 7.77 2.24 4.05 -33.64 8.18
Net Debt to NOPAT
-1.64 -1.57 -1.11 -0.93 0.08 -5.03 -0.68 0.15 -6.47 0.02
Long-Term Debt to NOPAT
1.11 0.93 0.59 1.92 -9.04 6.83 1.87 3.51 -25.73 7.14
Altman Z-Score
3.77 3.86 4.65 3.24 2.04 2.99 2.98 2.68 2.21 2.24
Noncontrolling Interest Sharing Ratio
0.57% 0.60% 0.61% 0.70% 0.73% 0.69% 0.75% 0.80% 0.78% 0.75%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.06 1.28 1.47 1.26 1.18 1.07 1.25 1.03 0.93 1.35
Quick Ratio
0.71 0.87 1.12 0.90 0.77 0.72 0.90 0.73 0.66 0.95
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
22,387 14,462 40,474 23,629 -9,347 20,885 21,003 14,412 -2,975 -5,401
Operating Cash Flow to CapEx
360.16% 234.89% 531.13% 465.87% 177.65% 244.64% 268.58% 244.80% 86.72% 81.87%
Free Cash Flow to Firm to Interest Expense
37.69 30.84 78.44 33.19 -13.41 26.17 28.08 46.94 -14.80 0.00
Operating Cash Flow to Interest Expense
53.02 75.93 96.13 40.99 15.18 34.23 40.93 66.25 63.13 0.00
Operating Cash Flow Less CapEx to Interest Expense
38.30 43.60 78.03 32.19 6.63 20.24 25.69 39.19 -9.67 0.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.78 0.77 0.99 0.68 0.40 0.60 0.66 0.55 0.44 0.52
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
13.48 14.14 19.33 14.79 9.05 13.87 16.76 13.77 10.09 10.87
Fixed Asset Turnover
1.35 1.35 1.70 1.07 0.62 0.92 0.96 0.79 0.62 0.75
Accounts Payable Turnover
5.61 6.05 8.21 6.73 4.16 5.71 6.63 5.31 4.31 4.29
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
27.08 25.81 18.88 24.67 40.33 26.32 21.78 26.51 36.16 33.59
Days Payable Outstanding (DPO)
65.07 60.29 44.44 54.21 87.68 63.91 55.03 68.77 84.61 85.08
Cash Conversion Cycle (CCC)
-37.99 -34.48 -25.56 -29.54 -47.35 -37.60 -33.25 -42.27 -48.45 -51.48
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
123,475 127,730 120,442 124,938 132,362 127,744 145,160 150,763 155,597 153,993
Invested Capital Turnover
1.61 1.62 2.01 1.26 0.73 1.07 1.12 0.93 0.74 0.93
Increase / (Decrease) in Invested Capital
-4,255 7,288 -4,496 -7,424 4,618 -17,416 -5,603 -4,834 1,604 10,111
Enterprise Value (EV)
228,592 233,759 277,803 193,697 139,838 173,839 157,436 182,583 175,176 121,745
Market Capitalization
257,435 266,986 316,643 207,826 139,164 190,308 166,830 179,944 165,135 120,468
Book Value per Share
$84.76 $85.26 $82.37 $72.14 $70.52 $76.27 $80.89 $77.99 $77.10 $81.14
Tangible Book Value per Share
$82.21 $82.76 $79.93 $69.87 $68.16 $73.91 $78.52 $75.60 $74.68 $78.71
Total Capital
177,698 182,765 183,581 171,309 177,041 172,181 190,101 188,082 192,848 192,435
Total Debt
24,541 20,836 23,339 31,369 44,315 26,973 34,459 38,763 46,126 38,549
Total Long-Term Debt
20,135 20,307 21,375 31,113 42,767 23,691 28,733 33,571 35,286 33,622
Net Debt
-29,682 -34,199 -39,800 -15,002 -364 -17,464 -10,482 1,444 8,875 107
Capital Expenditures (CapEx)
8,744 15,160 9,339 6,265 5,954 11,165 11,400 8,308 14,633 23,765
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-26 1,176 198 1,528 -184 -668 3,181 1,193 1,673 2,558
Debt-free Net Working Capital (DFNWC)
6,759 9,399 18,099 7,203 5,443 5,081 12,576 6,015 8,674 13,890
Net Working Capital (NWC)
2,353 8,870 16,135 6,947 3,895 1,799 6,850 823 -2,166 8,963
Net Nonoperating Expense (NNE)
383 339 370 516 832 624 540 309 -940 0.00
Net Nonoperating Obligations (NNO)
-29,682 -34,199 -39,800 -15,002 -364 -17,464 -10,482 1,444 8,875 107
Total Depreciation and Amortization (D&A)
17,282 17,326 16,319 17,925 19,508 29,218 19,419 19,349 19,457 21,037
Debt-free, Cash-free Net Working Capital to Revenue
-0.01% 0.59% 0.08% 0.94% -0.19% -0.46% 1.91% 0.84% 1.46% 1.85%
Debt-free Net Working Capital to Revenue
3.33% 4.68% 7.35% 4.43% 5.75% 3.47% 7.56% 4.24% 7.58% 10.03%
Net Working Capital to Revenue
1.16% 4.41% 6.55% 4.28% 4.11% 1.23% 4.12% 0.58% -1.89% 6.47%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$9.76 $11.41 $18.36 $8.15 ($2.96) $1.55 $7.81 $4.88 ($0.27) $2.46
Adjusted Weighted Average Basic Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.91B 1.89B 1.88B
Adjusted Diluted Earnings per Share
$9.72 $11.36 $18.28 $8.14 ($2.96) $1.54 $7.74 $4.85 ($0.27) $2.45
Adjusted Weighted Average Diluted Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.91B 1.89B 1.88B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.76B 1.86B 1.91B 1.95B 1.93B 1.88B 1.90B 1.91B 1.89B 1.88B
Normalized Net Operating Profit after Tax (NOPAT)
18,132 21,750 35,978 16,205 -4,729 3,469 15,400 6,670 -1,371 4,710
Normalized NOPAT Margin
8.94% 10.82% 14.61% 9.97% -4.99% 2.37% 9.26% 4.71% -1.20% 3.40%
Pre Tax Income Margin
13.56% 14.72% 20.17% 13.32% -7.87% 3.78% 12.37% 6.51% -1.89% 3.50%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
47.31 64.08 97.27 31.39 -9.69 8.46 28.51 31.04 -9.75 0.00
NOPAT to Interest Expense
30.53 46.38 69.72 22.76 -6.79 4.35 20.59 31.20 -6.82 0.00
EBIT Less CapEx to Interest Expense
32.59 31.75 79.17 22.59 -18.24 -5.53 13.27 3.97 -82.55 0.00
NOPAT Less CapEx to Interest Expense
15.81 14.05 51.63 13.96 -15.33 -9.64 5.35 4.14 -79.62 0.00
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
67.59% 53.13% 31.12% 65.11% -173.98% 315.54% 57.83% 88.57% -1,878.19% 172.40%
Augmented Payout Ratio
152.35% 121.69% 46.34% 64.87% -201.51% 418.70% 61.89% 76.52% -1,727.38% 172.40%

