Chevron (MEX:CVX) COGS-to-Revenue : 0.71 (As of Sep. 2024)

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What is Chevron COGS-to-Revenue?

Chevron's Cost of Goods Sold for the three months ended in Sep. 2024 was MXN682,545 Mil. Its Revenue for the three months ended in Sep. 2024 was MXN963,368 Mil.

Chevron's COGS to Revenue for the three months ended in Sep. 2024 was 0.71.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Chevron's Gross Margin % for the three months ended in Sep. 2024 was 29.15%.

Chevron COGS-to-Revenue Historical Data

The historical data trend for Chevron's COGS-to-Revenue 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.

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Chevron COGS-to-Revenue Chart

Chevron Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.76

0.71

0.69

Chevron Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
COGS-to-Revenue	Get a 7-Day Free Trial															0.70	0.71	0.68	0.70	0.71

Chevron COGS-to-Revenue Calculation

Chevron's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	2317358.284	/	3342450.094
	=	0.69

Chevron's COGS to Revenue for the quarter that ended in Sep. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	682544.559	/	963367.618
	=	0.71

Chevron (MEX:CVX) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Chevron's Gross Margin % for the three months ended in Sep. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	682544.559 / 963367.618
	=	29.15 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Chevron COGS-to-Revenue Related Terms

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Chevron Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (MEX:CVX) » Definitions » COGS-to-Revenue

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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 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 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 US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.