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Chevron Calculated Tax Rate Trend from 2010 to 2020

<div class='circular--portrait' style='background:#754DEB;color: white;font-size:3em;padding-top: 40px;;'>CVX</div>
CVX -- USA Stock  

Fiscal Quarter End: March 31, 2020  

Chevron Calculated Tax Rate yearly trend continues to be fairly stable with very little volatility. Calculated Tax Rate is likely outpace its year average in 2020. During the period from 2010 to 2020, Chevron Calculated Tax Rate regression line of anual values had r-squared of 0.17 and arithmetic mean of  27.27. Chevron Selling General and Administrative Expense is fairly stable at the moment as compared to the last year. Chevron reported Selling General and Administrative Expense of 3.45 Billion in 2019. Weighted Average Shares is likely to grow to about 1.9 B in 2020, whereas Consolidated Income is likely to drop slightly above 13.3 B in 2020. Check Chevron fundamental indicators over time to gain insight into the future company performance. Apply historical fundamental analysis to find patterns among financial statement drivers such as Direct Expenses of 119.1 B, Consolidated Income of 13.3 B or Cost of Revenue of 115.4 B, as well as many exotic indicators such as Interest Coverage of 33.64, Long Term Debt to Equity of 0.1555 or Calculated Tax Rate of 33.79. This can be a perfect complement to check Chevron Valuation or Volatility. It can also complement various Chevron Technical models. Continue to the analysis of Chevron Correlation with competitors.

Chevron Calculated Tax Rate Marginal Breakdown

Showing smoothed Calculated Tax Rate of Chevron Corporation with missing and latest data points interpolated.
Calculated Tax Rate10 Years Trend
Decreasing
Slightly volatile
 Calculated Tax Rate 
    
  Timeline 

Chevron Regression Statistics

Arithmetic Mean 27.27
Geometric Mean 13.42
Coefficient Of Variation 65.27
Mean Deviation 14.57
Median 33.79
Standard Deviation 17.80
Sample Variance 316.68
Range 43.82
R-Value(0.41)
Mean Square Error 291.97
R-Squared 0.17
Significance 0.21
Slope(2.21)
Total Sum of Squares 3,167

Chevron Calculated Tax Rate Over Time

2018  27.78 
2019  31.94 
2020  33.79