Quarterly Metrics And Ratios for Chevron

This table displays calculated financial ratios and metrics derived from Chevron's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-2.27% 10.70% -6.31% 4.67% -4.09% -16.46% -18.85% -28.89% -6.58% 17.34% 49.06%
EBITDA Growth
-18.24% 13.86% -15.61% -2.83% -7.82% -32.58% -32.72% -42.12% 1.95% 23.44% 51.49%
EBIT Growth
-27.92% 73.35% -24.84% -10.15% -16.55% -63.41% -40.74% -50.68% 4.11% 40.16% 79.34%
NOPAT Growth
-35.29% 45.08% -30.58% -25.99% -15.72% -63.84% -41.42% -48.35% 4.20% 25.27% 79.27%
Net Income Growth
-36.73% 45.30% -31.41% -26.05% -15.96% -64.83% -41.67% -48.72% 5.23% 25.50% 83.78%
EPS Growth
-32.66% 50.82% -28.74% -24.06% -14.16% -63.36% -39.79% -46.22% 7.45% 26.62% 81.19%
Operating Cash Flow Growth
-24.00% -30.07% 0.01% -0.03% -5.23% -0.51% -36.64% -54.31% -10.55% 32.14% 77.96%
Free Cash Flow Firm Growth
410.04% 253.41% 294.70% -143.41% -128.87% -145.53% -121.95% -58.51% -46.41% -13.02% 826.99%
Invested Capital Growth
-2.77% -3.33% -1.55% 5.91% 6.55% 6.05% 8.20% -0.35% -1.14% -3.60% -3.35%
Revenue Q/Q Growth
-8.84% 3.07% -1.00% 5.06% 3.26% -12.76% 10.60% -3.73% -10.06% -15.26% -3.08%
EBITDA Q/Q Growth
-11.69% 3.35% -2.56% -8.06% 22.98% -23.40% 12.19% -12.78% -10.05% -23.55% -3.50%
EBIT Q/Q Growth
-7.40% -5.94% -6.94% -11.08% 122.71% -59.22% 11.25% -17.41% -2.36% -33.94% -7.41%
NOPAT Q/Q Growth
8.30% -26.98% 2.11% -19.87% 142.82% -65.06% 8.86% -8.75% 4.18% -43.39% -4.02%
Net Income Q/Q Growth
7.76% -27.51% 1.19% -19.96% 147.48% -65.78% 9.10% -9.04% 3.56% -43.25% -4.07%
EPS Q/Q Growth
8.70% -25.81% 2.06% -18.18% 143.44% -64.94% 8.75% -7.51% 3.90% -42.39% -2.86%
Operating Cash Flow Q/Q Growth
-40.32% -10.12% 53.68% -7.81% -45.09% 28.54% 53.61% -12.60% -42.35% -18.14% 10.77%
Free Cash Flow Firm Q/Q Growth
-5.00% 14.37% 334.83% -21.51% 52.99% -45.15% -152.36% -19.17% -25.88% -30.01% -1.04%
Invested Capital Q/Q Growth
2.02% -5.52% -0.83% 1.72% 1.44% -3.78% 6.68% 2.33% 0.96% -1.83% -1.75%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
39.91% 42.27% 39.90% 39.69% 43.06% 39.64% 40.22% 40.72% 42.10% 42.33% 41.85%
EBITDA Margin
20.83% 21.50% 21.45% 21.79% 24.90% 20.91% 23.81% 23.47% 25.91% 25.91% 28.72%
Operating Margin
12.17% 11.98% 13.13% 13.97% 16.50% 7.65% 16.37% 16.27% 18.97% 17.47% 22.41%
EBIT Margin
12.17% 11.98% 13.13% 13.97% 16.50% 7.65% 16.37% 16.27% 18.97% 17.47% 22.41%
Profit (Net Income) Margin
7.38% 6.24% 8.87% 8.68% 11.39% 4.75% 12.12% 12.29% 13.00% 11.29% 16.86%
Tax Burden Percent
62.91% 53.79% 69.29% 63.15% 70.07% 64.27% 75.02% 76.66% 69.39% 65.03% 75.89%
