Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

$24.99

Net Profit Margin
since 2005

Microsoft Excel

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Calculation

Chevron Corp., net profit margin, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Net Income (Loss) Attributable to Chevron Corporation
The net income demonstrates significant fluctuations over the analyzed period. Starting at $14,099 million in 2005, it generally increased reaching a peak of $26,895 million in 2011. From 2012 to 2014, the net income showed a slight decline. Particularly notable is the sharp drop in 2015 to $4,587 million, followed by a net loss of $497 million in 2016. Afterward, the net income recovered with variable increases, peaking again in 2022 at $35,465 million before declining in the subsequent two years, ending at $17,661 million in 2024. The data indicates considerable volatility, with periods of both strong profitability and losses, reflecting sensitivity to external and internal factors affecting net earnings.
Sales and Other Operating Revenues
Sales and operating revenues exhibit a somewhat cyclical pattern with notable growth phases and downturns. Starting at $193,641 million in 2005, revenues peaked in 2008 at $264,958 million. Thereafter, a marked decrease occurred in 2009 with revenues falling to $167,402 million, followed by a recovery trend reaching another peak in 2011 at $244,371 million. A gradual decline ensued from 2012 through 2016, where revenues reached a low of $110,215 million. Subsequent years show a pattern of recovery with revenues increasing to $235,717 million by 2022 before falling again in 2023 and 2024 to $196,913 and $193,414 million respectively. Overall, revenues show resilience but with significant susceptibility to market and economic conditions leading to cyclical variability.
Net Profit Margin
The net profit margin follows a trend consistent with net income fluctuations, showing variability and sensitivity to profitability changes. Starting at 7.28% in 2005, the margin increased steadily to 11.35% in 2012, indicating improving profitability relative to sales. Margins declined to a low of -0.45% in 2016, reflecting the net loss recorded in that year. Subsequently, margins recovered, peaking at 15.05% in 2022, suggesting strong earnings performance relative to revenues. Margins decreased again to 9.13% by 2024. This variability points to periods of strong operational efficiency and profitability interspersed with challenging periods impacting overall margins.
Overall Observations
The financial data reveals Chevron Corporation's exposure to the cyclical nature of the energy sector, with marked volatility in both net income and revenues. Peaks in financial performance often correspond to periods of higher commodity prices and economic growth, while declines align with adverse market conditions, including years of net losses and reduced revenues. The recovery phases indicate operational strength and adaptability. Profitability margins, while fluctuating, reveal efficiency improvements during positive periods and contraction under stress. These patterns underscore the importance of dynamic financial management and strategic positioning to navigate the inherent volatility in the company's operating environment.

Comparison to Competitors

Chevron Corp., net profit margin, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Chevron Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Energy)