Chevron Corp Financials

CVX Stock  USD 152.81  0.80  0.53%   
Based on the analysis of Chevron Corp's profitability, liquidity, and operating efficiency, Chevron Corp may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. At this time, Chevron Corp's Assets Non Current are fairly stable as compared to the past year. Cash and Equivalents is likely to rise to about 17.2 B in 2024, whereas Inventories is likely to drop slightly above 6.5 B in 2024. Key indicators impacting Chevron Corp's financial strength include:
Current ValueLast YearChange From Last Year 10 Year Trend
Return on Equity0.280.26
Significantly Up
Pretty Stable
Return on Assets0.170.16
Notably Up
Pretty Stable
Operating Income62.3 B57.7 B
Significantly Up
Pretty Stable
Profit Margin0.170.17
Steady
Pretty Stable
Debt to Equity Ratio0.580.55
Notably Up
Slightly volatile
Current Ratio1.221.32
Significantly Down
Slightly volatile
The financial analysis of Chevron Corp is a critical element in measuring its lifeblood. The essential information of the day-to-day investment outlook for Chevron Corp includes many different criteria found on its balance sheet. For example, investors should never minimize Chevron Corp's ability to pay suppliers or employees on time, making sure interest payments are not accumulating or correctly timing where and how to re-invest extra cash. Any individual investor needs to monitor Chevron Corp's cash flow, debt, and profitability to effectively and accurately make more informed decisions on whether to invest in Chevron Corp.

Cash and Equivalents

17.17 Billion

With this module, you can analyze Chevron financials for your investing period. You should be able to track the changes in Chevron Corp individual financial statements over time to develop the understanding of its risk, liquidity, profitability, or other critical and vital indicators.
  
Understanding current and past Chevron Corp Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Chevron Corp's financial statements are interrelated, with each one affecting the others. For example, an increase in Chevron Corp's assets may result in an increase in income on the income statement.
Evaluating Chevron Corp's financials involves analyzing a range of financial metrics and ratios to gain insights into the company's financial health and performance. However, considering all of Chevron Corp's profitability, liquidity ratios, and efficiency indicators at the same time could be an enormous task, and our Financial Distress score can provide you with a snapshot of the Chevron Corp's relative financial performance

Chance Of Distress

Less than 5

 
100  
 
Zero
Very Low
Chevron Corp has less than 5 (%) percent chance of experiencing financial distress in the next two years of operations. The calculation of odds of distress for Chevron Corp stock is tightly coupled with the Probability of Bankruptcy. It complements the equity performance score by supplying investors with insight into company financials without requiring them to know too much about all of the complex accounting and financial indicators surrounding the entity.
Please note, Chevron Corp's odds of distress score SHOULD NOT be confused with the real chance of Chevron Corp filing for bankruptcy protection for chapters 7, 11, 12, or 13. We define Financial Distress as an operational condition where an entity such as Chevron is having difficulty meeting its current financial obligations towards its creditors or delivering on the expectations of its investors. Macroaxis derives these conditions daily from public financial statements and analysis of stock prices reacting to market conditions or economic downturns, including short-term and long-term historical volatility. Other factors considered include Chevron Corp's liquidity analysis, revenue patterns, R&D expenses, and commitments, as well as public headlines and social sentiment.
More Info
The data published in Chevron Corp's official financial statements usually reflect Chevron Corp's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Chevron Corp. For example, before you start analyzing numbers published by Chevron accountants, it's critical to develop an understanding of what Chevron Corp's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Chevron Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Chevron Corp's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Chevron Corp's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Chevron Corp. Please utilize our Beneish M Score to check the likelihood of Chevron Corp's management manipulating its earnings.

Chevron Corp Company Summary

Chevron Corp competes with Weyco, Procter Gamble, SNDL, BBB Foods, and Church Dwight. Chevron Corporation, through its subsidiaries, engages in integrated energy and chemicals operations worldwide. Chevron Corporation was founded in 1879 and is based in San Ramon, California. Chevron Corp operates under Oil Gas Integrated classification in the United States and is traded on New York Stock Exchange. It employs 42595 people.
Foreign Associates
Specialization
Energy, Oil & Gas Integrated
InstrumentUSA Stock View All
ExchangeNew York Stock Exchange
CIK Number0000093410
ISINUS1667641005
CUSIP166751107
RegionNorth America
LocationCalifornia; U.S.A
Business Address6001 Bollinger Canyon
SectorOil, Gas & Consumable Fuels
IndustryEnergy
BenchmarkNYSE Composite
Websitewww.chevron.com
Phone925 842 1000
CurrencyUSD - US Dollar
You should never invest in Chevron Corp without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Chevron Stock, because this is throwing your money away. Analyzing the key information contained in Chevron Corp's financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.