Interest Burden Percent
96.34% 96.82% 97.53% 98.42% 98.53% 96.68% 98.71% 98.49% 98.81% 99.40% 99.14%
Effective Tax Rate
37.09% 46.21% 30.71% 36.85% 29.93% 35.73% 24.98% 23.34% 30.61% 34.97% 24.11%
Return on Invested Capital (ROIC)
12.09% 10.41% 13.66% 13.85% 18.31% 7.96% 20.21% 22.30% 26.12% 22.80% 32.42%
ROIC Less NNEP Spread (ROIC-NNEP)
12.56% 10.74% 14.04% 14.08% 18.55% 8.17% 20.46% 22.58% 26.37% 22.94% 32.84%
Return on Net Nonoperating Assets (RNNOA)
-2.26% -2.18% -2.60% -2.79% -4.08% -1.88% -4.42% -4.65% -5.40% -4.19% -5.18%
Return on Equity (ROE)
9.82% 8.23% 11.06% 11.06% 14.23% 6.09% 15.79% 17.65% 20.72% 18.62% 27.24%
Cash Return on Invested Capital (CROIC)
15.45% 17.82% 14.53% 9.18% 10.14% 11.66% 12.35% 24.85% 30.78% 32.99% 31.20%
Operating Return on Assets (OROA)
9.48% 9.37% 9.93% 10.97% 12.68% 5.92% 13.14% 14.23% 18.23% 17.31% 21.34%
Return on Assets (ROA)
5.74% 4.88% 6.71% 6.82% 8.76% 3.68% 9.73% 10.74% 12.50% 11.19% 16.06%
Return on Common Equity (ROCE)
9.76% 8.18% 11.00% 10.99% 14.14% 6.05% 15.70% 17.54% 20.59% 18.50% 27.08%
Return on Equity Simple (ROE_SIMPLE)
10.53% 0.00% 10.71% 11.80% 12.67% 0.00% 15.46% 19.09% 22.54% 0.00% 21.62%
Net Operating Profit after Tax (NOPAT)
3,645 3,366 4,610 4,514 5,634 2,320 6,641 6,100 6,685 6,416 11,335
NOPAT Margin
7.66% 6.45% 9.10% 8.82% 11.56% 4.92% 12.28% 12.48% 13.16% 11.36% 17.01%
Net Nonoperating Expense Percent (NNEP)
-0.47% -0.34% -0.38% -0.23% -0.23% -0.21% -0.24% -0.29% -0.25% -0.14% -0.42%
Return On Investment Capital (ROIC_SIMPLE)
2.03% 1.89% - - - 1.27% - - - 3.50% -
Cost of Revenue to Revenue
60.09% 57.73% 60.10% 60.31% 56.94% 60.36% 59.78% 59.28% 57.90% 57.67% 58.15%
SG&A Expenses to Revenue
16.02% 17.63% 15.56% 14.97% 15.48% 15.85% 13.80% 14.69% 13.59% 13.91% 11.08%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
27.74% 30.29% 26.77% 25.72% 26.55% 31.99% 23.85% 24.45% 23.14% 24.85% 19.44%
Earnings before Interest and Taxes (EBIT)
5,795 6,258 6,653 7,149 8,040 3,610 8,852 7,957 9,634 9,867 14,937
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
9,918 11,231 10,867 11,153 12,131 9,864 12,877 11,478 13,160 14,631 19,138
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.97 1.69 1.72 1.81 1.85 1.66 1.83 1.81 1.87 1.99 1.69
Price to Tangible Book Value (P/TBV)
2.04 1.74 1.78 1.87 1.91 1.71 1.88 1.86 1.93 2.05 1.74
Price to Revenue (P/Rev)
1.46 1.27 1.36 1.44 1.50 1.33 1.44 1.28 1.23 1.29 1.13
Price to Earnings (P/E)
18.81 14.58 16.15 15.43 14.67 12.49 11.85 9.48 8.35 8.93 7.86
Dividend Yield
