Common-Size Income Statement
Beginner level
Chevron Corp., common-size consolidated income statement
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. |