Chevron Corporation

NYSE:CVX Stock Report

Market Cap: US$256.7b

Chevron Past Earnings Performance

Past criteria checks 2/6

Chevron has been growing earnings at an average annual rate of 36.8%, while the Oil and Gas industry saw earnings growing at 40.4% annually. Revenues have been growing at an average rate of 14.3% per year. Chevron's return on equity is 10.7%, and it has net margins of 8.7%.

Key information

36.8%

Earnings growth rate

37.2%

EPS growth rate

Oil and Gas Industry Growth33.7%
Revenue growth rate14.3%
Return on equity10.7%
Net Margin8.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Chevron: Cash, Baby, Cash Is Good News For Shareholders

Dec 18

Chevron: Oil Prices Break Below $70, But CVX Remains Undervalued

Dec 08

Chevron: A Top Energy Investment For 2025

Nov 18

Chevron Corporation Just Beat EPS By 6.6%: Here's What Analysts Think Will Happen Next

Nov 05
Chevron Corporation Just Beat EPS By 6.6%: Here's What Analysts Think Will Happen Next

Chevron: Good Quarter But Mr. Market Turns Pessimistic

Nov 03

Chevron: 3 Reasons This Is The King Of Oil Dividend Aristocrats

Oct 22

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

Oct 18
We Think Chevron (NYSE:CVX) Can Stay On Top Of Its Debt

Chevron: Think Of The Future - Buy

Oct 06

Striking Oil: Why Chevron Remains A Strong Buy

Sep 20

Chevron: Don't Miss This Buying Opportunity

Aug 20

Buy Chevron Stock For The Overhangs

Aug 14

Chevron Options Still Offer Better Prospects Than Hess

Aug 07

Chevron Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Aug 05
Chevron Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Chevron Has A Strong Growth Trajectory Into 2025

Jul 31

Sentiment Still Eluding Chevron Corporation (NYSE:CVX)

Jul 26
Sentiment Still Eluding Chevron Corporation (NYSE:CVX)

Chevron: I Don't Own It But I Should As It Yields Over 4%

Jul 08

Chevron's 4.2% Yield Is A Steal (Upgrade)

Jul 01

Is Chevron (NYSE:CVX) Using Too Much Debt?

Jun 07
Is Chevron (NYSE:CVX) Using Too Much Debt?

Chevron: Never Bet Against A Leading Oil Major

Jun 04

It's Unlikely That Chevron Corporation's (NYSE:CVX) CEO Will See A Huge Pay Rise This Year

May 23
It's Unlikely That Chevron Corporation's (NYSE:CVX) CEO Will See A Huge Pay Rise This Year

Chevron Stock's EPS Growth Potential Can Surprise Market

May 08

Chevron: The Fast Way To Hot Spots

May 01

Analysts Have Made A Financial Statement On Chevron Corporation's (NYSE:CVX) First-Quarter Report

Apr 30
Analysts Have Made A Financial Statement On Chevron Corporation's (NYSE:CVX) First-Quarter Report

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

Revenue & Expenses Breakdown

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
30 Sep 24191,68916,68131,4920
30 Jun 24195,04818,72031,2570
31 Mar 24192,85020,29630,6770
31 Dec 23194,79921,36930,0870
30 Sep 23203,06525,46330,6480
30 Jun 23214,53430,16830,5030
31 Mar 23233,30635,78030,4740
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

Quality Earnings: CVX has high quality earnings.

Growing Profit Margin: CVX's current net profit margins (8.7%) are lower than last year (12.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: CVX's earnings have grown significantly by 36.8% 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 (-34.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-14.2%).

Return on Equity

High ROE: CVX's Return on Equity (10.7%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 01:37
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Chevron Corporation is covered by 66 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
William SeleskyArgus Research Company
Ishan MajumdarBaptista Research
Betty JiangBarclays