Chevron Historical Income Statement Analysis

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 30.6 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.
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Chevron Corporation Income Statement Chart

Consolidated Income    Earning Before Interest and Taxes EBIT    Gross Profit    Interest Expense    Net Income    Net Income Common Stock    Net Income from Discontinued Operations    Net Income to Non Controlling Interests    Revenues    Revenues USD    Research and Development Expense    Selling General and Administrative Expense    

Consolidated Income

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

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.

Interest Expense

Amount of the cost of borrowed funds accounted for as interest expense.

Net Income

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 Common Stock

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Typically differs from Net Income to the parent entity due to 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.

Net Income to Non Controlling Interests

The portion of income which is attributable to non-controlling interest shareholders, subtracted from Consolidated Income in order to obtain Net Income.

Revenues

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.

Revenues USD

Revenues in USD, converted by [FXUSD].

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.

Selling General and Administrative Expense

A component of Operating Expenses representing the aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc.