Chevron Corp. (CVX)

Income Statement
Quarterly Data

Difficulty: Beginner

The income statement presents information on the financial results of a company’s business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Chevron Corp., consolidated income statement (quarterly data)

US$ in millions

	3 months ended	Jun 30, 2019		Mar 31, 2019		Dec 31, 2018		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014
	Sales and other operating revenues
	Purchased crude oil and products
	Operating expenses
	Cost of operating revenues
	Excise, value-added and similar taxes
	Gross profit
	Selling, general and administrative expenses
	Exploration expenses
	Depreciation, depletion and amortization
	Taxes other than on income
	Operating income (loss)
	Income from equity affiliates
	Other income (loss)
	Interest and debt expense
	Other components of net periodic benefit costs
	Income (loss) before income tax expense
	Income tax (expense) benefit
	Net income (loss)
	Net (income) loss attributable to noncontrolling interests
	Net income (loss) attributable to Chevron Corporation

Income statement item	Description	The company
Sales and other operating revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Chevron Corp.’s sales and other operating revenues declined from Q4 2018 to Q1 2019 but then slightly increased from Q1 2019 to Q2 2019.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Chevron Corp.’s operating income (loss) declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
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 declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.
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 declined from Q4 2018 to Q1 2019 but then increased from Q1 2019 to Q2 2019 exceeding Q4 2018 level.

	Chevron Corp.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

	All companies
Financial Statements
Common-Size Financial Statements
Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis
Financial Reporting Quality

Chevron Corp. (CVX)

Income StatementQuarterly Data

Income Statement
Quarterly Data