Ratios (Summary)

Chevron Corp., profitability ratios

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Return on Sales
Gross profit margin 23.62% 23.77% 25.69% 26.48% 27.22%
Operating profit margin 9.84% 12.36% 15.18% 15.67% 12.80%
Net profit margin 9.60% 9.73% 11.35% 11.01% 9.60%
Return on Investment
Return on equity (ROE) 12.41% 14.37% 19.18% 22.16% 18.10%
Return on assets (ROA) 7.23% 8.44% 11.24% 12.84% 10.30%

Source: Based on data from Chevron Corp. Annual Reports

Ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Chevron Corp.'s gross profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Chevron Corp.'s operating profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Chevron Corp.'s net profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.
ROE A profitability ratio calculated as net income divided by shareholders' equity. Chevron Corp.'s ROE deteriorated from 2012 to 2013 and from 2013 to 2014.
ROA A profitability ratio calculated as net income divided by total assets. Chevron Corp.'s ROA deteriorated from 2012 to 2013 and from 2013 to 2014.

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Gross Profit Margin

Chevron Corp., gross profit margin calculation

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (USD $ in millions)
Gross profit 47,352  52,341  59,244  64,714  53,952 
Sales and other operating revenues 200,494  220,156  230,590  244,371  198,198 
Ratio
Gross profit margin1 23.62% 23.77% 25.69% 26.48% 27.22%

Source: Based on data from Chevron Corp. Annual Reports

2014 Calculations

1 Gross profit margin = 100 × Gross profit ÷ Sales and other operating revenues
= 100 × 47,352 ÷ 200,494 = 23.62%

Ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Chevron Corp.'s gross profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.

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Operating Profit Margin

Chevron Corp., operating profit margin calculation, comparison to benchmarks

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (USD $ in millions)
Operating income 19,726  27,213  35,013  38,299  25,375 
Sales and other operating revenues 200,494  220,156  230,590  244,371  198,198 
Ratio
Operating profit margin1 9.84% 12.36% 15.18% 15.67% 12.80%
Benchmarks
Operating Profit Margin, Competitors
BP PLC –% 3.87% 1.87% 7.69% -5.22%
ConocoPhillips –% 20.52% 20.94% 7.17% 6.24%
Exxon Mobil Corp. 8.65% 9.58% 11.01% 11.58% 10.84%
Royal Dutch Shell PLC –% 5.73% 7.84% 8.91% 6.93%
Operating Profit Margin, Sector
Integrated Oil & Gas –% 7.82% 8.88% 10.03% 6.13%
Operating Profit Margin, Industry
Oil & Gas –% 8.37% 9.20% 10.08% 6.63%

Source: Based on data from Chevron Corp. Annual Reports

2014 Calculations

1 Operating profit margin = 100 × Operating income ÷ Sales and other operating revenues
= 100 × 19,726 ÷ 200,494 = 9.84%

Ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Chevron Corp.'s operating profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.

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Net Profit Margin

Chevron Corp., net profit margin calculation, comparison to benchmarks

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (USD $ in millions)
Net income attributable to Chevron Corporation 19,241  21,423  26,179  26,895  19,024 
Sales and other operating revenues 200,494  220,156  230,590  244,371  198,198 
Ratio
Net profit margin1 9.60% 9.73% 11.35% 11.01% 9.60%
Benchmarks
Net Profit Margin, Competitors
BP PLC –% 6.19% 3.08% 6.84% -1.25%
ConocoPhillips –% 16.83% 14.54% 5.08% 6.00%
Exxon Mobil Corp. 8.25% 7.74% 9.90% 8.79% 8.23%
Royal Dutch Shell PLC –% 3.63% 5.69% 6.58% 5.47%
Net Profit Margin, Sector
Integrated Oil & Gas –% 6.75% 7.43% 7.60% 5.43%
Net Profit Margin, Industry
Oil & Gas –% 6.92% 7.39% 7.54% 5.63%

Source: Based on data from Chevron Corp. Annual Reports

2014 Calculations

1 Net profit margin = 100 × Net income attributable to Chevron Corporation ÷ Sales and other operating revenues
= 100 × 19,241 ÷ 200,494 = 9.60%

Ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Chevron Corp.'s net profit margin deteriorated from 2012 to 2013 and from 2013 to 2014.

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Return on Equity (ROE)

Chevron Corp., ROE calculation, comparison to benchmarks

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (USD $ in millions)
Net income attributable to Chevron Corporation 19,241  21,423  26,179  26,895  19,024 
Total Chevron Corporation stockholders' equity 155,028  149,113  136,524  121,382  105,081 
Ratio
ROE1 12.41% 14.37% 19.18% 22.16% 18.10%
Benchmarks
ROE, Competitors
BP PLC –% 18.14% 9.78% 23.06% -3.92%
ConocoPhillips –% 17.58% 17.56% 19.07% 16.57%
Exxon Mobil Corp. 18.65% 18.72% 27.06% 26.59% 20.74%
Royal Dutch Shell PLC –% 9.09% 14.11% 18.24% 13.60%
ROE, Sector
Integrated Oil & Gas –% 15.04% 17.90% 22.03% 13.71%
ROE, Industry
Oil & Gas –% 14.41% 16.62% 20.06% 12.83%

Source: Based on data from Chevron Corp. Annual Reports

2014 Calculations

1 ROE = 100 × Net income attributable to Chevron Corporation ÷ Total Chevron Corporation stockholders' equity
= 100 × 19,241 ÷ 155,028 = 12.41%

Ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders' equity. Chevron Corp.'s ROE deteriorated from 2012 to 2013 and from 2013 to 2014.

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Return on Assets (ROA)

Chevron Corp., ROA calculation, comparison to benchmarks

 
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (USD $ in millions)
Net income attributable to Chevron Corporation 19,241  21,423  26,179  26,895  19,024 
Total assets 266,026  253,753  232,982  209,474  184,769 
Ratio
ROA1 7.23% 8.44% 11.24% 12.84% 10.30%
Benchmarks
ROA, Competitors
BP PLC –% 7.67% 3.86% 8.77% -1.37%
ConocoPhillips –% 7.76% 7.19% 8.12% 7.27%
Exxon Mobil Corp. 9.30% 9.39% 13.45% 12.40% 10.07%
Royal Dutch Shell PLC –% 4.58% 7.38% 8.96% 6.24%
ROA, Sector
Integrated Oil & Gas –% 7.45% 8.75% 10.29% 6.24%
ROA, Industry
Oil & Gas –% 7.25% 8.26% 9.67% 6.10%

Source: Based on data from Chevron Corp. Annual Reports

2014 Calculations

1 ROA = 100 × Net income attributable to Chevron Corporation ÷ Total assets
= 100 × 19,241 ÷ 266,026 = 7.23%

Ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Chevron Corp.'s ROA deteriorated from 2012 to 2013 and from 2013 to 2014.

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