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

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Earnings data Q1 2023

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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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Purchase/sale of business

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Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Apple

Intel

Microsoft

Visa

Apple, Microsoft, Intel move lower as tech stocks fall, while Chevron moved higher on a ratings upgrade

Dow Jones Today: Tech Sends Index Lower

Stanley Druckenmiller (Trades, Portfolio), founder and CEO of Duquesne Family Office, disclosed in a regulatory 13F filing that his firm's top five trades during the first quarter included reductions to its holdings in Chevron Corp. ( CVX , Financial) and Meta Platforms Inc. ( META , Financial). The firm also entered new positions in Microsoft Corp. ( MSFT , Financial), IQVIA Holdings Inc. ( IQV , Financial) and Alphabet Inc. ( GOOGL , Financial).

Stanley Druckenmiller's Firm Trims Holding in Buffett's Chevron, Packs Into Microsoft

A deal announced by Chevron to buy midsize oil and gas producer PDC Energy is not a clear signal of a wave of large-scale energy mergers and acquisitions.

Chevron Deal Complicates Oil M&A Narrative

Two analysts have more bullish takes on Chevron's stock today. Chevron is acquiring all outstanding shares of PDC Energy for $6.3 billion.

Why Chevron's Stock Is Rising Today

The U.S. on Tuesday renewed for six months a license authorizing a group of U.S. oil service companies to preserve assets in Venezuela, keeping long-standing restrictions that prevent them from drilling, processing or handling any Venezuela-origin barrel of oil.

US renews license to oil service firms in Venezuela under same restrictions

Chevron (NYSE: CVX ) stock is a hot topic among traders on Tuesday after the oil company got a new price prediction! HSBC analyst Kim Fustier is behind this news with a new price target of $189 per share for CVX stock.

CVX Stock Price Prediction: Is Chevron Really Worth $189?

HSBC just upgraded blue-chip oil giant  Chevron Corporation (NYSE:CVX) to "buy" from "hold" today, citing potential tailwinds from rising crude prices.

Analyst: Higher Prices Could Boost Oil Stock

PDC Energy Inc

Chevron stock is down 9.6% in May as analysts revised their opinion on the U.S. energy giant after the news of the $6.3 billion deal for PDC Energy. The post Chevron Stock Upgraded To A Buy After $6 Billion PDC Energy Deal appeared first on Investor's Business Daily.

Chevron Stock Upgraded To A Buy After $6 Billion PDC Energy Deal

Chevron (CVX) reveals that its flagship Gorgon plant in Australia was launched six years ago, but just one-third of its capacity was utilized due to operational concerns.

Chevron's (CVX) Gorgon Facility Operates at Only 30% Capacity

U.S. oil major Chevron announced a $7.6 billion takeover of Denver-based PDC Energy Monday in the largest acquisition thus far in 2023.

Chevron Deal Could Kick Off Another Round Of U.S. Shale Consolidation

The $6.3 billion deal values PDC Energy at 25% below the average target price for its stock. Will PDC shareholders balk?

Chevron Oil Deal Looks Like a Bargain. Is It?

ConocoPhillips

Hess

World Fuel Services

Occidental Petroleum

Transocean

Schlumberger

It may be time to sell some of the top energy stocks, especially as they become overvalued. Sure, according to the International Energy Agency, rising post-Covid demand from China, coupled with tight supply, suggests that a crude oil rebound is possible later this year.

7 Overvalued Energy Stocks to Sell Before June 2023

Analyst Stewart Glickman at CFRA on Monday upgraded his rating on Chevron Corp.'s stock CVX, -1.81% to buy, from hold, after Chevron's announcement earlier Monday that it plans to buy PDC Energy Inc. PDCE, +7.22% The deal, for $6.3 billion plus $1.3 billion in stock, would boost Chevron's share count by 4.6% and it is likely to be immediately accretive, Glickman said. PDC's DJ Basin acreage, largely adjacent to Chevron's, can enable Chevron “to generate improved unit cost performance in that region,” the analyst said.

Chevron stock gets upgrade to buy rating at CFRA

NEW YORK , May 22, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by PDC Energy, Inc. (NASDAQ: PDCE) and its board of directors concerning the proposed acquisition of the company by Chevron Corporation (NYSE: CVX). Stockholders will receive 0.4638 shares of Chevron common stock for each share of PDC Energy stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of PDC Energy, Inc.

Chevron's latest acquisition shows that the best deals on the oil patch may be smaller operators with geographic concentration.

Why Big Oil Likes Small Deals

Oil and gas giant Chevron (NYSE: CVX ) — one of the world's supermajors — generated headlines Monday morning when it announced the acquisition of shale producer PDC Energy (NASDAQ: PDCE ), sending shares up over 8%. However, CVX stock wasn't so lucky, losing about 1% in the early afternoon hours.

CVX Stock Alert: Chevron Acquires PDC Energy in $6.3 Billion Deal

PDC Energy shares (PDCE) are jumping after Chevron (CVX) announced an agreement to buy the energy exploration and production company for $6.3 billion.

Chevron to Acquire PDC Energy, Sending Its Shares Soaring

Chevron Corp.'s plan to buy PDC Energy Inc. in a $6.3 billion deal, or $7.6 billion when including debt, has a few unexpected turns for Wall Street.

Chevron, PDC Energy deal holds a few surprises for Wall Street

Chevron Corporation is growing production organically and by acquisition with the newly announced PDC Energy, Inc. pickup. We will take a quick look at the PDC deal in this article. Cost control is a key aspect of the company's outstanding financial performance.

Chevron: Cash Flow Monster On Sale

Chevron Corp revealed that it would acquire PDC Energy Inc (NASDAQ:PETD) in an all-stock deal for $6.3 billion, including debt, bolstering the energy company's position in key US production basins. The San Ramon, California-based oil and gas giant said that it would issue 0.4638 Chevron shares, worth $72 based on Friday's closing price of $155.23, for each share of Denver-based PDC.

Chevron to buy PDC Energy in $6.3 billion all-stock deal

Chevron is making a highly strategic transaction. The deal will boost its free cash flow by $1 billion annually.

Chevron is Paying $7.6 Billion to Bulk Up its Oil Business. Time to Buy This Top Warren Buffett Stock?

The deal would boost the energy company's ownership in the largest U.S. oil field and in the Denver-Julesburg Basin.

Chevron to Buy PDC in $6.3 Billion Stock Swap

Chevron Corp. CVX, +0.79% announced Monday an agreement to buy Colorado-based oil and gas producer PDC Energy Inc. PDCE, +0.25% in an all-stock deal valued at $6.3 billion, or $7.6 billion when including debt. PDC's stock was halted for new until 8:30 a.m.

Chevron to buy PDC Energy in an all-stock deal valued at $6.3 billion, at premium of nearly 11%

'PDC's attractive and complementary assets strengthen Chevron's position in key U.S. production basins,' says Chevron Chairman and CEO Mike Wirth in a statement.

Chevron to Acquire PDC Energy for $6.3 Billion

Chevron Corp said on Monday it would acquire PDC Energy Inc in an all-stock transaction for $7.6 billion, including debt.

News for Chevron Stock (CVX)