Revenue segments as reported by the company.

Sales and other operating revenues

Income from equity affiliates

Other income

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Operating expenses

Exploration expenses

Depreciation, depletion and amortization

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Chevron

Texaco, Inc. ("The Texas Company") is an American oil subsidiary of Chevron Corporation. Its flagship product is its fuel "Texaco with Techron". It also owns the Havoline motor oil brand. Texaco was an independent company until its refining operations merged into Chevron Corporation in 2001, at which time most of its station franchises were divested to the Shell Oil Company.

Texaco

Tengizchevroil is a joint venture between Chevron (50% share in the consortium), ExxonMobil (25% share), KazMunayGas (20% share) and LukArco (5% share). The joint venture was formed in April 1993, when the Kazakhstan government granted an exclusive 40-year right to Tengizchevroil LLP (TCO) to develop the Tengiz and Korolevskoye oil fields located in the north-eastern reaches of the Caspian Sea in Kazakhstan.

Tengizchevroil

Wheatstone LNG is a liquefied natural gas plant under construction in the Ashburton North Strategic Industrial Area, which is located 12 kilometres (7.5 mi) west of Onslow, Western Australia. The project is being developed and will be operated by Chevron Australia Pty. Ltd.

Wheatstone LNG

Chevron Corp. engages in the provision of administrative, financial management, and technology support for energy and chemical operations. It operates through the Upstream and Downstream segments. The Upstream segment consists of the exploration, development, and production of crude oil and natural gas, the liquefaction, transportation, and regasification associated with liquefied natural gas, the transporting of crude oil by major international oil export pipelines, the processing, transporting, storage, and marketing of natural gas, and a gas-to-liquids plant. The Downstream segment consists of the refining of crude oil into petroleum products, the marketing of crude oil and refined products, the transporting of crude oil and refined products by pipeline, marine vessel, motor equipment, and rail car, and the manufacturing and marketing of commodity petrochemicals and plastics for industrial uses and fuel & lubricant additives. The company was founded in 1906 and is headquartered in San Ramon, CA.

Earnings data Q1 2021

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Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Chevron excels in 2022 with record earnings and growth strategies

Chevron's strong financial performance in 2022, focus on capital efficiency, and commitment to lower carbon initiatives position it well for continued growth. While challenges like demand fluctuations and economic risks persist, the company's strategic priorities and disciplined approach to M&A offer avenues for future success.

Chevron reports robust Q1 earnings, navigates challenges, eyes growth

Chevron's Q1 performance reflects resilience amid lower oil prices, with strong earnings and shareholder returns.
The company faces challenges from changing demand patterns and regulatory uncertainties but maintains a disciplined approach.
Opportunities lie in growing jet demand, Permian production, and strategic acquisitions while managing costs effectively.
Chevron's strengths include a robust balance sheet, high-margin assets, and a focus on long-term value creation.
Overall, Chevron's consistent management through cycles positions it well for sustainable growth and shareholder value.

Chevron reports record earnings, eyes renewable energy growth opportunities

Chevron's Q2 earnings call highlighted strong financial performance, operational achievements, and strategic initiatives towards lower carbon emissions. The company's focus on high-return projects, shareholder value, and renewable energy expansion positions it well for future growth. Despite challenges in refining margins and certain operational areas, Chevron remains optimistic about its portfolio and commitment to driving value for shareholders.

Chevron reports lower Q3 earnings, eyes Hess acquisition benefits

Chevron's Q3 performance was impacted by lower earnings but maintained strong shareholder returns and operational progress.
The Hess acquisition and green energy investments signal a strategic shift towards new energies and carbon reduction efforts.
Challenges include lower earnings, production forecasts, and balancing shareholder returns with growth opportunities.
Opportunities lie in long-term growth plans, operational synergies, and strategic integration post-Hess acquisition.

Chevron reports robust 2023 results, eyes Permian growth opportunities

Chevron's 2023 performance showcased strong financial results, operational achievements, and strategic acquisitions. The company's focus on shareholder returns, capital discipline, and growth in key basins positions it well for the future. Challenges in production growth, market dynamics, and operational optimizations are being actively addressed.
Opportunities lie in expanding Permian production, enhancing operational efficiencies, and adapting to market conditions. Chevron's commitment to sustainable practices, value creation, and maximizing shareholder value underpins its strategic direction. The company's balanced approach to growth and returns reflects a resilient and forward-looking energy player.

