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

Profit Margin

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

Growth

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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

PDC Energy Inc

Chevron Corporation (NYSE:CVX)'s planned acquisition of PDC Energy Inc is another example of the company effectively using its premium multiple to acquire companies, analysts at RBC Capital Market said as they upgraded the stock to ‘Outperform'. What's more, it is purchasing a company trading at a materially higher free cash flow (FCF) multiple, driving accretion across key metrics, the analysts wrote in a client note.

Chevron's PDC Energy acquisition adds to ‘Outperform' case, says broker

Exxon Mobil

ConocoPhillips

Kosmos Energy

Ovintiv

Jefferies analysts pose the question of whether OPEC+ cutting barrels is “a good or bad indicator” for oil markets and oil stocks. The answer is a bit mixed.

Chevron, Exxon, Oil Stocks Rise After Saudi Arabia Pledges Production Cut at OPEC+ Summit

Oil prices crept higher Monday, pushing energy stocks up, following Saudi Arabia's decision to cut oil production.

Oil Prices Boost Chevron, Exxon Mobil, Energy Stocks As Saudi Arabia Rattles Short Sellers

Chevron's acquisition of PDC Energy highlights the valuation differences that give Chevron a shopping advantage. The positive reaction of the market to the acquisition announcement may mark a coming change in market attitudes towards these acquisitions. The Chevron acquisition appears to be bolt-on but the two operations are large enough that the usual bolt-on synergies may not be that large.

Chevron Deal For PDC Energy Shows The Valuation Gap

NextEra Energy

Occidental Petroleum

The market is always forward-looking. That's one explanation for the drop in energy stocks after a blowout year in 2022.

7 Energy Stocks Powering Up for a Rally

Oil prices seem likely to rally later this year as demand outpaces supplies. That will enable Chevron to produce even more cash.

1 Top Oil Stock I'm Buying in June

AbbVie

Arrow Financial

Community Trust Bancorp

Enbridge

Essex Property Trust

Federal Realty Investment Trust

KFA Mount Lucas Index Strategy ETF

Altria

Philip Morris

The NY Fed estimates a 68% recession probability within the next 12 months, the highest risk in 42 years. Dividend aristocrats can provide a relatively safe investment option during a recession, with a history of raising dividends through economic downturns and much lower volatility. A diversified high-yield portfolio of dividend aristocrats can offer market-like returns with lower volatility and higher yield.

10 Dividend Aristocrats For The Ultimate 6% Yielding Retirement Portfolio

The two oil giants are apparently on the cusp of making a deal to enter a big new market. This was according to a media report in a top business newspaper.

Why Chevron and ExxonMobil Stocks Bounced Higher Today

Venezuela's oil exports fell 14% in May from the previous month as crude upgraders at its main oil region produced less exportable grades and state-run oil firm PDVSA struggled to replenish inventories, according to shipping data and documents.

Venezuela's oil exports drop as heavy crude processing sags, stocks drain

Chevron (CVX) and Exxon face contrasting shareholder perspectives as climate change proposals get rejected in annual meetings.

Chevron (CVX) & Exxon's Shareholders Reject Climate Proposals

Chevron's high free cash flow yield gives it an attractive valuation. Catalysts on the horizon should grow its cash flow.

Why Bargain-Hunting Investors Need to Look Closer at Chevron Stock

Apple

American Express

Bank of America

Coca-Cola

More than 75% of Berkshire Hathaway's portfolio is in five stocks. Professional investors often make focused bets that the rest of us can't afford or risk.

Warren Buffett's Portfolio Is Concentrated in a Few Stocks -- Should You Follow His Lead?

The North African nation's vast reserves and proximity to Europe make it attractive to the U.S. drillers that have huge cash troves to invest.

Exxon, Chevron Near Deals to Drill in Gas-Rich Algeria

Freeport-McMoRan

Nucor

Energy Select Sector SPDR Fund

SPDR S&P Metals & Mining ETF

The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.

Commodity Stocks Are Cheap. Time to Buy Soon.

Chevron Corporation (NYSE: CVX) has lost more than 10% in less than two months but an RBC Capital Markets analyst says a recovery may be brewing.

Chevron stock outlook: RBC sees a 20% upside

Chevron stock received its second analyst upgrade in as many days, boosting hopes for a recovery in the lagging energy major.

Is Chevron Stock Set for a Rebound?

Caterpillar

CME Group

Canadian Pacific Kansas City Limited

Carlisle Companies

Deere & Company

Danaher

Duke Energy

Extra Space Storage

Huntington Bancshares

Home Depot

L3Harris

Lockheed Martin

Nasdaq

Northrop Grumman

Norfolk Southern

PepsiCo

Public Storage

Pioneer Natural Resources

Raytheon Technologies

Union Pacific

Vanguard Dividend Appreciation ETF

Valero Energy

My dividend growth portfolio consists of 22 individual stocks in eight sectors, with a focus on industries with high entry barriers and dominant positions in supply chains. The portfolio has delivered solid returns, outperforming the S&P 500 by 400 basis points annually since 2013, despite recent market challenges. Going forward, I plan on adding to cyclical holdings and expanding my real estate exposure while maintaining my long-term investment strategy.

My Improved Six-Figure Market-Beating Dividend Growth Portfolio

Enterprise Products Partners

Shell PLC

TotalEnergies SE

If any investor has stood the test of time, it is Warren Buffett. For years, the “Oracle of Omaha” has had a rock-star-like presence in the investing world.

Warren Buffett Continues to Load Up on Energy: 5 Cheap Global Integrated Oil Mega-Caps With Huge Dividends

Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) shareholders moved en masse to block proposals for the oil giants to ramp up climate targets at their respective annual meetings on Wednesday. Over 90% of Chevron's stakeholders voted against the company setting a medium-term goal to reduce indirect emissions, while just 11% of Exxon Mobil's patrons backed similar targets.

Chevron, Exxon shareholders shun climate proposals at meetings

RBC follows J.P. Morgan analysts in upgrading Chevron shares.

Chevron Stock Rises as Oil Giant Bags Another Upgrade

Chevron Corp. CVX was upgraded to outperform from sector perform by RBC analysts, who lifted their price target to $180 per share from $165. The oil giant has used its premium multiple to make acquisitions in recent years, such as the recent purchase of PDC Energy PDCE, Biraj Borkhataria, associate director of European research, told clients in a note on Thursday.

Chevron upgraded to outperform from sector perform, target price lifted at RBC

The shareholders' votes, along with others in Europe, deal a blow to activists.

ESG Blowback: Exxon, Chevron Investors Reject Climate Measures

News for Chevron Stock (CVX)