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Chevron (NYSE:CVX) Net Margin %

: 4.62% (As of Dec. 2023)
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Net margin is calculated as Net Income divided by its Revenue. Chevron's Net Income for the three months ended in Dec. 2023 was $2,259 Mil. Chevron's Revenue for the three months ended in Dec. 2023 was $48,933 Mil. Therefore, Chevron's net margin for the quarter that ended in Dec. 2023 was 4.62%.

The historical rank and industry rank for Chevron's Net Margin % or its related term are showing as below:

CVX' s Net Margin % Range Over the Past 10 Years
Min: -5.87   Med: 8.08   Max: 15.05
Current: 10.85


CVX's Net Margin % is ranked better than
65.61% of 977 companies
in the Oil & Gas industry
Industry Median: 4.58 vs CVX: 10.85

Chevron Net Margin % Historical Data

The historical data trend for Chevron's Net Margin % 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
Net Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.09 -5.87 10.04 15.05 10.85

Chevron Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.65 13.46 12.73 12.57 4.62

Competitive Comparison

For the Oil & Gas Integrated subindustry, Chevron's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chevron Net Margin % Distribution

For the Oil & Gas industry and Energy sector, Chevron's Net Margin % distribution charts can be found below:

* The bar in red indicates where Chevron's Net Margin % falls into.



Chevron Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

Chevron's Net Margin for the fiscal year that ended in Dec. 2023 is calculated as

Net Margin=Net Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=21369/196913
=10.85 %

Chevron's Net Margin for the quarter that ended in Dec. 2023 is calculated as

Net Margin=Net Income (Q: Dec. 2023 )/Revenue (Q: Dec. 2023 )
=2259/48933
=4.62 %

* 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.


Chevron  (NYSE:CVX) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


Chevron Net Margin % Related Terms

Thank you for viewing the detailed overview of Chevron's Net Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Chevron (NYSE:CVX) Business Description

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