Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Chevron Corp., consolidated statement of comprehensive income

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income (loss) 21,411 35,608 15,689 (5,561) 2,845
Unrealized net change arising during period 11 (41) (55) 35 (18)
Currency translation adjustment 11 (41) (55) 35 (18)
Net gain (loss) arising during period 1 (1) (1) (2) 2
Unrealized holding gain (loss) on securities 1 (1) (1) (2) 2
Net derivatives gain (loss) on hedge transactions (11) 65 (6) (1)
Reclassification to net income 33 (80) 6
Income tax benefit (cost) on derivatives transactions (5) 3 3
Derivatives 17 (12) 2
Amortization to net income of net actuarial loss and settlements 244 599 1,069 1,107 519
Actuarial gain (loss) arising during period (550) 1,050 1,244 (2,004) (2,404)
Actuarial gain (loss) (306) 1,649 2,313 (897) (1,885)
Amortization to net income of net prior service costs and curtailments (13) (19) (14) (23) 4
Prior service (costs) credits arising during period (29) (96) (28)
Prior service credits (cost) (42) (115) (14) (23) (24)
Defined benefit plans sponsored by equity affiliates, benefit (cost) 6 100 127 (104) (33)
Income tax benefit (cost) on defined benefit plans 151 (489) (647) 369 510
Defined benefit plans (191) 1,145 1,779 (655) (1,432)
Other comprehensive gain (loss), net of tax (162) 1,091 1,723 (622) (1,446)
Comprehensive income (loss) 21,249 36,699 17,412 (6,183) 1,399
Comprehensive (income) loss attributable to noncontrolling interests (42) (143) (64) 18 79
Comprehensive income (loss) attributable to Chevron Corporation 21,207 36,556 17,348 (6,165) 1,478

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Comprehensive income item Description The company
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. net income (loss) attributable to Chevron Corporation increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Comprehensive income (loss) attributable to Chevron Corporation Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Exclude changes in equity resulting from investments by owners and distributions to owners. Chevron Corp. comprehensive income (loss) attributable to Chevron Corporation increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.