Stock Analysis on Net

Chevron Corp. (NYSE:CVX)

Income Statement 
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Chevron Corp., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Sales and other operating revenues 48,926 49,574 46,580 48,933 51,922 47,216 48,842 54,523 63,508 65,372 52,314 45,861 42,552 36,117 31,076 24,843 23,997 15,926 29,705 34,574 34,779 36,323 34,189
Income (loss) from equity affiliates 1,261 1,206 1,441 990 1,313 1,240 1,588 1,623 2,410 2,467 2,085 1,657 1,647 1,442 911 568 510 (2,515) 965 538 1,172 1,196 1,062
Other income (loss) 482 401 695 (2,743) 845 440 363 327 726 923 (26) 611 511 38 42 (165) (56) 83 831 1,238 165 1,331 (51)
Revenues and other income 50,669 51,181 48,716 47,180 54,080 48,896 50,793 56,473 66,644 68,762 54,373 48,129 44,710 37,597 32,029 25,246 24,451 13,494 31,501 36,350 36,116 38,850 35,200
Purchased crude oil and products (30,450) (30,867) (27,741) (28,477) (32,328) (28,984) (29,407) (34,674) (38,090) (40,003) (32,649) (27,341) (23,834) (20,629) (17,568) (13,387) (13,448) (8,144) (15,509) (19,693) (19,882) (20,835) (19,703)
Operating expenses (6,695) (6,614) (6,533) (6,510) (6,299) (6,057) (6,021) (6,401) (6,357) (6,318) (5,638) (5,507) (5,353) (4,899) (4,967) (4,898) (4,604) (5,530) (5,291) (5,987) (5,325) (5,187) (4,886)
Selling, general and administrative expenses (1,191) (1,048) (1,010) (969) (1,163) (1,128) (881) (1,454) (1,028) (863) (967) (1,271) (657) (1,096) (990) (1,129) (832) (1,569) (683) (1,129) (954) (1,076) (984)
Exploration expenses (154) (263) (129) (254) (301) (169) (190) (453) (116) (196) (209) (192) (158) (113) (86) (367) (117) (895) (158) (272) (168) (141) (189)
Depreciation, depletion and amortization (4,214) (4,004) (4,091) (6,254) (4,025) (3,521) (3,526) (4,764) (4,201) (3,700) (3,654) (4,813) (4,304) (4,522) (4,286) (4,486) (4,017) (6,717) (4,288) (16,429) (4,361) (4,334) (4,094)
Taxes other than on income (1,263) (1,188) (1,124) (1,062) (1,021) (1,041) (1,096) 1,240 (1,707) (1,563) (2,002) (1,779) (2,075) (1,566) (1,420) (1,276) (1,091) (965) (1,167) (969) (1,059) (1,047) (1,061)
Operating income (loss) 6,702 7,197 8,088 3,654 8,943 7,996 9,672 9,967 15,145 16,119 9,254 7,226 8,329 4,772 2,712 (297) 342 (10,326) 4,405 (8,129) 4,367 6,230 4,283
Interest and debt expense (164) (113) (118) (120) (114) (120) (115) (123) (128) (129) (136) (155) (174) (185) (198) (199) (164) (172) (162) (178) (197) (198) (225)
Other components of net periodic benefit costs (49) (48) (48) (44) (91) (39) (38) (36) (208) 13 (64) (86) (100) (165) (337) (461) (222) (99) (98) (98) (121) (97) (101)
Income (loss) before income tax (expense) benefit 6,489 7,036 7,922 3,490 8,738 7,837 9,519 9,808 14,809 16,003 9,054 6,985 8,055 4,422 2,177 (957) (44) (10,597) 4,145 (8,405) 4,049 5,935 3,957
Income tax (expense) benefit (1,993) (2,593) (2,371) (1,247) (2,183) (1,829) (2,914) (3,430) (3,571) (4,288) (2,777) (1,903) (1,940) (1,328) (779) 301 (165) 2,320 (564) 1,738 (1,469) (1,645) (1,315)
Net income (loss) 4,496 4,443 5,551 2,243 6,555 6,008 6,605 6,378 11,238 11,715 6,277 5,082 6,115 3,094 1,398 (656) (209) (8,277) 3,581 (6,667) 2,580 4,290 2,642
Net (income) loss attributable to noncontrolling interests (9) (9) (50) 16 (29) 2 (31) (25) (7) (93) (18) (27) (4) (12) (21) (9) 2 7 18 57 15 7
Net income (loss) attributable to Chevron Corporation 4,487 4,434 5,501 2,259 6,526 6,010 6,574 6,353 11,231 11,622 6,259 5,055 6,111 3,082 1,377 (665) (207) (8,270) 3,599 (6,610) 2,580 4,305 2,649

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Sales and other operating revenues Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Chevron Corp. sales and other operating revenues increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Chevron Corp. operating income (loss) decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income (loss) before income tax (expense) benefit Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Chevron Corp. income (loss) before income tax (expense) benefit decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income (loss) attributable to Chevron Corporation The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Chevron Corp. net income (loss) attributable to Chevron Corporation decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.