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Chevron (MEX:CVX) Tax Rate % : 30.71% (As of Sep. 2024)


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What is Chevron Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Chevron's Tax Expense for the three months ended in Sep. 2024 was MXN39,243 Mil. Chevron's Pre-Tax Income for the three months ended in Sep. 2024 was MXN127,770 Mil. Therefore, Chevron's Tax Rate % for the quarter that ended in Sep. 2024 was 30.71%.

Chevron Tax Rate % Historical Data

The historical data trend for Chevron's Tax Rate % 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 Tax Rate % Chart

Chevron Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 48.61 25.39 27.50 28.32 27.63

Chevron Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Tax Rate % Get a 7-Day Free Trial 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 24.98 35.73 29.93 36.85 30.71

Chevron Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Chevron's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=138730.529/502166.153
=27.63 %

Chevron's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=39242.768/127770.357
=30.71 %

* 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 Tax Rate % Related Terms

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Chevron Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Chevron Corp (MEX:CVX) » Definitions » Tax Rate %
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Traded in Other Exchanges
CVX:USA CVX:Peru 1CVX:Italy CHVd:UK CHV:Germany CHV:Germany CHV:Germany CHV:Germany CHEV:Canada CHVX34:Brazil CHV:Bulgaria 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 3.1 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.