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 Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

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Earnings data Q4 2023

Earnings data Q1 2024

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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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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Exxon Mobil

Less than a month after they each announced major acquisitions, the two largest U.S. oil giants reported sluggish third-quarter earnings Friday. But investors responded less harshly to ExxonMobil's results than they did to Chevron's—perhaps because of Chevron's lagging production business.

Exxon and Chevron Earnings Slumped in Q3. Here's Why Investors Balked More At One.

Earnings season is upon us and it has been a relatively mixed bag so far. However, investors in Chevron (NYSE: CVX ) and CVX stock have had a particularly rough go today.

Chevron (CVX) Stock Just Hit a New 52-Week Low

Hess

Pioneer Natural Resources

Exxon Mobil  XOM  and Chevron  CVX  reported quarterly earnings Friday morning, and both companies missed quarterly earnings expectations. The energy giants saw EPS drop more than -40% YoY, in stark contrast to last year's banner performance.

A Bet on Long-Term Oil Demand: Chevron and Exxon Mobil Commence Dealmaking Arms Race

In trading on Friday, shares of Chevron entered into oversold territory, changing hands as low as $145.67 per share.

Chevron Shares Enter Oversold Territory

Chevron Corporation (NYSE:CVX ) Q3 2023 Earnings Conference Call October 27, 2023 11:00 AM ET Company Participants Jake Spiering - General Manager, Investor Relations Michael Wirth - Chairman and Chief Executive Officer Pierre Breber - Vice President and Chief Financial Officer Conference Call Participants Roger Read - Wells Fargo Securities Joshua Silverstein - UBS Neil Mehta - Goldman Sachs Group Inc. Devin McDermott - Morgan Stanley Biraj Borkhataria - RBC Capital Markets Sam Margolin - Wolfe Research, LLC Paul Cheng - Scotiabank John Royall - JPMorgan Chase & Co. Douglas Leggate - Bank of America Merrill Lynch Irene Himona - Société Générale Jason Gabelman - TD Cowen Ryan Todd - Piper Sandler Bob Brackett - Bernstein Research Neal Dingmann - Truist Securities Alastair Syme - Citigroup Inc. Operator Good morning. My name is Katie, and I will be your conference facilitator today.

Chevron Corporation (CVX) Q3 2023 Earnings Call Transcript

Chevron (CVX) paid $2.9 billion in dividends during the third quarter and repurchased shares worth $3.4 billion.

Chevron's (CVX) Q3 Earnings Disappoint, Revenues Beat

Chevron fell well short of consensus analyst estimates due to lower commodity prices. The oil giant recently closed on its acquisition of PDC Energy and struck a $60 billion deal to acquire Hess.

Why Chevron Stock Dropped Today

Chevron (CVX) shares dropped after the energy giant posted worse-than-expected earnings on lower oil prices and higher costs.

Chevron Shares Drop as Lower Oil Prices and Higher Costs Drag Down Earnings

Shares of Chevron Corp. fell more than 5% on Friday after the integrated oil giant reported quarterly earnings well below expectations, as rising oil prices hurt its downstream business.

Chevron's stock tanks more than 5%, and rising oil prices didn't help

Chevron on Friday posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its shares down 6%.

Chevron's third-quarter profit slumps, shares fall 6%

While the top- and bottom-line numbers for Chevron (CVX) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Compared to Estimates, Chevron (CVX) Q3 Earnings: A Look at Key Metrics

Chevron's third-quarter earnings missed Wall Street estimates by a wide margin, sending its share price down despite its recent megadeal with Hess.

Chevron's profit slumps, shares fall

XOM and CVX reported worse-than-expected third-quarter earnings and revenue early Friday, with steep profit declines from the highs of 2022.

Exxon Mobil, Chevron See Third-Quarter EPS Slip More Than 40% As Companies Stress Acquisitions

Amazon

Deckers Outdoor

Intel

Ubisoft Entertainment SA

Amazon.com Inc (NASDAQ:AMZN), up 5.25% to $125.85, last night reported better-than-expected financial results for its third quarter of 2023, with a notable beat on the bottom line. The e-commerce giant's quarterly earnings per share (EPS) came in at $0.94, a more than three-fold increase from a year earlier and much better than the $0.58 analyst consensus estimate.

Amazon, Intel, Deckers, Exxon, Chevron, Chevron, Ubisoft - Stocks on the move

Chevron (CVX) came out with quarterly earnings of $3.05 per share, missing the Zacks Consensus Estimate of $3.68 per share. This compares to earnings of $5.56 per share a year ago.

Chevron (CVX) Lags Q3 Earnings Estimates

Chevron Corp reported near halved net income in the third quarter reflecting reduced margins and fluctuating oil prices. The San Ramon, California-based oil exploration company total revenue in the three months to September 30 fell 19% to $54.08 billion from $66.64 billion, while net income slipped 42% to $6.56 billion from $11.24 billion the year before.

Chevron net income nearly halves amid lower margins

Chevron Corp.'s stock CVX, -0.72% fell 1.4% premarket Friday, after the oil giant posted third-quarter profit that fell far short of estimates. The company said it had net income of $6.526 billion, or $3.48 a share, in the third quarter, down from $11.231 billion, or $5.81 a share, in the year-earlier period.

Chevron's stock dips premarket after profit miss

Integration is a crucial aspect of Chevron's business model. Hess Midstream is vital to Hess' operations in the Bakken.

Prediction: Given Its History, Chevron Will Buy This High-Yield Dividend Stock Next

Chevron on Friday reported a fall in third-quarter profit despite higher oil prices, days after agreeing to buy smaller U.S. rival Hess Corp for $53 billion.

Chevron reports lower third-quarter profit

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE: CVX) reported earnings of $6.5 billion ($3.48 per share - diluted) for third quarter 2023, compared with $11.2 billion ($5.78 per share - diluted) in third quarter 2022. Included in the current quarter were a one-time tax benefit of $560 million in Nigeria and pension settlement costs of $40 million. Foreign currency effects increased earnings by $285 million. Adjusted earnings of $5.7 billion ($3.05 per share - diluted) in third qu.

Chevron Reports Third Quarter 2023 Results

Albemarle

Lockheed Martin

Altria

Pfizer

AT&T

Vale S.A.

Historically, the last quarter of the year has been good for equities. However, the markets seem to have started Q4 on a nervous note.

The 7 Most Undervalued Dividend Stocks to Buy: October 2023

Bank of America

Kraft Heinz

Warren Buffett is one of the most successful investors. Since launching Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) in 1965, his investment philosophy has consistently outperformed the broader market.

The 3 Most Undervalued Warren Buffett Stocks to Buy: October 2023

Apple

American Express

Coca-Cola

The Oracle of Omaha's track record since the mid-1960s -- a greater than 4,100,000% aggregate return for his company's Class A shares (BRK.A) -- speaks volumes. Portfolio concentration has played a key role in Warren Buffett's outperformance as an investor.

74% of Warren Buffett's $335 Billion Portfolio Is Invested in Just 5 Stocks

Chevron and Exxon announced shiny new acquisitions this month, and industry watchers say that it could be the start of more multibillion megadeals to come.

Chevron and Exxon's latest buys could usher in a new era of oil megamergers

Energy firm Chevron will report third-quarter earnings on Friday at a key moment in its history.

News for Chevron Stock (CVX)