Stock Analysis on Net
Stock Analysis on Net
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Chevron Corp. (NYSE:CVX)

Common-Size Income Statement

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Chevron Corp., common-size consolidated income statement

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Sales and other operating revenues 100.00 100.00 100.00 100.00 100.00
Purchased crude oil and products -57.28 -59.52 -56.26 -53.82 -53.69
Operating expenses -15.29 -12.93 -14.43 -18.39 -17.73
Cost of operating revenues -72.57% -72.45% -70.69% -72.21% -71.41%
Excise, value-added and similar taxes 0.00 0.00 -5.34 -6.27 -5.66
Gross profit 27.43% 27.55% 23.97% 21.52% 22.92%
Selling, general and administrative expenses -2.96 -2.42 -3.30 -4.25 -3.42
Exploration expenses -0.55 -0.76 -0.64 -0.94 -2.57
Depreciation, depletion and amortization -20.89 -12.22 -14.37 -17.65 -16.19
Taxes other than on income -2.96 -3.06 -3.82 -4.32 -3.60
Operating income (loss) 0.07% 9.09% 1.84% -5.64% -2.86%
Income from equity affiliates 2.84 3.98 3.30 2.41 3.61
Other income 1.92 0.70 1.94 1.45 2.98
Interest and debt expense -0.57 -0.47 -0.23 -0.18 0.00
Other components of net periodic benefit costs -0.30 -0.35 0.00 0.00 0.00
Income (loss) before income tax expense 3.96% 12.95% 6.85% -1.96% 3.73%
Income tax (expense) benefit -1.92 -3.60 0.04 1.57 -0.10
Net income (loss) 2.03% 9.35% 6.88% -0.39% 3.63%
Net income attributable to noncontrolling interests 0.06 -0.02 -0.05 -0.06 -0.09
Net income (loss) attributable to Chevron Corporation 2.09% 9.33% 6.83% -0.45% 3.53%

Based on: 10-K (filing date: 2020-02-21), 10-K (filing date: 2019-02-22), 10-K (filing date: 2018-02-22), 10-K (filing date: 2017-02-23), 10-K (filing date: 2016-02-25).

Income statement item Description The company
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Chevron Corp.’s operating income (loss) as a percentage of sales and other operating revenues increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Income (loss) before income tax expense Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Chevron Corp.’s income (loss) before income tax expense as a percentage of sales and other operating revenues increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Net income (loss) attributable to Chevron Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Chevron Corp.’s net income (loss) attributable to Chevron Corporation as a percentage of sales and other operating revenues increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.