Chevron Historical Income Statement
CVX Stock | USD 160.00 2.43 1.54% |
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 149.4 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.
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.
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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
Chevron Corp Income Statement is one of the three primary financial statements used for reporting Chevron's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Chevron Corp revenue and expense. Chevron Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Chevron Corp's Selling General Administrative is fairly stable compared to the past year. Gross Profit is likely to rise to about 48.4 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 12 B in 2024. Add Fundamental
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.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 tightly coupled 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. Gross Profit is likely to rise to about 48.4 B in 2024, whereas Depreciation And Amortization is likely to drop slightly above 12 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 48.3B | 74.0B | 34.3B | 48.4B | Total Revenue | 155.6B | 246.3B | 200.9B | 149.4B |
Chevron Corp income statement Correlations
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Chevron Corp Account Relationship Matchups
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Chevron Corp income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 29.2B | 19.5B | 17.9B | 16.3B | 17.3B | 12.0B | |
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 | 200.9B | 149.4B | |
Gross Profit | 30.5B | 24.5B | 48.3B | 74.0B | 34.3B | 48.4B | |
Other Operating Expenses | 140.2B | 101.4B | 140.1B | 196.1B | 171.4B | 130.0B | |
Operating Income | 6.3B | (6.8B) | 22.4B | 50.2B | 30.1B | 20.2B | |
Ebit | 6.3B | (6.8B) | 22.4B | 50.2B | 30.1B | 18.8B | |
Ebitda | 35.5B | 12.7B | 40.3B | 66.5B | 47.4B | 30.8B | |
Cost Of Revenue | 109.3B | 70.0B | 107.3B | 161.7B | 166.7B | 100.7B | |
Total Operating Expenses | 30.9B | 31.5B | 32.8B | 34.3B | 29.2B | 30.2B | |
Income Before Tax | 5.5B | (7.5B) | 21.6B | 49.7B | 29.6B | 18.6B | |
Total Other Income Expense Net | (798M) | (697M) | (712M) | (516M) | (469M) | (445.6M) | |
Net Income | 2.9B | (5.6B) | 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 |
Chevron Corp Investors Sentiment
The influence of Chevron Corp's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Chevron. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Chevron Corp's public news can be used to forecast risks associated with an investment in Chevron. The trend in average sentiment can be used to explain how an investor holding Chevron can time the market purely based on public headlines and social activities around Chevron Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Chevron Corp's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Chevron Corp's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Chevron Corp's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Chevron Corp.
Chevron Corp Implied Volatility | 31.57 |
Chevron Corp's implied volatility exposes the market's sentiment of Chevron Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Chevron Corp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Chevron Corp stock will not fluctuate a lot when Chevron Corp's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Chevron Corp in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Chevron Corp's short interest history, or implied volatility extrapolated from Chevron Corp options trading.
Pair Trading with Chevron Corp
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Chevron Corp position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Chevron Corp will appreciate offsetting losses from the drop in the long position's value.Moving together with Chevron Stock
0.88 | BP | BP PLC ADR Financial Report 7th of May 2024 | PairCorr |
0.85 | SU | Suncor Energy Financial Report 13th of May 2024 | PairCorr |
Moving against Chevron Stock
0.7 | EP | Empire Petroleum Corp Upward Rally | PairCorr |
The ability to find closely correlated positions to Chevron Corp could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chevron Corp when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Chevron Corp - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Chevron Corp to buy it.
The correlation of Chevron Corp is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chevron Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chevron Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Chevron Corp can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 tightly coupled 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.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Complementary Tools for Chevron Stock analysis
When running Chevron Corp's price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.64) | Dividend Share 6.04 | Earnings Share 11.36 | Revenue Per Share 104.004 | Quarterly Revenue Growth (0.15) |
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.