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    Contact usWhat is Enterprise Value?Advanced EV Calculator
    CHEVRON CORP (CVX)
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    NVDATSLAAAPL
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    Latest price
    $178.04
    2.3%
    Dollar Amounts
    USD (Millions)
    Metric20202021202220232024
    Revenue$94,692$162,465$246,252$200,949$202,792
    Gross Profit$44,204$73,093$100,836$81,753$83,586
    Operating IncomeN/AN/AN/AN/AN/A
    Net Income-$5,543$15,625$35,465$21,369$17,661
    Data source10-K10-K10-K10-K10-K
    Showing latest financials
    Data in millions of USD
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    Commentary on Chevron Corporation Performance

    Over the five-year period, Chevron’s revenue and gross profit show notable fluctuations. In 2020, revenue stood at 94,692 million USD with a gross profit of 44,204 million USD, reflecting challenging market conditions around that time. The company rebounded significantly by 2021 when revenue jumped to 162,465 million USD and further to 246,252 million USD in 2022—a growth of over 150% compared to 2020. This upward push in revenue was mirrored in gross profit, which increased from 44,204 million USD in 2020 to 73,093 million USD in 2021 and peaked at 100,836 million USD in 2022. However, the subsequent period saw a downturn, with revenue decreasing to 200,949 million USD in 2023 and then stabilizing around 202,792 million USD in 2024, while gross profit experienced a similar pattern of contraction albeit remaining relatively robust. Net income also reflected significant shifts. In 2020, Chevron reported a net loss of 5,543 million USD, which reversed to a profit of 15,625 million USD in 2021. The trend continued with net income climbing to 35,465 million USD in 2022—a dramatic swing of well over 100% year-over-year. However, the momentum slowed with net income decreasing to 21,369 million USD in 2023 and further down to 17,661 million USD in 2024, indicating pressures on profitability in the latter years. Notably, operating income is reported as zero throughout all periods, suggesting either a data reporting anomaly or an omission of this particular metric from the available financial details. Overall, while Chevron demonstrated strong recovery and robust performance in revenue and gross profit during the early part of the period, the recent declines in net income raise questions about operational efficiency and margin sustainability in the current market environment.

    This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.