Historical analysis of Chevron income statement accounts such as Cost of Revenue of 103.2 B
, Earning Before Interest and Taxes EBIT of 1.4 B
or Gross Profit of 39.5 B
can show how well Chevron Corporation performed in making a profits. Evaluating Chevron income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Chevron future profits or losses. Financial Statement Analysis is much more than just reviewing and examining Chevron latest accounting reports in order to predict its past. Macroaxis encourages investors to analyze financial statement over time for various trends across multiple indicators and accounts to determine whether Chevron is a good buy for the upcoming year. Check also Trending Equities
Consolidated Income Earning Before Interest and Taxes EBIT Gross Profit Net Income Net Income from Discontinued Operations Revenues Research and Development Expense
Chevron Corporation Income Statement Chart
The portion of profit or loss for the period, net of income taxes, which is attributable to the consolidated entity, before the deduction of Net Income to Non Controlling Interests
Earning Before Interest and Taxes EBIT
Earnings Before Interest and Tax is calculated by adding Income Tax Expense
and Interest Expense
back to Net Income
Gross profit is a required income statement account that reflects total revenue of Chevron Corporation minus its cost of goods sold. It is profit before Chevron operating expenses, interest payments and taxes. Gross profit is also known as gross margin. Aggregate revenue Revenues
less cost of revenue Cost of Revenue
directly attributable to the revenue generation activity.
Net income is one of the most important fundamental items in finance. It plays a large role in Chevron financial statement analysis. It represents the amount of money remaining after all of Chevron Corporation operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. The portion of profit or loss for the period, net of income taxes, which is attributable to the parent after the deduction of Net Income to Non Controlling Interests
from Consolidated Income
, and before the deduction of Preferred Dividends.
Net Income from Discontinued Operations
Amount of income (loss) from a disposal group, net of income tax, reported as a separate component of income.
Revenues refers to the total amount of money received by Chevron for goods sold or services provided during a certain time period. It also includes all of Chevron sales as well as any other increase in Chevron Corporation equity.Revenues are reported on Chevron income statement and calculated before any expenses are subtracted. Amount of Revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Interest income for financial institutions is reported net of interest expense and provision for credit losses.
Research and Development Expense
A component of Operating Expenses
representing the aggregate costs incurred in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service.