Chevron Earnings before Tax vs Invested Capital Average Analysis

CVX -- USA Stock  

USD 124.04  0.22  0.18%

Chevron financial indicator trend analysis is way more than just evaluating Chevron prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Chevron is a good investment. Please check the relationship between Chevron Earnings before Tax and its Invested Capital Average accounts. Check also Trending Equities.

Earnings before Tax vs Invested Capital Average

Accounts Relationship

Earnings before Tax vs Invested Capital Average

Significance: Significant Contrarian Relationship

Overlapping area represents amount of trend that can be explained by analyzing historical patterns of Chevron Earnings before Tax account and Invested Capital Average

Correlation Coefficient

-0.45
Relationship DirectionNegative 
Relationship StrengthVery Weak

Earnings before Tax

Earnings Before Tax is calculated by adding Income Tax Expense back to Net Income.

Invested Capital Average

Average invested capital value for the period used in the calculation of Return on Invested Capital

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