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    Net Income    Revenues    Weighted Average Shares    

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.

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.

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.

Weighted Average Shares

The weighted average number of shares or units issued and outstanding that are used by the company to calculate Earnings per Basic Share, determined based on the timing of issuance of shares or units in the period.