3.95% 4.55% 4.35% 4.01% 3.91% 4.27% 3.68% 3.88% 3.68% 3.47% 4.08%
Earnings Yield
5.32% 6.86% 6.19% 6.48% 6.82% 8.00% 8.44% 10.54% 11.98% 11.20% 12.72%
Enterprise Value to Invested Capital (EV/IC)
2.15 1.85 1.87 1.98 2.06 1.83 2.03 2.03 2.15 2.31 1.90
Enterprise Value to Revenue (EV/Rev)
1.34 1.13 1.23 1.30 1.34 1.16 1.28 1.13 1.08 1.13 0.98
Enterprise Value to EBITDA (EV/EBITDA)
6.28 5.04 5.54 5.68 5.75 4.93 5.16 4.32 3.91 4.18 3.65
Enterprise Value to EBIT (EV/EBIT)
10.49 8.14 9.58 9.46 9.37 7.78 7.42 5.95 5.16 5.54 4.91
Enterprise Value to NOPAT (EV/NOPAT)
16.81 12.61 14.28 13.68 12.88 10.75 10.42 8.26 7.20 7.72 6.70
Enterprise Value to Operating Cash Flow (EV/OCF)
9.09 7.26 6.92 7.42 7.57 6.56 7.55 6.11 5.35 5.60 4.99
Enterprise Value to Free Cash Flow (EV/FCFF)
13.75 10.21 12.74 22.23 20.95 16.16 17.07 8.14 6.93 6.86 5.97
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.20 0.16 0.16 0.14 0.14 0.13 0.12 0.14 0.14 0.15 0.15
Long-Term Debt to Equity
0.17 0.13 0.13 0.13 0.13 0.13 0.12 0.13 0.13 0.13 0.13
Financial Leverage
-0.18 -0.20 -0.19 -0.20 -0.22 -0.23 -0.22 -0.21 -0.20 -0.18 -0.16
Leverage Ratio
1.66 1.65 1.62 1.60 1.61 1.61 1.61 1.62 1.64 1.66 1.69
Compound Leverage Factor
1.60 1.59 1.58 1.58 1.58 1.56 1.59 1.60 1.62 1.65 1.67
Debt to Total Capital
16.51% 13.81% 14.13% 12.64% 11.90% 11.40% 11.01% 11.90% 12.64% 12.71% 12.90%
Short-Term Debt to Total Capital
2.27% 2.48% 2.81% 0.95% 0.15% 0.29% 0.24% 0.70% 1.60% 1.07% 1.21%
Long-Term Debt to Total Capital
14.24% 11.33% 11.32% 11.69% 11.75% 11.11% 10.77% 11.20% 11.04% 11.64% 11.69%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.47% 0.47% 0.45% 0.56% 0.56% 0.53% 0.53% 0.54% 0.54% 0.52% 0.52%
Common Equity to Total Capital
83.02% 85.72% 85.42% 86.80% 87.54% 88.07% 88.47% 87.56% 86.83% 86.76% 86.58%
Debt to EBITDA
0.69 0.54 0.59 0.50 0.47 0.44 0.39 0.37 0.35 0.35 0.37
Net Debt to EBITDA
-0.56 -0.65 -0.60 -0.62 -0.69 -0.72 -0.64 -0.60 -0.58 -0.60 -0.58
Long-Term Debt to EBITDA
0.59 0.44 0.47 0.47 0.47 0.43 0.39 0.35 0.30 0.32 0.34
Debt to NOPAT
1.84 1.35 1.51 1.21 1.05 0.96 0.80 0.70 0.64 0.65 0.68
Net Debt to NOPAT
-1.49 -1.64 -1.54 -1.49 -1.55 -1.57 -1.30 -1.14 -1.07 -1.11 -1.07
Long-Term Debt to NOPAT
1.59 1.11 1.21 1.12 1.04 0.93 0.78 0.66 0.56 0.59 0.62
Altman Z-Score
3.66 3.49 3.55 3.71 3.77 3.53 3.86 4.00 4.08 4.14 3.79
Noncontrolling Interest Sharing Ratio
0.60% 0.57% 0.56% 0.63% 0.63% 0.60% 0.59% 0.63% 0.61% 0.61% 0.61%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.08 1.06 1.07 1.16 1.23 1.28 1.25 1.43 1.43 1.47 1.40
Quick Ratio
