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

Exxon Mobil

ExxonMobil's merger with Pioneer is boosting its presence in the Permian Basin. Chevron's merger with Hess gives it access to promising offshore reserves in Guyana.

ExxonMobil and Chevron Are Betting Big on Fossil Fuels. Should You?

U.S. Senate Majority Leader Charles Schumer on Wednesday urged the U.S. Federal Trade Commission to consider possible anti-competitive harms stemming from recent multi-billion dollar acquisitions by oil and gas giants Exxon Mobil and Chevron Corp.

US Senator Schumer urges FTC to probe Exxon, Chevron mega-deals

Hess

Pioneer Natural Resources

Schlumberger

Oil stocks are back in focus, with the ongoing Israel-Hamas war pushing oil prices higher on fears of a wider conflict in the Middle East that could disrupt supplies. Further, the recently announced mega deals in the sector have gained investors' attention.

Which Oil Stock Could Deliver the Most Attractive Returns?

Occidental Petroleum

Oil markets got spooked this week, right in time for Halloween. On Monday, World Bank economists warned that oil prices could peak close to $150 per barrel.

3 Oil Stocks Making Big Moves in Q4 2023

Enbridge

NextEra Energy

The energy sector tends to provide substantial results during geopolitical conflicts because of changes in supply. Energy usually becomes more expensive because of declining production and distribution.

Energy Stocks for Long-Term Growth: 3 Companies to Watch

The answer to whether Exxon Mobil NYSE: XOM or Chevron NYSE: CVX is a better buy is relative. Exxon was clearly the better buy for investors before the Q3 results were released, but now that those results are in, the tables have turned.

Exxon Mobil or Chevron? Which is the better buy?

Underwhelming results and doubts about recent deals weigh on the oil companies' shares.

Why Exxon and Chevron's Deals Leave Investors Cold

An Australian union alliance's members voted in support to endorse deals on pay and conditions at Chevron's two liquefied natural gas (LNG) facilities in Australia, the union said on Tuesday.

Australia LNG workers vote in support for Chevron deal

Energy firm Chevron is expanding around the world, running up against geopolitical, geological, and labor challenges.

Chevron's Global Ambitions Are Hitting Expensive Snags

Strive US Energy ETF

Fidelity MSCI Energy Index ETF

Vanguard Energy ETF

Energy Select Sector SPDR Fund

Two energy behemoths - Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) - reported worse-than-expected third-quarter earnings.

Energy ETFs in Focus Post Exxon, Chevron Q3 Earnings Miss

Chevron Corp. CVX, +0.56% shares have been pummeled in recent weeks after a quarterly earnings miss for the oil giant and news it plans to merge with Hess Corp. HES, +0.69% The stock is down around 15% and that “looks overdone,” BofA securities Doug Leggate said in a note Monday. Leggate upgraded his rating on Chevron's stock to buy, and upped his price target to $200, from $190, which implies an upside of about 38% over Monday prices.

Buy Chevron stock on weakness, BofA says

Analysts at the Bank of America (BoA) have upgraded Chevron Corporation (NYSE:CVX) to a ‘Buy' rating from ‘Neutral' on their view the “unwarranted collapse” in the energy company's shares following its weak third quarter results presents a “tactical opportunity” for investors. They also upped their price target on the stock from US$190 to US$200.

Chevron upgraded to ‘Buy' as recent plunge in valuation presents ‘tactical opportunity'

Microsoft

AbbVie

Advanced Micro Devices

Bristol-Myers

Comcast

Cisco Systems

Datadog

L3Harris

Southwest Airlines

Newell Brands

ON Semiconductor

Sanofi

Valley National

Vertex Pharmaceuticals

Western Digital

Here are some of the tickers on Jim's radar for Monday, Oct. 30, taken directly from his reporter's notebook:

Here are 16 stocks Jim Cramer is watching, including Microsoft, Chevron, Southwest

Lockheed Martin

Newmont Mining

It's a myth that making money comes easy in stock markets. This is important to note for all new investors.

Grow a Profitable Portfolio With These 3 Dividend Kings in 2024

Apple

Amazon

Bank of America

Johnson & Johnson

Coca-Cola

Mastercard

Procter & Gamble

Visa

The megacap stocks in Berkshire Hathaway's portfolio include some of Buffett's largest and smallest holdings. Income, growth, and value investors can all find at least one stock to like in the group.

Nearly 70% of Warren Buffett's $326 Billion Portfolio Is Invested in These 9 Megacap Stocks

Chevron's deal announced last week to buy Hess , one of the largest operators in the Bakken shale play in North Dakota, could raise oil output there marginally but analysts do not expect a return to its peak pre-pandemic boom days.

Chevron-Hess deal may lift Bakken oil output, but no return to boom days

Devon Energy

Devon Energy is a U.S.-focused energy producer. Chevron is a globally diversified integrated energy company.

Better Buy: Devon Energy vs. Chevron

Chevron's PDC Energy acquisition fueled record production in its U.S. upstream business in the third quarter. The deal will enhance its free cash flow over the next year.

Chevron's $7.6 Billion Acquisition Is Paying Big Dividends

There are several stocks that investors can buy today for big long-term gains and profits. These aren't the usual names tied to artificial intelligence (AI) or weight loss drugs that have enjoyed big runs year-to-date.

3 Millionaire-Maker Stocks to Buy Before Everyone Else Does

Less than a month after they each announced major acquisitions, the two largest U.S. oil giants reported sluggish third-quarter earnings Friday. But investors responded less harshly to ExxonMobil's results than they did to Chevron's—perhaps because of Chevron's lagging production business.

Exxon and Chevron Earnings Slumped in Q3. Here's Why Investors Balked More At One.

Earnings season is upon us and it has been a relatively mixed bag so far. However, investors in Chevron (NYSE: CVX ) and CVX stock have had a particularly rough go today.

Chevron (CVX) Stock Just Hit a New 52-Week Low

Exxon Mobil  XOM  and Chevron  CVX  reported quarterly earnings Friday morning, and both companies missed quarterly earnings expectations. The energy giants saw EPS drop more than -40% YoY, in stark contrast to last year's banner performance.

A Bet on Long-Term Oil Demand: Chevron and Exxon Mobil Commence Dealmaking Arms Race

In trading on Friday, shares of Chevron entered into oversold territory, changing hands as low as $145.67 per share.

Chevron Shares Enter Oversold Territory

Chevron Corporation (NYSE:CVX ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Jake Spiering - General Manager, Investor Relations Michael Wirth - Chairman and Chief Executive Officer Pierre Breber - Vice President and Chief Financial Officer Conference Call Participants Roger Read - Wells Fargo Securities Joshua Silverstein - UBS Neil Mehta - Goldman Sachs Group Inc. Devin McDermott - Morgan Stanley Biraj Borkhataria - RBC Capital Markets Sam Margolin - Wolfe Research, LLC Paul Cheng - Scotiabank John Royall - JPMorgan Chase & Co. Douglas Leggate - Bank of America Merrill Lynch Irene Himona - Société Générale Jason Gabelman - TD Cowen Ryan Todd - Piper Sandler Bob Brackett - Bernstein Research Neal Dingmann - Truist Securities Alastair Syme - Citigroup Inc. Operator Good morning. My name is Katie, and I will be your conference facilitator today.

Chevron Corporation (CVX) Q3 2023 Earnings Call Transcript

Chevron (CVX) paid $2.9 billion in dividends during the third quarter and repurchased shares worth $3.4 billion.

News for Chevron Stock (CVX)