Chevron Corp. (NYSE:CVX)

The quarterly financial data reveals multiple notable trends and fluctuations over the observed periods.

Sales and Other Operating Revenues

There was a significant decline from the start in early 2020 through the middle of that year. Revenues recovered steadily beginning late 2020, reaching peaks in 2022 before experiencing fluctuations but a general decreasing trend toward the first quarter of 2025.

Income (Loss) from Equity Affiliates

The income from equity affiliates showed considerable volatility, with sharp negative income in mid-2020 followed by a strong recovery and consistent positive income through subsequent periods, although the magnitude of income shows some variability.

Other Income (Loss)

This category exhibited high volatility, including sporadic losses and substantial gains, most strikingly a large negative figure in late 2023 and a notable jump to a large positive in late 2024.

Revenues and Other Income

This combined measure mirrors the trends of sales and other revenues, with the largest declines in early 2020 and a robust recovery peaking in 2022, followed by fluctuations and a moderate decline toward early 2025.

Purchased Crude Oil and Products

Expenses for purchased crude oil and products showed a rising trend in absolute value, increasing steadily from early 2020 to consistent high values in late 2022 and beyond, indicating rising costs or volumes associated with procurement.

Operating Expenses

Operating expenses remained relatively stable with minor fluctuations, though a slight increasing trend in recent periods is noted, peaking somewhat in late 2024 before a modest improvement in early 2025.

Selling, General and Administrative Expenses

SG&A expenses fluctuated considerably across quarters with no clear sustained trend, peaking noticeably in mid-2020 and again in late 2024 before decreasing slightly in early 2025.

Exploration Expenses

Exploration expenses demonstrated volatility with peaks in mid-2020 and late 2024; otherwise, values varied moderately throughout the periods.

Depreciation, Depletion and Amortization

Depreciation, depletion, and amortization expenses were highly inconsistent quarter to quarter, showing significant increases and decreases without a clear continuous trend, but are generally maintained at a substantial level throughout.

Taxes Other Than on Income

The data shows fluctuating tax expenses with periods of negative values contrasting with positive outflows. This irregular pattern suggests atypical tax events or adjustments affecting non-income taxes.

Operating Income (Loss)

Operating income experienced significant volatility, with a severe loss in mid-2020, followed by a strong recovery and peak profitability in 2022. Thereafter, operating income showed a downward trend with fluctuations into 2025, yet remaining positive.

Interest and Debt Expense

Interest and debt expenses remained relatively stable with small fluctuations, generally trending downward slightly over time but ending with a slight increase in late periods.

Other Components of Net Periodic Benefit Costs

These costs show a generally negative outflow, although some quarters show near-zero or positive adjustments, without clear directional trajectory.

Income (Loss) Before Income Tax Expense (Benefit)

This metric closely tracked operating income trends, with sharp losses in mid-2020 followed by recovery and high performance in 2022, then fluctuating but positive outcomes toward early 2025.

Income Tax (Expense) Benefit

Income tax expenses fluctuated significantly, with tax benefits recorded in mid-2020, followed by predominantly increasing tax expenses through 2022 and subsequent periods, reflecting increasing profitability and taxable income.

Net Income (Loss)

Net income followed a pattern similar to operating income and pre-tax income, showing substantial losses in mid-2020, strong profits in 2021-2022, fluctuating thereafter but generally positive through to early 2025, indicating resilience and recovery from pandemic-related impacts.

Net Income (Loss) Attributable to Chevron Corporation

The net income attributable to Chevron Corporation closely mirrors the overall net income results, confirming that the majority of net profits and losses were attributable to the parent entity with consistent minor adjustments for noncontrolling interests.