Revenue segments as reported by the company.

Sales and other operating revenues

Income from equity affiliates

Other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

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Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Operating expenses

Exploration expenses

Depreciation, depletion and amortization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Chevron

Texaco, Inc. ("The Texas Company") is an American oil subsidiary of Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron Corporation in 2001, at which time most of its station franchises were divested to the Shell Oil Company.

Texaco

Tengizchevroil is a joint venture between Chevron (50% share in the consortium), ExxonMobil (25% share), KazMunayGas (20% share) and LukArco (5% share). The joint venture was formed in April 1993, when the Kazakhstan government granted an exclusive 40-year right to Tengizchevroil LLP (TCO) to develop the Tengiz and Korolevskoye oil fields located in the north-eastern reaches of the Caspian Sea in Kazakhstan.

Tengizchevroil

Wheatstone LNG is a liquefied natural gas plant under construction in the Ashburton North Strategic Industrial Area, which is located 12 kilometres (7.5 mi) west of Onslow, Western Australia. The project is being developed and will be operated by Chevron Australia Pty. Ltd.

Wheatstone LNG

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment consists of the refining of crude oil into petroleum products, the marketing of crude oil and refined products, the transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car, and the manufacturing and marketing of commodity petrochemicals and plastics for industrial uses and fuel & lubricant additives. The company was founded in 1906 and is headquartered in San Ramon, CA.

Earnings data Q1 2021

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Earnings data Q1 2023

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Earnings data Q4 2024

Chevron excels in 2022 with record earnings and growth strategies

Chevron's strong financial performance in 2022, focus on capital efficiency, and commitment to lower carbon initiatives position it well for continued growth. While challenges like demand fluctuations and economic risks persist, the company's strategic priorities and disciplined approach to M&A offer avenues for future success.

Chevron reports robust Q1 earnings, navigates challenges, eyes growth

Chevron's Q1 performance reflects resilience amid lower oil prices, with strong earnings and shareholder returns.
The company faces challenges from changing demand patterns and regulatory uncertainties but maintains a disciplined approach.
Opportunities lie in growing jet demand, Permian production, and strategic acquisitions while managing costs effectively.
Chevron's strengths include a robust balance sheet, high-margin assets, and a focus on long-term value creation.
Overall, Chevron's consistent management through cycles positions it well for sustainable growth and shareholder value.

Chevron reports record earnings, eyes renewable energy growth opportunities

Chevron's Q2 earnings call highlighted strong financial performance, operational achievements, and strategic initiatives towards lower carbon emissions. The company's focus on high-return projects, shareholder value, and renewable energy expansion positions it well for future growth. Despite challenges in refining margins and certain operational areas, Chevron remains optimistic about its portfolio and commitment to driving value for shareholders.

Chevron reports lower Q3 earnings, eyes Hess acquisition benefits

Chevron's Q3 performance was impacted by lower earnings but maintained strong shareholder returns and operational progress.
The Hess acquisition and green energy investments signal a strategic shift towards new energies and carbon reduction efforts.
Challenges include lower earnings, production forecasts, and balancing shareholder returns with growth opportunities.
Opportunities lie in long-term growth plans, operational synergies, and strategic integration post-Hess acquisition.

Chevron reports robust 2023 results, eyes Permian growth opportunities

Chevron's 2023 performance showcased strong financial results, operational achievements, and strategic acquisitions. The company's focus on shareholder returns, capital discipline, and growth in key basins positions it well for the future. Challenges in production growth, market dynamics, and operational optimizations are being actively addressed.
Opportunities lie in expanding Permian production, enhancing operational efficiencies, and adapting to market conditions. Chevron's commitment to sustainable practices, value creation, and maximizing shareholder value underpins its strategic direction. The company's balanced approach to growth and returns reflects a resilient and forward-looking energy player.

Chevron reports robust Q1 earnings, navigates challenges for future growth

Chevron's Q1 2024 showcased strong financial performance, operational growth, and strategic investments in renewable energy sectors.
The company faces challenges in managing debt, operational constraints, and political risks while capitalizing on exploration opportunities.
With a focus on reliability, innovation, and responsible development, Chevron aims to maintain production levels and drive future growth.
Progress from acquisitions, divestments, and operational improvements position Chevron for incremental free cash flow and sustainable performance.