0.68 0.71 0.68 0.73 0.81 0.87 0.84 0.97 1.03 1.12 1.03
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
7,240 7,621 6,664 -2,838 -2,335 -4,968 -3,422 6,537 8,088 10,912 15,592
Operating Cash Flow to CapEx
155.97% 0.00% 264.82% 163.42% 171.34% 303.12% 210.88% 172.43% 255.59% 339.16% 534.00%
Free Cash Flow to Firm to Interest Expense
34.15 38.30 40.63 -25.11 -19.79 -41.40 -30.02 54.48 70.33 88.72 121.81
Operating Cash Flow to Interest Expense
24.48 43.69 58.99 55.71 57.86 103.62 84.85 52.48 62.65 101.61 119.27
Operating Cash Flow Less CapEx to Interest Expense
8.78 57.49 36.71 21.62 24.09 69.43 44.61 22.04 38.14 71.65 96.94
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.78 0.78 0.76 0.79 0.77 0.77 0.80 0.87 0.96 0.99 0.95
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover
12.57 13.48 12.27 12.14 12.26 14.14 13.38 15.34 17.95 19.33 18.91
Fixed Asset Turnover
1.34 1.35 1.31 1.36 1.34 1.35 1.41 1.55 1.69 1.70 1.63
Accounts Payable Turnover
5.70 5.61 5.64 6.02 6.00 6.05 5.69 5.96 7.43 8.21 7.73
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Inventory Outstanding (DIO)
29.04 27.08 29.74 30.07 29.77 25.81 27.28 23.80 20.34 18.88 19.30
Days Payable Outstanding (DPO)
64.04 65.07 64.73 60.62 60.87 60.29 64.17 61.29 49.14 44.44 47.21
Cash Conversion Cycle (CCC)
-35.00 -37.99 -34.99 -30.55 -31.09 -34.48 -36.89 -37.49 -28.81 -25.56 -27.91
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
125,968 123,475 130,692 131,785 129,563 127,730 132,746 124,433 121,594 120,442 122,683
Invested Capital Turnover
1.58 1.61 1.50 1.57 1.58 1.62 1.65 1.79 1.98 2.01 1.91
Increase / (Decrease) in Invested Capital
-3,595 -4,255 -2,054 7,352 7,969 7,288 10,063 -437 -1,403 -4,496 -4,257
Enterprise Value (EV)
271,255 228,592 243,835 261,461 266,711 233,759 269,248 252,220 260,864 277,803 232,519
Market Capitalization
294,531 257,435 269,345 288,909 297,773 266,986 301,767 286,112 298,719 316,643 268,516
Book Value per Share
$84.77 $84.76 $85.41 $86.21 $87.18 $85.26 $88.51 $83.58 $83.63 $82.37 $81.07
Tangible Book Value per Share
$82.17 $82.21 $82.83 $83.65 $84.62 $82.76 $85.98 $81.09 $81.15 $79.93 $78.68
Total Capital
179,761 177,698 182,871 183,447 183,491 182,765 186,807 180,812 183,640 183,581 183,268
Total Debt
29,681 24,541 25,841 23,184 21,835 20,836 20,559 21,514 23,206 23,339 23,641
Total Long-Term Debt
25,605 20,135 20,697 21,449 21,553 20,307 20,119 20,245 20,275 21,375 21,420
Net Debt
-24,112 -29,682 -26,338 -28,478 -32,093 -34,199 -33,502 -34,865 -38,840 -39,800 -36,944
Capital Expenditures (CapEx)
