Analysis of Geographic Areas
Chevron Corp. operates in 2 regions: United States and International.
Area Profit Margin
Chevron Corp., profit margin by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 6.52% | 6.51% | 12.63% | 11.17% | -4.55% |
| International | 10.09% | 12.74% | 14.19% | 9.11% | -0.31% |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States | United States area profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| International | International area profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Profit Margin: United States
Chevron Corp.; United States; area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment earnings | 8,133) | 8,052) | 18,015) | 9,708) | (2,179) |
| Segment sales and other operating revenues | 124,719) | 123,682) | 142,646) | 86,934) | 47,910) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 6.52% | 6.51% | 12.63% | 11.17% | -4.55% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area profit margin = 100 × Segment earnings ÷ Segment sales and other operating revenues
= 100 × 8,133 ÷ 124,719 = 6.52%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States | United States area profit margin ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Profit Margin: International
Chevron Corp.; International; area profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment earnings | 12,196) | 15,523) | 20,424) | 9,024) | (207) |
| Segment sales and other operating revenues | 120,896) | 121,863) | 143,897) | 99,021) | 65,755) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 10.09% | 12.74% | 14.19% | 9.11% | -0.31% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area profit margin = 100 × Segment earnings ÷ Segment sales and other operating revenues
= 100 × 12,196 ÷ 120,896 = 10.09%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | International | International area profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Return on Assets (Area ROA)
Chevron Corp., ROA by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 8.55% | 8.77% | 19.21% | 13.12% | -3.12% |
| International | 8.38% | 10.16% | 12.83% | 5.60% | -0.13% |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States | United States area ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
| International | International area ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area ROA: United States
Chevron Corp.; United States; area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment earnings | 8,133) | 8,052) | 18,015) | 9,708) | (2,179) |
| Assets | 95,167) | 91,816) | 93,783) | 73,992) | 69,938) |
| Area Profitability Ratio | |||||
| Area ROA1 | 8.55% | 8.77% | 19.21% | 13.12% | -3.12% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area ROA = 100 × Segment earnings ÷ Assets
= 100 × 8,133 ÷ 95,167 = 8.55%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States | United States area ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area ROA: International
Chevron Corp.; International; area ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment earnings | 12,196) | 15,523) | 20,424) | 9,024) | (207) |
| Assets | 145,508) | 152,755) | 159,204) | 161,158) | 165,450) |
| Area Profitability Ratio | |||||
| Area ROA1 | 8.38% | 10.16% | 12.83% | 5.60% | -0.13% |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area ROA = 100 × Segment earnings ÷ Assets
= 100 × 12,196 ÷ 145,508 = 8.38%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | International | International area ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover
Chevron Corp., asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 1.31 | 1.35 | 1.52 | 1.17 | 0.69 |
| International | 0.83 | 0.80 | 0.90 | 0.61 | 0.40 |
Based on: 10-K (reporting date: 2024-12-31), 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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| International | International area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Area Asset Turnover: United States
Chevron Corp.; United States; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment sales and other operating revenues | 124,719) | 123,682) | 142,646) | 86,934) | 47,910) |
| Assets | 95,167) | 91,816) | 93,783) | 73,992) | 69,938) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.31 | 1.35 | 1.52 | 1.17 | 0.69 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Segment sales and other operating revenues ÷ Assets
= 124,719 ÷ 95,167 = 1.31
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: International
Chevron Corp.; International; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment sales and other operating revenues | 120,896) | 121,863) | 143,897) | 99,021) | 65,755) |
| Assets | 145,508) | 152,755) | 159,204) | 161,158) | 165,450) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.83 | 0.80 | 0.90 | 0.61 | 0.40 |
Based on: 10-K (reporting date: 2024-12-31), 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).
1 2024 Calculation
Area asset turnover = Segment sales and other operating revenues ÷ Assets
= 120,896 ÷ 145,508 = 0.83
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | International | International area asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment sales and other operating revenues
Chevron Corp., segment sales and other operating revenues by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 124,719) | 123,682) | 142,646) | 86,934) | 47,910) |
| International | 120,896) | 121,863) | 143,897) | 99,021) | 65,755) |
| Total | 245,615) | 245,545) | 286,543) | 185,955) | 113,665) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Segment earnings
Chevron Corp., segment earnings by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 8,133) | 8,052) | 18,015) | 9,708) | (2,179) |
| International | 12,196) | 15,523) | 20,424) | 9,024) | (207) |
| Total | 20,329) | 23,575) | 38,439) | 18,732) | (2,386) |
Based on: 10-K (reporting date: 2024-12-31), 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).
Assets
Chevron Corp., assets by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| United States | 95,167) | 91,816) | 93,783) | 73,992) | 69,938) |
| International | 145,508) | 152,755) | 159,204) | 161,158) | 165,450) |
| Goodwill | 4,578) | 4,722) | 4,722) | 4,385) | 4,402) |
| Total | 245,253) | 249,293) | 257,709) | 239,535) | 239,790) |
Based on: 10-K (reporting date: 2024-12-31), 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).