Chevron Past Earnings Performance

Past criteria checks 2/6

Chevron has been growing earnings at an average annual rate of 35.4%, while the Oil and Gas industry saw earnings growing at 37.1% annually. Revenues have been growing at an average rate of 13.8% per year. Chevron's return on equity is 12.6%, and it has net margins of 10.5%.

Key information

35.4%

Earnings growth rate

35.4%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate13.8%
Return on equity12.6%
Net Margin10.5%
Last Earnings Update31 Mar 2024

Recent past performance updates

Recent updates

Chevron: Resilient To Oil Price Volatility But Wait For A Pullback

Apr 19

Chevron: A Strong Q1 Report Is Ahead

Apr 13

Chevron: Solid As A Cap Rock But Fairly Valued For Now

Mar 26

Chevron: Exxon Barges In To Scupper The Hess Deal Closure

Mar 12

Chevron Is A Solid Company At A Respectable Price

Feb 27

Chevron: Is This A Good Dividend Stock To Buy?

Feb 07

Chevron's (NYSE:CVX) Upcoming Dividend Will Be Larger Than Last Year's

Feb 05
Chevron's (NYSE:CVX) Upcoming Dividend Will Be Larger Than Last Year's

Value Investors Take Note! Why Chevron May Be A Must-Own Stock

Jan 29

We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Jan 26
We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Chevron And Hess Merger May Be At Risk As Geopolitical Risk Escalates

Jan 08

Chevron: Fill Up The Income Tank And Buy This 4%-Yielding Dividend Aristocrat

Dec 22

Lacklustre Performance Is Driving Chevron Corporation's (NYSE:CVX) Low P/E

Dec 18
Lacklustre Performance Is Driving Chevron Corporation's (NYSE:CVX) Low P/E

Chevron And Hess: Scenario Analysis Relating To Geopolitical Risk

Dec 04

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Nov 30
Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Chevron Made New 52-Week Lows, But The Dividend Remains Safe

Nov 27

Chevron's (NYSE:CVX) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 13
Chevron's (NYSE:CVX) Shareholders Will Receive A Bigger Dividend Than Last Year

Buy HES, Sell CVX

Nov 06

Chevron Makes Hess Its Largest Acquisition

Oct 30

Chevron: Surprising But Delightful Deal For Hess Announcement

Oct 23

Chevron Offers Smoother Ride In Any Oil Market

Oct 16

We Think Chevron (NYSE:CVX) Can Manage Its Debt With Ease

Oct 05
We Think Chevron (NYSE:CVX) Can Manage Its Debt With Ease

Chevron Stock: Outlook Amid California Lawsuit

Oct 04

Chevron: Take Some Profit With Warren Buffett (Rating Downgrade)

Sep 26

Oil Could Hit $300 A Barrel

Sep 18

There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Sep 02
There's Been No Shortage Of Growth Recently For Chevron's (NYSE:CVX) Returns On Capital

Chevron: Ready To Become The Next Dividend Champion Of This Decade

Aug 25

Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Aug 15
Calculating The Fair Value Of Chevron Corporation (NYSE:CVX)

Making My Own Super Major Oil Company - Version 2.0

Aug 07

Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

Jul 31
Chevron (NYSE:CVX) Is Paying Out A Larger Dividend Than Last Year

Revenue & Expenses Breakdown
Beta

How Chevron makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:CVX Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 24192,86920,29630,6770
31 Dec 23194,79921,36930,0870
30 Sep 23203,06525,46330,6480
30 Jun 23214,53430,16830,5030
31 Mar 23233,30835,78030,4740
31 Dec 22235,91635,46530,2220
30 Sep 22227,69234,16728,9730
30 Jun 22206,00029,04727,5320
31 Mar 22175,81220,50726,4410
31 Dec 21155,06715,62525,9430
30 Sep 21134,1969,90525,1090
30 Jun 21115,6413,58724,6160
31 Mar 2195,450-7,76526,4360
31 Dec 2094,005-5,54326,2860
30 Sep 2096,411-11,48827,4590
30 Jun 20107,193-8,70128,2520
31 Mar 20127,5903,87426,6600
31 Dec 19139,3652,92426,5900
30 Sep 19137,76813,26426,0870
30 Jun 19145,09414,73126,3050
31 Mar 19149,26213,83526,3130
31 Dec 18151,04114,82425,8190
30 Sep 18153,07114,20525,8090
30 Jun 18142,99112,11025,4370
31 Mar 18133,60610,15124,7060
31 Dec 17127,4859,19524,7100
30 Sep 17121,4236,49924,6230
30 Jun 17116,7855,83024,2420
31 Mar 17111,7392,91024,7650
31 Dec 16103,310-49725,8670
30 Sep 16101,162-1,50026,3400
30 Jun 16104,742-74627,2400
31 Mar 16113,5461,29529,2610
31 Dec 15122,5664,58729,4200
30 Sep 15136,3768,64630,3240
30 Jun 15155,11512,20231,2820
31 Mar 15173,71417,29631,0180
31 Dec 14192,30819,24131,4520
30 Sep 14204,02320,70031,7060
30 Jun 14208,69720,05731,6370
31 Mar 14208,43319,75731,3250
31 Dec 13211,66421,42330,9670
30 Sep 13213,96423,73830,3870
30 Jun 13213,08124,04130,0860

Quality Earnings: CVX has high quality earnings.

Growing Profit Margin: CVX's current net profit margins (10.5%) are lower than last year (15.3%).


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: CVX's earnings have grown significantly by 35.4% per year over the past 5 years.

Accelerating Growth: CVX's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CVX had negative earnings growth (-43.3%) over the past year, making it difficult to compare to the Oil and Gas industry average (-20.8%).


Return on Equity

High ROE: CVX's Return on Equity (12.6%) is considered low.


Return on Assets


Return on Capital Employed


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