Chevron Historical Income Statement

CVX Stock

USD 162.11 0.42 0.26%

Historical analysis of Chevron Corp income statement accounts such as Interest Expense of 252.9 M, Selling General Administrative of 6.2 B or Total Revenue of 149.3 B can show how well Chevron Corp performed in making a profits. Evaluating Chevron Corp income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Chevron Corp's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Chevron Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Chevron Corp is a good buy for the upcoming year.

Net Income Gross Profit

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For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.

About Chevron Income Statement Analysis

Chevron Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Chevron Corp shareholders. The income statement also shows Chevron investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Chevron Corp Income Statement Chart

At this time, Chevron Corp's Selling General Administrative is fairly stable compared to the past year. Operating Income is likely to rise to about 48.4 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 11.5 B in 2024.

Interest Expense Selling General Administrative Total Revenue Gross Profit Other Operating Expenses Income Before Tax

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts Chevron Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Chevron Corp minus its cost of goods sold. It is profit before Chevron Corp operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Chevron Corp. It is also known as Chevron Corp overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Chevron Corp income statement and is an important metric when analyzing Chevron Corp profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Most accounts from Chevron Corp's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Chevron Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.At this time, Chevron Corp's Selling General Administrative is fairly stable compared to the past year. Operating Income is likely to rise to about 48.4 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 11.5 B in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	45.4B	74.0B	60.4B	49.1B
Total Revenue	155.6B	246.3B	196.9B	149.3B

Gross Profit Total Revenue

Chevron Corp income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Research Development	Minority Interest	Net Income From Continuing Ops	Non Recurring	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Extraordinary Items
Depreciation And Amortization		0.06	0.08	0.18	-0.03	0.35	-0.33	-0.29	-0.06	0.3	0.43	-0.14	0.29	-0.07	-0.24	0.08	-0.18	-0.24	0.22	-0.02	-0.1	-0.23	0.19	-0.14
Interest Expense	0.06		0.33	-0.37	-0.53	-0.4	-0.16	-0.05	-0.04	-0.29	-0.5	-0.37	-0.54	-0.3	-0.46	-0.75	-0.73	-0.3	-0.6	0.39	-0.06	-0.91	0.29	-0.81
Selling General Administrative	0.08	0.33		0.3	0.2	0.25	0.32	0.41	0.44	0.31	-0.14	0.35	-0.34	0.44	0.18	-0.57	-0.61	0.42	-0.35	0.65	0.33	-0.35	-0.33	-0.43
Total Revenue	0.18	-0.37	0.3		0.95	0.97	0.7	0.78	0.86	0.98	0.71	0.93	0.29	0.92	0.89	0.31	-0.02	0.84	-0.01	0.36	0.53	0.14	-0.2	0.01
Gross Profit	-0.03	-0.53	0.2	0.95		0.89	0.72	0.8	0.82	0.89	0.69	0.95	0.3	0.91	0.95	0.38	0.16	0.87	0.05	0.25	0.52	0.33	-0.3	0.19
Other Operating Expenses	0.35	-0.4	0.25	0.97	0.89		0.54	0.65	0.76	0.97	0.71	0.83	0.42	0.81	0.81	0.43	0.03	0.7	0.08	0.23	0.35	0.13	-0.08	0.07
Operating Income	-0.33	-0.16	0.32	0.7	0.72	0.54		0.83	0.79	0.65	0.36	0.81	-0.29	0.82	0.75	-0.07	-0.26	0.83	-0.24	0.71	0.75	0.02	-0.45	-0.28
Ebit	-0.29	-0.05	0.41	0.78	0.8	0.65	0.83		0.97	0.73	0.31	0.9	-0.06	0.88	0.87	0.02	-0.19	0.89	-0.18	0.57	0.66	-0.08	-0.17	-0.23
Ebitda	-0.06	-0.04	0.44	0.86	0.82	0.76	0.79	0.97		0.84	0.43	0.9	0.01	0.9	0.85	0.04	-0.24	0.87	-0.14	0.59	0.67	-0.14	-0.13	-0.28
Cost Of Revenue	0.3	-0.29	0.31	0.98	0.89	0.97	0.65	0.73	0.84		0.71	0.87	0.28	0.87	0.82	0.3	-0.09	0.77	-0.03	0.38	0.5	0.03	-0.11	-0.07
Total Operating Expenses	0.43	-0.5	-0.14	0.71	0.69	0.71	0.36	0.31	0.43	0.71		0.52	0.23	0.51	0.5	0.37	0.15	0.4	0.17	0.01	0.39	0.31	-0.12	0.17
Income Before Tax	-0.14	-0.37	0.35	0.93	0.95	0.83	0.81	0.9	0.9	0.87	0.52		0.2	0.98	0.96	0.22	0.04	0.97	-0.06	0.42	0.66	0.22	-0.32	0.06
Total Other Income Expense Net	0.29	-0.54	-0.34	0.29	0.3	0.42	-0.29	-0.06	0.01	0.28	0.23	0.2		0.15	0.27	0.71	0.64	0.11	0.52	-0.53	-0.22	0.5	0.23	0.68
Net Income	-0.07	-0.3	0.44	0.92	0.91	0.81	0.82	0.88	0.9	0.87	0.51	0.98	0.15		0.89	0.09	-0.06	0.98	-0.1	0.53	0.74	0.17	-0.38	-0.01
Income Tax Expense	-0.24	-0.46	0.18	0.89	0.95	0.81	0.75	0.87	0.85	0.82	0.5	0.96	0.27	0.89		0.4	0.19	0.88	0.01	0.23	0.48	0.29	-0.21	0.16
Research Development	0.08	-0.75	-0.57	0.31	0.38	0.43	-0.07	0.02	0.04	0.3	0.37	0.22	0.71	0.09	0.4		0.72	0.05	0.62	-0.58	-0.27	0.55	0.21	0.63
Minority Interest	-0.18	-0.73	-0.61	-0.02	0.16	0.03	-0.26	-0.19	-0.24	-0.09	0.15	0.04	0.64	-0.06	0.19	0.72		-0.01	0.58	-0.74	-0.2	0.77	-0.02	0.88
Net Income From Continuing Ops	-0.24	-0.3	0.42	0.84	0.87	0.7	0.83	0.89	0.87	0.77	0.4	0.97	0.11	0.98	0.88	0.05	-0.01		-0.1	0.52	0.77	0.23	-0.4	0.05
Non Recurring	0.22	-0.6	-0.35	-0.01	0.05	0.08	-0.24	-0.18	-0.14	-0.03	0.17	-0.06	0.52	-0.1	0.01	0.62	0.58	-0.1		-0.41	-0.07	0.5	-0.07	0.5
Tax Provision	-0.02	0.39	0.65	0.36	0.25	0.23	0.71	0.57	0.59	0.38	0.01	0.42	-0.53	0.53	0.23	-0.58	-0.74	0.52	-0.41		0.7	-0.47	-0.36	-0.7
Interest Income	-0.1	-0.06	0.33	0.53	0.52	0.35	0.75	0.66	0.67	0.5	0.39	0.66	-0.22	0.74	0.48	-0.27	-0.2	0.77	-0.07	0.7		0.07	-0.44	-0.19
Net Interest Income	-0.23	-0.91	-0.35	0.14	0.33	0.13	0.02	-0.08	-0.14	0.03	0.31	0.22	0.5	0.17	0.29	0.55	0.77	0.23	0.5	-0.47	0.07		-0.28	0.92
Reconciled Depreciation	0.19	0.29	-0.33	-0.2	-0.3	-0.08	-0.45	-0.17	-0.13	-0.11	-0.12	-0.32	0.23	-0.38	-0.21	0.21	-0.02	-0.4	-0.07	-0.36	-0.44	-0.28		-0.02
Extraordinary Items	-0.14	-0.81	-0.43	0.01	0.19	0.07	-0.28	-0.23	-0.28	-0.07	0.17	0.06	0.68	-0.01	0.16	0.63	0.88	0.05	0.5	-0.7	-0.19	0.92	-0.02

