Net Profit Margin
since 2005
Calculation
Chevron Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss) attributable to Chevron Corporation1 | ÷ | Sales and other operating revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 10.85% | = | 100 | × | 21,369) | ÷ | 196,913) |
| Dec 31, 2022 | 15.05% | = | 100 | × | 35,465) | ÷ | 235,717) |
| Dec 31, 2021 | 10.04% | = | 100 | × | 15,625) | ÷ | 155,606) |
| Dec 31, 2020 | -5.87% | = | 100 | × | (5,543) | ÷ | 94,471) |
| Dec 31, 2019 | 2.09% | = | 100 | × | 2,924) | ÷ | 139,865) |
| Dec 31, 2018 | 9.33% | = | 100 | × | 14,824) | ÷ | 158,902) |
| Dec 31, 2017 | 6.83% | = | 100 | × | 9,195) | ÷ | 134,674) |
| Dec 31, 2016 | -0.45% | = | 100 | × | (497) | ÷ | 110,215) |
| Dec 31, 2015 | 3.53% | = | 100 | × | 4,587) | ÷ | 129,925) |
| Dec 31, 2014 | 9.60% | = | 100 | × | 19,241) | ÷ | 200,494) |
| Dec 31, 2013 | 9.73% | = | 100 | × | 21,423) | ÷ | 220,156) |
| Dec 31, 2012 | 11.35% | = | 100 | × | 26,179) | ÷ | 230,590) |
| Dec 31, 2011 | 11.01% | = | 100 | × | 26,895) | ÷ | 244,371) |
| Dec 31, 2010 | 9.60% | = | 100 | × | 19,024) | ÷ | 198,198) |
| Dec 31, 2009 | 6.26% | = | 100 | × | 10,483) | ÷ | 167,402) |
| Dec 31, 2008 | 9.03% | = | 100 | × | 23,931) | ÷ | 264,958) |
| Dec 31, 2007 | 8.73% | = | 100 | × | 18,688) | ÷ | 214,091) |
| Dec 31, 2006 | 8.36% | = | 100 | × | 17,138) | ÷ | 204,892) |
| Dec 31, 2005 | 7.28% | = | 100 | × | 14,099) | ÷ | 193,641) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
Comparison to Competitors
Chevron Corp., net profit margin, long-term trends, comparison to competitors
| Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|
| Dec 31, 2023 | 10.85% | 19.52% | 10.76% | 16.62% |
| Dec 31, 2022 | 15.05% | 23.80% | 13.98% | 36.32% |
| Dec 31, 2021 | 10.04% | 17.63% | 8.33% | 8.95% |
| Dec 31, 2020 | -5.87% | -14.38% | -12.57% | -83.28% |
| Dec 31, 2019 | 2.09% | 22.07% | 5.61% | -3.27% |
| Dec 31, 2018 | 9.33% | 17.18% | 7.46% | 23.18% |
| Dec 31, 2017 | 6.83% | -2.94% | 8.31% | 10.48% |
| Dec 31, 2016 | -0.45% | -15.26% | 3.59% | -5.69% |
| Dec 31, 2015 | 3.53% | -14.98% | 6.22% | -62.73% |
| Dec 31, 2014 | 9.60% | 13.08% | 8.25% | 3.19% |
| Dec 31, 2013 | 9.73% | 16.83% | 7.74% | 24.14% |
| Dec 31, 2012 | 11.35% | 14.54% | 9.90% | 19.02% |
| Dec 31, 2011 | 11.01% | 5.08% | 8.79% | 28.28% |
| Dec 31, 2010 | 9.60% | 6.00% | 8.23% | 23.79% |
| Dec 31, 2009 | 6.26% | 3.25% | 6.39% | 18.92% |
| Dec 31, 2008 | 9.03% | -7.06% | 9.84% | 28.31% |
| Dec 31, 2007 | 8.73% | 6.34% | 10.40% | 28.75% |
| Dec 31, 2006 | 8.36% | 8.47% | 10.81% | 23.68% |
| Dec 31, 2005 | 7.28% | 7.54% | 10.07% | 34.73% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Chevron Corp., net profit margin, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Chevron Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2023 | 10.85% | 11.86% |
| Dec 31, 2022 | 15.05% | 16.44% |
| Dec 31, 2021 | 10.04% | 9.73% |
| Dec 31, 2020 | -5.87% | -14.70% |
| Dec 31, 2019 | 2.09% | 5.30% |
| Dec 31, 2018 | 9.33% | 9.35% |
| Dec 31, 2017 | 6.83% | 7.10% |
| Dec 31, 2016 | -0.45% | 0.87% |
| Dec 31, 2015 | 3.53% | 1.97% |
| Dec 31, 2014 | 9.60% | 8.89% |
| Dec 31, 2013 | 9.73% | 9.59% |
| Dec 31, 2012 | 11.35% | 10.98% |
| Dec 31, 2011 | 11.01% | 8.89% |
| Dec 31, 2010 | 9.60% | 8.42% |
| Dec 31, 2009 | 6.26% | 5.92% |
| Dec 31, 2008 | 9.03% | 5.96% |
| Dec 31, 2007 | 8.73% | 9.45% |
| Dec 31, 2006 | 8.36% | 9.90% |
| Dec 31, 2005 | 7.28% | 9.24% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Chevron Corp., net profit margin, long-term trends, comparison to industry (energy)
| Chevron Corp. | Energy | |
|---|---|---|
| Dec 31, 2023 | 10.85% | 11.90% |
| Dec 31, 2022 | 15.05% | 16.28% |
| Dec 31, 2021 | 10.04% | 9.67% |
| Dec 31, 2020 | -5.87% | -16.81% |
| Dec 31, 2019 | 2.09% | 2.84% |
| Dec 31, 2018 | 9.33% | 9.17% |
| Dec 31, 2017 | 6.83% | 6.28% |
| Dec 31, 2016 | -0.45% | 0.38% |
| Dec 31, 2015 | 3.53% | 2.26% |
| Dec 31, 2014 | 9.60% | 9.05% |
| Dec 31, 2013 | 9.73% | 9.91% |
| Dec 31, 2012 | 11.35% | 11.09% |
| Dec 31, 2011 | 11.01% | 9.04% |
| Dec 31, 2010 | 9.60% | 8.66% |
| Dec 31, 2009 | 6.26% | 6.20% |
| Dec 31, 2008 | 9.03% | 6.34% |
| Dec 31, 2007 | 8.73% | 9.80% |
| Dec 31, 2006 | 8.36% | 10.13% |
| Dec 31, 2005 | 7.28% | 9.36% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).