Chevron reports robust Q2 earnings, eyes sustainable growth opportunities

Chevron's strong Q2 performance, focus on production growth, and strategic financial priorities position the company for continued success.
While facing challenges in project execution and leadership transitions, Chevron's emphasis on operational efficiency and shareholder value creation remains steadfast.
The company's opportunities lie in sustainable production growth, exploration endeavors, and strategic investments to drive future profitability and competitiveness.

Chevron reports strong Q3 earnings and targets cost-saving initiatives

Chevron's Q3 performance reflects robust earnings, production growth, and strategic cost-saving initiatives. While facing operational challenges in Q4, the company remains focused on optimizing its portfolio and driving efficiency for long-term growth.

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Almost flat year-to-date, at the current price of around $154 per share, we believe Chevron Corporation (NYSE: CVX), a company manufacturing and selling a range of refined petroleum products, including gasoline, diesel, marine, and aviation fuels, premium base oil, finished lubricants, and fuel oil additives - could see gains in the longer term. CVX stock has increased from around $149 to $154 so far this year, whereas its peer Exxon Mobil (NYSE: XOM) stock is up 12% YTD.

What's Happening With Chevron's Stock?

The Supreme Court remanded nine cases to lower courts last week in light of its reversal of the landmark precedent knowns as the Chevron deference. This batch of cases may be the first indication of the legal upheaval that could play out across the United States judiciary now that one of the most widely cited Supreme Court decisions has been overturned.

With Chevron reversal, Supreme Court paves way for a 'legal earthquake'

Occidental Petroleum

Warren Buffett's Berkshire Hathaway (NYSE: BRK-B , BRK-A ) has been making some pretty notable bets in energy stocks over the past several years. Undoubtedly, the conglomerate is sitting on a rather large stockpile of cash.

3 Stocks to Watch as Buffett's Berkshire Bets Big on Energy

Enterprise Products Partners

Energy stocks can be volatile, but some options in the sector have proven to be highly reliable dividend investments. Chevron is one of the world's largest energy producers and has a relatively attractive yield today.

2 High-Yield Energy Stocks to Buy With $10,000 and Hold Forever

Amcor Plc

Franklin Resources

Federal Realty Investment Trust

"Dividend Aristocrats... in the S&P 500 Index… have raised their annual payouts every year for at least 25 consecutive years."--Kiplinger.com/Investing.

4 Dividend Aristocrats To Buy In July And 4 To Watch

Marathon Petroleum

Phillips 66

Shell PLC

Energy operators, including Chevron (CVX), Marathon Petroleum (MPC), Shell (SHEL) and Phillips 66 (PSX), enacted comprehensive preparedness plans ahead of Hurricane Beryl.

Oil Little Changed as Hurricane Beryl-Related Concerns Fade

Merck

Newmont Mining

Investing in undervalued blue-chip stocks might be the safe harbor your portfolio needs at this time. In the past year, we've seen blue-chip stocks play second fiddle to tech stocks.

3 Undervalued Blue-Chip Stocks Ready for a Big Comeback

Exxon Mobil

The oil giant's warning adds to the gloom hanging over energy stocks.

BP Joins Exxon in Warning About Weaker Margins. What It Means for Chevron.

Apple

AbbVie

Bristol-Myers

Kroger

Visa

I just read an article that quoted billionaire hedge fund manager, David Einhorn, as saying value investing was dead. Since I'm writing about the best Warren Buffett stocks, that thought piqued my interest.

The 7 Best Warren Buffett Stocks to Buy in July 2024

Last week, in a case called Loper Bright Enterprises v. Raimondo, the U.S. Supreme Court overturned the so-called Chevron doctrine, reversing a 40-year-old precedent that afforded federal agencies a degree of discretion in interpreting ambiguous laws in their areas of expertise.

The Supreme Court's Elimination Of The Chevron Doctrine Will Undermine Corporate Accountability

Chevron's (CVX) Oeding biodiesel plant faces market oversupply and Chinese import pressures, leading to worker furloughs and raising concerns about fair competition in the European biofuel market.