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Chevron Corp Account Relationship Matchups

Chevron Corp income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	18.6B	17.2B	17.0B	16.3B	17.3B	11.5B
Interest Expense	798M	697M	712M	516M	469M	252.9M
Selling General Administrative	4.1B	4.2B	32.3B	33.4B	4.1B	6.2B
Total Revenue	139.9B	94.5B	155.6B	246.3B	196.9B	149.3B
Gross Profit	30.5B	22.8B	45.4B	74.0B	60.4B	49.1B
Other Operating Expenses	140.2B	100.6B	139.4B	196.1B	148.7B	129.2B
Operating Income	6.3B	(6.1B)	16.2B	50.2B	46.1B	48.4B
Ebit	16.9B	(6.2B)	23.3B	50.2B	28.3B	19.2B
Ebitda	35.5B	11.0B	40.3B	66.5B	45.6B	30.7B
Cost Of Revenue	109.3B	71.7B	110.2B	161.7B	136.5B	99.8B
Total Operating Expenses	30.9B	28.9B	29.3B	34.3B	60.4B	31.0B
Income Before Tax	5.5B	(7.5B)	21.6B	49.7B	29.6B	18.6B
Total Other Income Expense Net	(798M)	(4.1B)	(15.7B)	(516M)	(16.5B)	(15.7B)
Net Income	2.9B	(5.5B)	15.6B	35.5B	21.4B	11.3B
Income Tax Expense	2.7B	(1.9B)	6.0B	14.1B	8.2B	7.2B
Research Development	453M	500M	435M	268M	320M	497.9M
Net Income Applicable To Common Shares	2.9B	(5.5B)	15.6B	35.5B	40.8B	42.8B
Minority Interest	(79M)	(18M)	(64M)	(143M)	(42M)	(39.9M)
Net Income From Continuing Ops	2.8B	(5.6B)	15.7B	35.6B	21.4B	11.9B
Non Recurring	770M	1.5B	549M	974M	876.6M	1.1B
Tax Provision	2.7B	(1.9B)	6.0B	14.1B	8.2B	8.6B
Interest Income	2.9B	1.2B	4.9B	8.1B	9.3B	4.7B
Net Interest Income	(798M)	(697M)	(712M)	(516M)	(469M)	(492.5M)
Reconciled Depreciation	29.2B	19.5B	17.9B	16.3B	17.8B	15.9B

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Chevron Historical Income Statement

About Chevron Income Statement Analysis

Chevron Corp Income Statement Chart

Interest Expense

Total Revenue

Gross Profit

Other Operating Expenses

Income Before Tax

Chevron Corp income statement Correlations

Chevron Corp Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Chevron Corp income statement Accounts

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COMMON DESTINATIONS

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Cost Of Revenue	+ 0.98	Total Revenue
Net Income	+ 0.98	Income Before Tax
Net Income From Continuing Ops	+ 0.98	Net Income
Other Operating Expenses	+ 0.97	Total Revenue
Cost Of Revenue	+ 0.97	Other Operating Expenses
Ebitda	+ 0.97	Ebit

Net Interest Income	- 0.91	Interest Expense
Extraordinary Items	- 0.81	Interest Expense
Research Development	- 0.75	Interest Expense
Tax Provision	- 0.74	Minority Interest
Minority Interest	- 0.73	Interest Expense
Extraordinary Items	- 0.7	Tax Provision