Chevron (CVX) Financials

$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

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	-	-	-	-

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

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

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

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

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

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%

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%.

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

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Chevron (CVX) Financials

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Chevron (CVX) Financials

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