Chevron (CVX) Furloughs Biodiesel Workers Amid Market Flood

Walmart

Dividend investing is a highly popular strategy that helps ensure that traders always have at least some road ahead, no matter where their other stock market activities or their 9-to-5 take them.

3 blue-chip stocks to buy to live your life off of dividends

Bullish on the oil and gas industry, with a focus on Chevron and other producers. Chevron positioned for growth with strong financials, buyback plans, and increased production. Chevron offers value opportunity with high dividend yield and potential for capital appreciation.

Chevron: I Don't Own It But I Should As It Yields Over 4%

24/7 Insights Warren Buffett has a stunning $189 billion in cash and short-term Treasury debt Berkshire Hathaway is up 12.4% in 2024 Grab this free report today Access 2 legendary, high-yield dividend stocks Wall Street loves If any investor has stood the test of time, it's Warren Buffett, and with good reason.

With Oil Nearing $85 Warren Buffet Has 9% Of Berkshire Hathaway in 2 Top Energy Stocks

Deere & Company

PepsiCo

PepsiCo is a Dividend King at an attractive valuation. Deere's earnings are poised to fall, but the stock is dirt cheap.

I Have High Hopes for These 3 Dirt-Cheap Dividend Stocks in the Second Half of 2024 (and Beyond)

American Express

VeriSign

Stock picking might be challenging, with new investors often making mistakes in their selection. For those who want to play it safe and borrow some knowledge from the market legends, there is no better investor than Warren Buffett.

Warren Buffett's top 3 stock picks for the end of 2024

Chevron has struggled relative to the S&P 500 in 2024 despite rising oil prices, but the stock still sports a favorable valuation. Q1 results showed mixed performance, with strong production and cash returns to shareholders. Higher oil lately could be a boost to profits in the near term.

Chevron: Big Yield As Oil Prices Jump To Multi-Month Highs

Amazon

Alphabet

Microsoft

NVIDIA

No matter when you plan to retire, it is never too early to start working on your finances if you want to enjoy a comfortable future. When you park your money in the right place, it will grow and ensure that your expenses are taken care of during the golden years.

7 No-Brainer Stocks to Buy for Your Retirement Portfolio

Namibia's coastline hides a treasure trove of oil reserves. Chevron, ExxonMobil and Shell are eagerly poised to tap into this wealth, positioning themselves for strategic gains in Africa's new frontier.

Namibia Emerges as a New Frontier for Global Oil Giants

Beryl made landfall on Mexico's Yucatán Peninsula on Friday. Shell, Chevron, and Exxon Mobil have evacuated personnel from projects in the Gulf.

Hurricane Beryl Causes Oil Giants to Evacuate Gulf of Mexico Platforms

Schlumberger

Crude oil prices have started to move higher after a period of moving lower due to the lack of upside catalysts, presenting opportunities for oil stocks to buy on dip. The recent trend has been driven by optimistic demand forecasts for summer fuel consumption and a decline in U.S. crude inventories.

3 Oil Stocks to Buy on the Dip Before They Surge

Automatic Data Processing

Aflac

Lowe's

McDonald's

NextEra Energy

Realty Income Corp

Schwab US Dividend Equity ETF

AT&T

Walgreens

If I had to invest $100K today in Dividend Aristocrats, here's what I would do. I'd spread my investments in between my top 10 picks within the list. I show you what portfolio profile this would create, and where it falls short.

If I Had To Invest $100,000 In Dividend Aristocrats

APA Corporation

Baker Hughes Co

ConocoPhillips

Coterra Energy

Devon Energy

EOG Resources

Diamondback Energy

Halliburton

Hess

Kinder Morgan

Marathon Oil

ONEOK

Targa Resources

The energy sector underperformed the S&P500 in Q2 2024, continuing a trend that started earlier, and this is likely to continue heading into H2 2024. There are a number of factors that seem to be weighing on the energy sector, although some stocks are affected more than others. Crude oil is hemmed in between two opposing forces, which are both trying to impose their influence on prices.

News for Chevron Stock (CVX)