Chevron reports robust Q1 earnings, navigates challenges for future growth

Chevron's Q1 2024 showcased strong financial performance, operational growth, and strategic investments in renewable energy sectors.
The company faces challenges in managing debt, operational constraints, and political risks while capitalizing on exploration opportunities.
With a focus on reliability, innovation, and responsible development, Chevron aims to maintain production levels and drive future growth.
Progress from acquisitions, divestments, and operational improvements position Chevron for incremental free cash flow and sustainable performance.

Chevron reports robust Q2 earnings, eyes sustainable growth opportunities

Chevron's strong Q2 performance, focus on production growth, and strategic financial priorities position the company for continued success.
While facing challenges in project execution and leadership transitions, Chevron's emphasis on operational efficiency and shareholder value creation remains steadfast.
The company's opportunities lie in sustainable production growth, exploration endeavors, and strategic investments to drive future profitability and competitiveness.

Chevron reports strong Q3 earnings and targets cost-saving initiatives

Chevron's Q3 performance reflects robust earnings, production growth, and strategic cost-saving initiatives. While facing operational challenges in Q4, the company remains focused on optimizing its portfolio and driving efficiency for long-term growth.

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Purchase/sale of investments

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Cash from financing

Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Chevron delivered strong U.S. production growth. It continues to return significant cash to shareholders.

Chevron Showcases How Integration Can Pay Big Dividends in the Oil Patch

Exxon Mobil

This earnings season has started out a little erratic, thanks to unusual Wall Street behavior after big tech companies released their earnings reports. Case in point: Netflix, Inc. ( NFLX ) and Tesla, Inc. ( TSLA ).

Chevron and Exxon Earnings Are in

Archer-Daniels-Midland Company

Cullen/Frost Bankers

C.H. Robinson Worldwide

Clorox

Enbridge

Enterprise Products Partners

Federal Realty Investment Trust

Kimberly-Clark

Altria

NextEra Energy

National Fuel Gas

Novartis

Philip Morris

Essential Utilities

Attempting to time the market is not a successful strategy. Long-term investing has consistently outperformed market timing. Today, the S&P is fairly valued, but blue-chip bargains are plentiful if you know where to look. These 16 dividend aristocrats yield an average of 4.7%, are 18% undervalued, have 30% 12-month upside potential, and are expected to keep delivering 12% to 13% annual returns just as they have for 25 years.

16 High-Yield Dividend Aristocrats Yielding Almost 5%

McDonald's

PepsiCo

Pfizer

Procter & Gamble

Dividend stocks can be a great way to build wealth. If you are a long-term investor and believe in dividend reinvesting, you could generate above-average returns over a few years.

7 Dividend Stocks to Buy Now for Steady Returns in Any Market

APA Corporation

ConocoPhillips

Diamondback Energy

Cheniere Energy

Shell PLC

The World Bank has warned that an escalation of tensions in the Middle East could push oil prices above $100 per barrel, reversing the recent downward trend in global inflation. The Bank stated that even before the recent missile strikes between Iran and Israel, the fall in commodity prices had been leveling off, making interest rate decisions more challenging for central banks.

The Top 7 Oil & Gas Stocks to Buy in April 2024

Hess

Hess Corp set May 28 for a special meeting of shareholders to vote on Chevron Corp 's $53 billion buyout offer, the company said in a securities filing on Friday.

Hess sets May 28 shareholder vote on Chevron buyout

Chevron Corporation (NYSE:CVX ) Q1 2024 Earnings Conference Call April 26, 2024 11:00 AM ET Corporate Participants Jake Spiering - General Manager, IR Mike Wirth - Chairman and Chief Executive Officer Eimear Bonner - Vice President and Chief Financial Officer Conference Call Participants Sam Margolin - Wolfe Research Neil Mehta - Goldman Sachs Paul Cheng - Scotiabank Betty Jiang - Barclays Josh Silverstein - UBS Biraj Borkhataria - RBC Nitin Kumar - Mizuho Jason Gabelman - TD Cowen Bob Brackett - Bernstein Research Roger Read - Wells Fargo Lloyd Byrne - Jefferies Devin McDermott - Morgan Stanley Ryan Todd - Piper Sandler John Royall - JPMorgan Alastair Syme - Citi Neal Dingmann - Truist Operator Good morning. My name is Katie, and I will be your conference facilitator today.

Chevron Corporation (CVX) Q1 2024 Earnings Call Transcript

TotalEnergies SE

U.S. and European oil companies reported weaker first quarter results on Friday due to a sharp drop in natural gas prices compared with a year ago.

