Chevron (Chevron) Interest Expense

: $-469 Mil (TTM As of Dec. 2023)

View and export this data going back to 1983. Start your Free Trial

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Chevron's interest expense for the three months ended in Dec. 2023 was $ -120 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-469 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Chevron's Operating Income for the three months ended in Dec. 2023 was $ 5,407 Mil. Chevron's Interest Expense for the three months ended in Dec. 2023 was $ -120 Mil. Chevron's Interest Coverage for the quarter that ended in Dec. 2023 was 45.06. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Chevron Interest Expense Historical Data

The historical data trend for Chevron's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chevron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

-798.00

-697.00

-712.00

-516.00

-469.00

Chevron Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense																-123.00	-115.00	-120.00	-114.00	-120.00

Chevron Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-469 Mil.

Chevron (NYSE:CVX) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Chevron's Interest Expense for the three months ended in Dec. 2023 was $-120 Mil. Its Operating Income for the three months ended in Dec. 2023 was $5,407 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $20,307 Mil.

Chevron's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	5407	/	-120
	=	45.06

The higher the ratio, the stronger the company's financial strength is.

Chevron (Chevron) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (NYSE:CVX) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

CVX:Mexico 1CVX:Italy CHVd:UK 0R2Q:UK CHV:Germany CHV:Germany CHV:Germany CHV:Germany CHEV:Canada CHVX34:Brazil CVX:Austria CVX:Argentina

Address

6001 Bollinger Canyon Road, San Ramon, CA, USA, 94583-2324

Website

https://www.chevron.com

Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.0 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.7 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the U.S. and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2022 stood at 11.2 billion barrels of oil equivalent, including 6.1 billion barrels of liquids and 30.9 trillion cubic feet of natural gas.

Executives

Pierre R Breber	officer: Vice President and President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Jeff B Gustavson	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Alana K Knowles	officer: VP and Controller	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Rhonda J Morris	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
James William Johnson	officer: Senior Vice President	5125 DOLIVER DRIVE, HOUSTON TX 77056
Alice P Gast	director	LEHIGH UNIVERSITY, 27 MEMORIAL DRIVE WEST, BETHLEHEM PA 18015
Michael K Wirth	officer: Executive Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
R. Hewitt Pate	officer: VP and General Counsel	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Andrew Nigel Hearne	officer: Executive Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Wanda M Austin	director	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Cynthia J Warner	director	1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045
Joseph C Geagea	officer: Senior Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Enrique Jr Hernandez	director	INTER-CON SECURITY SYSTEMS, INC., 210 SOUTH DELACEY AVENUE, PASADENA CA 91105
David A Inchausti	officer: Vice Pres. and Comptroller	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583
Mark A Nelson	officer: Vice President	6001 BOLLINGER CANYON ROAD, SAN RAMON CA 94583