Chevron Corp Key Financial Ratios

Generally speaking, Chevron Corp's financial ratios allow both analysts and investors to convert raw data from Chevron Corp's financial statements into concise, actionable information that can be used to evaluate the performance of Chevron Corp over time and compare it to other companies across industries. There are many critical financial ratios that investors are exposed to on a daily basis, but they are usually grouped into few meaningful categories from each financial statement that Chevron Corp reports annually and quarterly.

Chevron Corp Key Balance Sheet Accounts

201920202021202220232024 (projected)
Inventories5.8B5.7B6.3B8.2B7.4B6.5B
Receivables13.3B11.5B18.4B20.5B23.5B22.3B
Accounts Payable14.1B11.0B16.5B19.0B21.8B21.4B
Total Assets237.4B239.8B239.5B257.7B231.9B228.5B
Current Assets28.3B26.1B33.7B50.3B45.3B38.9B
Assets Non Current209.1B213.7B205.8B207.4B186.6B189.5B
Cash and Equivalents5.7B5.6B5.6B17.7B15.9B17.2B
Total Debt27.0B44.3B31.4B23.3B26.8B33.4B
Debt Current3.3B1.5B256M2.0B1.8B2.5B
Debt Non Current23.7B42.8B31.1B21.4B24.6B30.0B
Inventory5.8B5.7B6.8B8.2B9.5B8.6B
Investments38.8B39.1B40.7B45.5B52.3B47.4B
Investments Current63M31M35M223M200.7M165.5M
Total Liabilities92.2B107.1B99.6B97.5B87.7B89.8B
Current Liabilities26.5B22.2B26.8B34.2B30.8B28.3B
Tax Liabilities16.2B14.4B17.8B22.9B20.6B19.3B

Chevron Corp Key Income Statement Accounts

An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket. The other reason investors look at the income statement is to determine what Chevron Corp's earnings per share (EPS) will be in order to see if they want to buy more shares or not. For example, if a company earned $20 million in the last quarter and has 100,000 shares outstanding, its EPS is 20 cents. If you find that this number beats analysts' forecasts or is higher than it was from the same period last year, then you might want to buy more of this stock even though its price per share may not have changed.
201920202021202220232024 (projected)
Direct Expenses80.1B50.5B89.4B145.4B167.2B147.1B
Consolidated Income2.8B(5.6B)15.7B35.6B40.9B44.2B
Cost of Revenue105.6B75.3B116.9B174.2B156.7B134.1B
Gross Profit40.9B19.4B45.5B72.1B82.9B68.3B
Interest Expense798M697M712M516M593.4M641.4M
Net Income2.9B(5.5B)15.6B35.5B40.8B44.0B
Operating Expenses34.5B26.1B23.2B21.9B25.2B28.0B
Operating Income6.3B(6.8B)22.4B50.2B57.7B62.3B
Revenues146.5B94.7B162.5B246.3B221.6B186.2B
Income Tax Expense2.7B(1.9B)6.0B14.1B12.7B13.7B

Chevron Corp Key Cash Accounts

Cash flow analysis captures how much money flows into and out of Chevron Corp. It measures of how well Chevron is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Chevron Corp brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Chevron had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Chevron Corp has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
201920202021202220232024 (projected)
Capital Expenditure(11.2B)(6.0B)(6.3B)(9.3B)(10.7B)(11.6B)
Depreciation Amortization and Accretion29.2B19.5B17.9B16.3B18.8B21.1B
Net Cash Flow or Change in Cash and Cash Equivalents(3.6B)(174M)58M12.3B14.2B15.3B
Net Cash Flow Business Acquisitions and Disposals(1.2B)(1.0B)401M(2.9B)(2.6B)(2.7B)
Issuance Purchase of Equity Shares(2.9B)(1.5B)38M(5.4B)(6.2B)(6.4B)
Payment of Dividends and Other Cash Distributions(9.0B)(9.7B)(10.2B)(11.0B)(9.9B)(10.7B)
Net Cash Flow from Financing(19.8B)(3.7B)(23.1B)(25.0B)(22.5B)(23.1B)
Net Cash Flow from Investing(11.5B)(7.0B)(5.9B)(12.1B)(13.9B)(15.0B)
Net Cash Flow Investment Acquisitions and Disposals952M35M(1M)117M105.3M103.5M
Net Cash Flow from Operations27.3B10.6B29.2B49.6B57.0B45.4B
Effect of Exchange Rate Changes on Cash332M(50M)(151M)(190M)(218.5M)(224.3M)

Chevron Financial Ratios Relationships

Comparative valuation techniques use various fundamental indicators to help in determining Chevron Corp's current stock value. Our valuation model uses many indicators to compare Chevron Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Chevron Corp competition to find correlations between indicators driving Chevron Corp's intrinsic value. More Info.
Chevron Corp is number one stock in ebitda category among related companies. It is number one stock in gross profit category among related companies fabricating about  2.09  of Gross Profit per EBITDA. At this time, Chevron Corp's Earnings Before Interest Taxes and Depreciation Amortization EBITDA is fairly stable as compared to the past year.. Comparative valuation analysis is a catch-all model that can be used if you cannot value Chevron Corp by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Chevron Corp's Stock . Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Chevron Corp's earnings, one of the primary drivers of an investment's value.

