Chevron Corporation's Income Statement Analysis: Revenue to Profit Breakdown
Chevron Corporation's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$155.61 B | $235.72 B | $196.91 B | $193.41 B | $187.03 B | $185.89 B |
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Cost of Revenue Direct cost of goods/services. |
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$110.17 B | $170.13 B | $136.52 B | $136.49 B | $152.65 B | $138.62 B |
Gross Profit Revenue minus cost of revenue. |
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$45.43 B | $65.59 B | $60.39 B | $56.93 B | $34.38 B | $47.27 B |
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Operating Expense
Costs to run business. |
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$29.33 B | $25.64 B | $26.60 B | $27.83 B | $23.43 B | $31.66 B |
Research and Development Investment in innovation. |
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$268.00 M | $268.00 M | $320.00 M | $353.00 M | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$4.01 B | $4.31 B | $4.14 B | $4.83 B | $504.00 M | $4.11 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | - |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | - |
Other Expenses Other operating costs. |
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$25.05 B | $21.06 B | $22.14 B | $22.64 B | $22.92 B | $27.55 B |
Operating Income Profit from operations. |
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$16.10 B | $39.95 B | $33.79 B | $29.10 B | $10.96 B | $15.62 B |
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Net Interest Income
Interest income minus expense. |
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-$712.00 M | -$516.00 M | -$469.00 M | -$594.00 M | -$1.22 B | -$1.35 B |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$712.00 M | $516.00 M | $469.00 M | $594.00 M | $1.22 B | $1.35 B |
Non-Operating Income (ex-Int) Income outside core operations. |
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-$6.25 B | -$10.24 B | $3.74 B | $999.00 M | -$10.01 B | -$2.79 B |
Total Other Income (Net) Net non-operating items. |
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$5.54 B | $9.72 B | -$4.21 B | -$1.59 B | $8.79 B | $2.49 B |
Income Before Tax Profit before taxes. |
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$21.64 B | $49.67 B | $29.58 B | $27.51 B | $19.74 B | $18.11 B |
Income Tax Expense Taxes on income. |
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$5.95 B | $14.07 B | $8.17 B | $9.76 B | $7.26 B | $6.84 B |
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Net Income
Final profit. |
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$15.63 B | $35.47 B | $21.37 B | $17.66 B | $12.39 B | $11.01 B |
Net Income From Continuing Operations Profit from core business. |
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$15.69 B | $35.61 B | $21.41 B | $17.75 B | $12.49 B | $11.27 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | - | - |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$8.15 | $18.36 | $11.41 | $9.76 | $6.65 | $5.79 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$8.14 | $18.28 | $11.36 | $9.72 | $6.63 | $5.77 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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1.92 B | 1.93 B | 1.87 B | 1.81 B | 1.99 B | 1.98 B |
Diluted Average Shares Outst. Shares including dilution. |
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1.92 B | 1.94 B | 1.88 B | 1.82 B | 2.00 B | 1.99 B |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$22.35 B | $50.19 B | $30.05 B | $28.10 B | $20.96 B | $18.41 B |
EBITDA Earnings before interest, tax, D&A. |
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$39.36 B | $67.00 B | $47.82 B | $45.81 B | $41.09 B | $40.44 B |
Depreciation and Amortization Non-cash expense for assets. |
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$17.01 B | $16.81 B | $17.76 B | $17.71 B | $20.13 B | $22.03 B |
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Chevron Corporation's Assets vs Liabilities & Equity
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