3,327 -2,746 3,653 3,852 3,985 4,102 4,587 3,652 2,819 3,685 2,859
Debt-free, Cash-free Net Working Capital (DFCFNWC)
2,305 -26 2,910 3,069 1,572 1,176 2,971 4,602 1,749 198 1,410
Debt-free Net Working Capital (DFNWC)
6,948 6,759 7,613 7,077 7,850 9,399 8,909 14,212 17,547 18,099 16,841
Net Working Capital (NWC)
2,872 2,353 2,469 5,342 7,568 8,870 8,469 12,943 14,616 16,135 14,620
Net Nonoperating Expense (NNE)
133 107 114 71 83 77 86 92 80 38 97
Net Nonoperating Obligations (NNO)
-24,112 -29,682 -26,338 -28,478 -32,093 -34,199 -33,502 -34,865 -38,840 -39,800 -36,944
Total Depreciation and Amortization (D&A)
4,123 4,973 4,214 4,004 4,091 6,254 4,025 3,521 3,526 4,764 4,201
Debt-free, Cash-free Net Working Capital to Revenue
1.14% -0.01% 1.47% 1.53% 0.79% 0.59% 1.41% 2.07% 0.72% 0.08% 0.59%
Debt-free Net Working Capital to Revenue
3.45% 3.33% 3.85% 3.52% 3.95% 4.68% 4.24% 6.38% 7.23% 7.35% 7.08%
Net Working Capital to Revenue
1.42% 1.16% 1.25% 2.66% 3.81% 4.41% 4.03% 5.81% 6.02% 6.55% 6.15%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.01 $1.85 $2.49 $2.43 $2.99 $1.23 $3.48 $3.22 $3.48 $3.34 $5.81
Adjusted Weighted Average Basic Shares Outstanding
1.74B 1.76B 1.80B 1.83B 1.84B 1.86B 1.87B 1.87B 1.89B 1.91B 1.93B
Adjusted Diluted Earnings per Share
$2.00 $1.84 $2.48 $2.43 $2.97 $1.22 $3.48 $3.20 $3.46 $3.33 $5.78
Adjusted Weighted Average Diluted Shares Outstanding
1.75B 1.76B 1.81B 1.83B 1.85B 1.86B 1.88B 1.88B 1.90B 1.91B 1.94B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.75B 1.76B 1.80B 1.83B 1.85B 1.86B 1.89B 1.87B 1.89B 1.91B 1.93B
Normalized Net Operating Profit after Tax (NOPAT)
3,645 3,366 4,610 4,514 5,634 2,320 6,641 6,100 6,685 6,416 11,335
Normalized NOPAT Margin
7.66% 6.45% 9.10% 8.82% 11.56% 4.92% 12.28% 12.48% 13.16% 11.36% 17.01%
Pre Tax Income Margin
11.73% 11.60% 12.81% 13.75% 16.26% 7.40% 16.16% 16.03% 18.74% 17.37% 22.22%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
27.33 31.45 40.57 63.27 68.14 30.08 77.65 66.31 83.77 80.22 116.70
NOPAT to Interest Expense
17.20 16.91 28.11 39.95 47.74 19.33 58.25 50.83 58.13 52.17 88.56
EBIT Less CapEx to Interest Expense
11.64 45.25 18.29 29.18 34.36 -4.10 37.41 35.88 59.26 50.26 94.36
NOPAT Less CapEx to Interest Expense
1.50 30.71 5.83 5.86 13.97 -14.85 18.01 20.40 33.62 22.21 66.22
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
76.33% 67.59% 71.21% 62.14% 56.54% 53.13% 44.21% 37.09% 31.16% 31.12% 31.85%
Augmented Payout Ratio
177.24% 152.35% 154.47% 128.93% 125.12% 121.69% 101.75% 86.91% 65.69% 46.34% 36.85%