Chevron Corp Systematic Risk

Chevron Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Chevron Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Execute Function
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Chevron Corp correlated with the market. If Beta is less than 0 Chevron Corp generally moves in the opposite direction as compared to the market. If Chevron Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Chevron Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Chevron Corp is generally in the same direction as the market. If Beta > 1 Chevron Corp moves generally in the same direction as, but more than the movement of the benchmark.
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About Chevron Corp Financials

What exactly are Chevron Corp Financials? Typically, a company's financial statements are the reports that show the financial position of the company. Three primary documents fall into the category of financial statements. These documents include Chevron Corp's income statement, its balance sheet, and the statement of cash flows. Potential Chevron Corp investors and stakeholders use financial statements to determine how well the company is positioned to perform in the future. Although Chevron Corp investors may use each financial statement separately, they are all related. The changes in Chevron Corp's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Chevron Corp's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. Please read more on our technical analysis and fundamental analysis pages.

Steps to analyze Chevron Corp Financials for Investing

There are several different ways that investors can use financial statements to try and predict whether a stock price will go up or down. Unfortunately, there is no surefire formula, but there are some general guidelines you should consider when looking at the numbers. First, realize what kind of company it is so you know if its revenues are more likely to grow or shrink over time. For example, a software company's revenue is expected to increase yearly due to new products and services that its customers will want to buy. At the same time, a car manufacturer might not be able to sell as many cars when the economy slows down, so it would have less net income during those times. Second, pay attention to its debt-to-equity ratio because this number will tell you how much risk it has. If a company such as Chevron Corp is not taking on any additional risks, its debt-to-equity should be less than one. As a general rule of thumb, if the market value or book value (which can be found in the footnotes) of assets exceeds the company's liabilities, then it is probably in good shape. Finally, use other financial statements to determine if a stock price will go up or down because investors are always looking for growth opportunities when they buy new stocks. For example, if you see that the net revenue of Chevron has grown by more than 25% over the last five years, then there is a good chance that it will continue growing by at least 20% or more each year. On the other hand, if you see that net revenue has only increased by about 15%, which is barely above inflation levels, then chances are it will not grow much faster than this over time, and investors may shy away from buying it.
In summary, you can determine if Chevron Corp's financials are consistent with your investment objective using the following steps:
  • Review Chevron Corp's balance sheet accounts, such as liabilities and equity, to understand its overall financial position.
  • Analyze the income statement and examine the company's revenue, expenses, and profits over time to determine its financial performance.
  • Study the cash flow inflows and outflows to understand Chevron Corp's liquidity and solvency.
  • Look at the growth rates in revenue, earnings, and cash flow over time to determine its potential for future growth.
  • Compare Chevron Corp's financials to those of its peers to see how it stacks up and identify any potential red flags.
  • Use valuation ratios to evaluate the company's financials using commonly used ratios such as the price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and enterprise value-to-earnings before interest, taxes, depreciation, and amortization (EV/EBITDA) ratio to determine if Chevron Corp's stock is overvalued or undervalued.
Remember, these are just guidelines and should not be the only basis for investment decisions. It is always important to analyze the leading stock market indicators., conduct additional research and seek professional advice if needed.

Chevron Corp Thematic Clasifications

Chevron Corp is part of several thematic ideas from Warren Buffett Holdings to Baby Boomer Prospects. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Get More Thematic Ideas

Chevron Corp March 2, 2024 Opportunity Range

Along with financial statement analysis, the daily predictive indicators of Chevron Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Chevron Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Chevron Corp based on widely used predictive technical indicators. In general, we focus on analyzing Chevron Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Chevron Corp's daily price indicators and compare them against related drivers.
When determining whether Chevron Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Chevron Corp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Chevron Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Chevron Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Chevron Corp. Also, note that the market value of any Company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Chevron Stock please use our How to Invest in Chevron Corp guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.

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When running Chevron Corp's price analysis, check to measure Chevron Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Chevron Corp is operating at the current time. Most of Chevron Corp's value examination focuses on studying past and present price action to predict the probability of Chevron Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Chevron Corp's price. Additionally, you may evaluate how the addition of Chevron Corp to your portfolios can decrease your overall portfolio volatility.
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Is Chevron Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Chevron Corp. If investors know Chevron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Chevron Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.64)
Dividend Share
6.04
Earnings Share
11.36
Revenue Per Share
104.004
Quarterly Revenue Growth
(0.15)
The market value of Chevron Corp is measured differently than its book value, which is the value of Chevron that is recorded on the company's balance sheet. Investors also form their own opinion of Chevron Corp's value that differs from its market value or its book value, called intrinsic value, which is Chevron Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Chevron Corp's market value can be influenced by many factors that don't directly affect Chevron Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Chevron Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chevron Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chevron Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.