Chevron Interest Expense vs Net Income Common Stock Analysis
CVX Stock | USD 165.82 0.37 0.22% |
Trend analysis of Chevron Corp balance sheet accounts such as Total Assets of 171.8 B, Short and Long Term Debt Total of 20.5 B or Other Current Liab of 6.3 B provides information on Chevron Corp's total assets, liabilities, and equity, which is the actual value of Chevron Corp to its prevalent stockholders. By breaking down trends over time using Chevron Corp balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
Chevron |
About Chevron Balance Sheet Analysis
Balance Sheet is a snapshot of the financial position of Chevron Corp at a specified time, usually calculated after every quarter, six months, or one year. Chevron Corp Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Chevron Corp and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Chevron currently owns. An asset can also be divided into two categories, current and non-current.
Chevron Corp Balance Sheet Chart
Chevron Corp Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Chevron Corp uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Chevron Corp's Common Stock Shares Outstanding is fairly stable compared to the past year. Non Currrent Assets Other is likely to rise to about 4.2 B in 2024, whereas Total Assets are likely to drop slightly above 171.8 B in 2024. Add Fundamental
Common Stock Shares Outstanding
The total number of shares of a company's common stock that are currently owned by all its shareholders.Total Assets
Total assets refers to the total amount of Chevron Corp assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Chevron Corp books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.Most indicators from Chevron Corp's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators 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 fundamental ratios indicators, 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.Selling General Administrative is likely to rise to about 6.2 B in 2024. Tax Provision is likely to rise to about 8.6 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 fundamental ratios Correlations
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Chevron Corp Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Chevron Corp fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Common Stock Shares Outstanding | 1.9B | 1.9B | 1.9B | 1.9B | 1.9B | 2.0B | |
Total Assets | 237.4B | 239.8B | 239.5B | 257.7B | 261.6B | 171.8B | |
Short Long Term Debt Total | 27.0B | 44.3B | 31.4B | 23.3B | 26.1B | 20.5B | |
Other Current Liab | 9.1B | 9.7B | 10.1B | 13.3B | 7.9B | 6.3B | |
Total Current Liabilities | 26.5B | 22.2B | 26.8B | 34.2B | 32.3B | 25.7B | |
Total Stockholder Equity | 176.8B | 162.2B | 167.4B | 191.9B | 161.0B | 107.1B | |
Property Plant And Equipment Net | 154.6B | 160.6B | 150.6B | 147.9B | 159.0B | 106.7B | |
Net Debt | 21.3B | 38.7B | 25.7B | 5.7B | 17.6B | 12.4B | |
Retained Earnings | 174.9B | 160.4B | 165.5B | 190.0B | 200.0B | 109.6B | |
Accounts Payable | 14.1B | 11.0B | 16.5B | 19.0B | 20.4B | 14.1B | |
Cash | 5.7B | 5.6B | 5.6B | 17.7B | 8.5B | 8.1B | |
Non Current Assets Total | 197.7B | 204.0B | 195.7B | 197.8B | 220.5B | 135.8B | |
Non Currrent Assets Other | 3.4B | 1.1B | 768M | (17.1B) | 4.0B | 4.2B | |
Cash And Short Term Investments | 5.7B | 5.6B | 5.7B | 17.9B | 8.5B | 8.7B | |
Net Receivables | 13.3B | 11.5B | 18.4B | 20.5B | 19.9B | 14.7B | |
Short Term Investments | 63M | 31M | 35M | 223M | 45M | 42.8M | |
Liabilities And Stockholders Equity | 237.4B | 239.8B | 239.5B | 257.7B | 261.6B | 171.8B | |
Non Current Liabilities Total | 23.4B | 42.3B | 30.7B | 21.0B | 67.4B | 70.8B | |
Inventory | 5.8B | 5.7B | 6.8B | 8.2B | 8.6B | 5.0B | |
Other Current Assets | 3.5B | 3.3B | 3.3B | 3.7B | 4.1B | 3.2B | |
Other Stockholder Equity | (27.3B) | (24.7B) | (24.2B) | (29.5B) | (37.7B) | (35.8B) | |
Total Liab | 92.2B | 107.1B | 99.6B | 97.5B | 99.7B | 75.5B | |
Property Plant And Equipment Gross | 326.7B | 345.2B | 336.0B | 327.8B | 346.1B | 203.3B | |
Total Current Assets | 28.3B | 26.1B | 33.7B | 50.3B | 41.1B | 32.1B | |
Accumulated Other Comprehensive Income | (5.2B) | (5.9B) | (4.1B) | (3.0B) | (3.2B) | (3.4B) | |
Short Term Debt | 3.3B | 1.5B | 256M | 2.0B | 2.1B | 2.4B | |
Property Plant Equipment | 154.6B | 160.6B | 150.6B | 147.9B | 170.0B | 104.0B | |
Other Liab | 39.4B | 39.5B | 39.2B | 39.0B | 44.8B | 30.0B | |
Other Assets | 11.4B | 9.7B | 10.1B | 9.6B | 261.6B | 274.7B | |
Long Term Debt | 23.7B | 42.3B | 30.7B | 21.0B | 19.7B | 19.9B | |
Treasury Stock | (44.6B) | (41.5B) | (41.5B) | (48.2B) | (43.4B) | (45.5B) | |
Good Will | 4.5B | 4.4B | 4.4B | 4.7B | 4.2B | 3.7B | |
Net Tangible Assets | 139.8B | 127.3B | 131.5B | 154.6B | 177.7B | 146.7B | |
Noncontrolling Interest In Consolidated Entity | 995M | 1.0B | 873M | 960M | 1.1B | 1.1B | |
Retained Earnings Total Equity | 174.9B | 160.4B | 165.5B | 190.0B | 218.5B | 179.6B |
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
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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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
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 (0.14) | Dividend Share 6.16 | Earnings Share 10.88 | Revenue Per Share 103.611 | Quarterly Revenue Growth (0.04) |
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.