Frequently Asked Questions About Chevron's Financials

When does Chevron's fiscal year end?

According to the most recent income statement we have on file, Chevron's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Chevron's net income changed over the last 9 years?

Chevron's net income appears to be on an upward trend, with a most recent value of $17.75 billion in 2024, rising from $4.71 billion in 2015. The previous period was $21.41 billion in 2023. Find out what analysts predict for Chevron in the coming months.

What is Chevron's operating income?
Chevron's total operating income in 2024 was $28.10 billion, based on the following breakdown:
  • Total Gross Profit: $83.59 billion
  • Total Operating Expenses: $55.49 billion
How has Chevron revenue changed over the last 9 years?

Over the last 9 years, Chevron's total revenue changed from $138.48 billion in 2015 to $202.79 billion in 2024, a change of 46.4%.

How much debt does Chevron have?

Chevron's total liabilities were at $103.78 billion at the end of 2024, a 4.1% increase from 2023, and a 6.2% decrease since 2015.

How much cash does Chevron have?

In the past 9 years, Chevron's cash and equivalents has ranged from $4.81 billion in 2017 to $17.68 billion in 2022, and is currently $6.78 billion as of their latest financial filing in 2024.

How has Chevron's book value per share changed over the last 9 years?

Over the last 9 years, Chevron's book value per share changed from 81.14 in 2015 to 84.76 in 2024, a change of 4.5%.



This page (NYSE:CVX) was last updated on 5/28/2025 by MarketBeat.com Staff
From Our Partners