Earnings for Big Oil backpaddle as natgas prices tumble

Phillips 66

Major oil producers Chevron Corporation (NYSE:CVX, ETR:CHV), Exxon Mobil Corp (NYSE:XOM, ETR:XONA), and Phillips 66 (NYSE:PSX) all moved lower in early trade on Friday after reporting a drop in profits for the first quarter. Profits took a hit from lower refining margins, which have continued to decline from their peak after Russia's invasion of Ukraine in 2022, and lower natural gas prices, partially offset by higher volumes.

Chevron, Exxon and Phillips 66 report lower Q1 profits amid refining challenges

Chevron (CVX) pays $3 billion in dividends during the first quarter and spends around $4.1 billion in capital and exploratory expenditures.

Chevron (CVX) Q1 Earnings Beat on Strong U.S. Production

Chevron (CVX) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $3.55 per share a year ago.

Chevron (CVX) Tops Q1 Earnings Estimates

Chevron (CVX) on Friday reported first-quarter results roughly in line with analyst estimates, which predicted a decrease in revenue and profit from the same time last year.

Chevron Posts Revenue, Profit Decline as Lower Natural Gas Prices Hit Margins

The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down.

Exxon, Chevron Earnings Fall Back to Earth

Marathon Petroleum

Chevron Corp is in focus this morning after coming in shy of revenue estimates for its fiscal first quarter.  Kevin Simpson shares his view on Chevron stock The energy giant attributed the weakness to a lower margin at its refineries and natural gas prices that have tanked 35% since the start of 2024.

Simpson likes $COP and $MPC ‘a little better' than Chevron after its Q1 earnings

Today, big oil is firmly in the spotlight, with ExxonMobil, Chevron, TotalEnergies, Phillips 66 and Imperial Oil all reporting their latest earnings within hours of each other. It may well make for interesting viewing too, since the oil market has been anything but straightforward lately.

Big oil earnings: Three things to watch for as ExxonMobil, Chevron and Phillips 66 report financial results today

Shares of Chevron Corp. CVX, +1.05% slipped 0.4% in premarket trading Friday, putting them in danger of snapping a seven-session losing streak, after the oil giant reported first-quarter profit and revenue that fell but topped expectations, as U.S. production jumped 35%. Net income fell to $5.5 billion, or $2.97 a share, from $6.57 billion, or $3.46 a share, due primarily to lower margins on refined product sales and lower natural-gas realizations.

Chevron stock slip toward first loss in 8 sessions as profit and revenue fall, but top forecasts

Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes helped offset an impact from weak natural gas prices.

Chevron reports Q1 profit beat

Chevron produced 1.57 million barrels of oil equivalent daily in the U.S. for the quarter, an increase of 35% over the same period last year.

Chevron beats earnings estimates but profit falls on lower refining margins and natural gas prices

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $5.5 billion ($2.97 per share - diluted) for first quarter 2024, compared with $6.6 billion ($3.46 per share - diluted) in first quarter 2023. Foreign currency effects increased earnings by $85 million. Adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024 compared to adjusted earnings of $6.7 billion ($3.55 per share - diluted) in first quarter 2023. See Attachment 4 for a rec.

Chevron Reports First Quarter 2024 Results

Quarterly-filed Form 13Fs allow investors to see what stocks Wall Street's brightest minds have been buying and selling. Four of Wall Street's most-successful billionaire asset managers have been piling into one brand-name company.

Meet the Industry-Leading Stock Billionaires Warren Buffett, Ken Griffin, Ken Fisher, and Steven Cohen Can't Stop Buying

Exxon Mobil and Chevron report first-quarter earnings and revenue early Friday.

Exxon, Chevron Earnings Are Coming. Supermajors Spar Over South America's Oil Jewel.

Oil prices have surged approximately 15% this year, hovering near $90 a barrel with expectations of remaining at elevated geopolitical tensions. This rise in oil prices was fueled by increasing tensions between Iran and Israel, raising concerns about broader conflicts in the Middle East.

Crude Awakening: 3 Energy Plays Set to Strike Liquid Gold for Investors

The first-quarter earnings reports for U.S. energy giants ExxonMobil (XOM) and Chevron (CVX) coming this week should confirm that, when it comes to Big Oil, it's not solely about crude prices.

Why ExxonMobil and Chevron Q1 Earnings Are Expected To Fall Despite Rising Oil Prices

Hess Corp reported a first-quarter profit on Thursday that beat analysts' estimates, helped by higher production from the oil and gas company that is set to be acquired by U.S. energy major Chevron in a $53 billion deal.

Chevron-target Hess reports Q1 profit beat on higher production

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan. TCO achieved this milestone by converting its first metering station at Tengiz to low pressure and activating the associated Pressure Boost Facility (PBF). This marks important progress for TCO's overall expansion project at Tengiz.

News for Chevron Stock (CVX)