Cash flow Chevron Corporation

Equities

CVX

US1667641005

Oil & Gas Exploration and Production

Real-time Estimate Cboe BZX Other stock markets 11:33:57 2024-09-09 am EDT			5-day change	1st Jan Change
141.46 ^USD	+2.10%		-2.56%	-5.50%

12:45pm	HSBC Trims Price Target on Chevron to $165 From $169	MT
Sep. 05	Chevron Says Venezuela Operations Should Continue Amid Post-Election Chaos	MT

657caf6ba0ea8637294ec.lGqOTJS-9wUY1xIW9jOHdSQ0ETu5j2AvyVNiTKmwnC8.4VjHKsLWlXVdk0VMxAbFKhB1dUHf5BZmmRkrLt7hq1zfEtYi7c-ddnGfWw

Published financial data: CHEVRON CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	132B	87.54B	155B	235B	196B
Other Revenues, Total	-	-	-	1.39B	-1.19B
Total Revenues	132B	87.54B	155B	236B	195B
Cost of Goods Sold, Total	72.32B	43.56B	88.61B	144B	118B
Gross Profit	59.75B	43.98B	66.23B	91.69B	76.53B
Selling General & Admin Expenses, Total	25.94B	24.56B	25.43B	29.32B	29.24B
Exploration / Drilling Costs, Total	645M	870M	515M	901M	847M
Depreciation & Amortization - (IS)	18.42B	16.72B	17.51B	15.37B	15.15B
Impairment of Oil, Gas & Mineral Properties - (IS)	125M	667M	34M	73M	67M
Other Operating Expenses	4.14B	4.49B	6.89B	4.02B	4.27B
Other Operating Expenses, Total	49.27B	47.3B	50.37B	49.69B	49.57B
Operating Income	10.48B	-3.32B	15.86B	42B	26.96B
Interest Expense, Total	-798M	-697M	-712M	-516M	-469M
Interest And Investment Income	-	-	-	-	-
Net Interest Expenses	-798M	-697M	-712M	-516M	-469M
Income (Loss) On Equity Invest.	3.97B	-472M	5.66B	8.58B	5.13B
Currency Exchange Gains (Loss)	-	-	-	-	-
Other Non Operating Income (Expenses)	1.32B	-74M	227M	-	-
EBT, Excl. Unusual Items	14.97B	-4.56B	21.03B	50.07B	31.63B
Restructuring Charges	-	-859M	-	-	-
Gain (Loss) On Sale Of Assets	1.37B	760M	1.02B	550M	138M
Asset Writedown	-10.8B	-2.79B	-414M	-950M	-2.18B
EBT, Incl. Unusual Items	5.54B	-7.45B	21.64B	49.67B	29.58B
Income Tax Expense	2.69B	-1.89B	5.95B	14.07B	8.17B
Earnings From Continuing Operations	2.84B	-5.56B	15.69B	35.61B	21.41B
Net Income to Company	2.84B	-5.56B	15.69B	35.61B	21.41B
Minority Interest	79M	18M	-64M	-143M	-42M
Net Income - (IS)	2.92B	-5.54B	15.62B	35.46B	21.37B
Net Income to Common Incl Extra Items	2.92B	-5.54B	15.62B	35.46B	21.37B
Net Income to Common Excl. Extra Items	2.92B	-5.54B	15.62B	35.46B	21.37B
Per Share Items
Net EPS - Basic	1.55	-2.96	8.16	18.37	11.41
Basic EPS - Continuing Operations	1.55	-2.96	8.16	18.37	11.41
Basic Weighted Average Shares Outstanding	1.88B	1.87B	1.92B	1.93B	1.87B
Net EPS - Diluted	1.54	-2.96	8.14	18.28	11.36
Diluted EPS - Continuing Operations	1.54	-2.96	8.14	18.28	11.36
Diluted Weighted Average Shares Outstanding	1.9B	1.87B	1.92B	1.94B	1.88B
Normalized Basic EPS	5.01	-1.52	6.83	16.13	10.53
Normalized Diluted EPS	4.98	-1.52	6.81	16.06	10.49
Dividend Per Share	4.76	5.16	5.31	5.68	6.04
Payout Ratio	306.4	-174.11	65.15	30.93	53.05
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	29.02B	14.06B	33.4B	57.45B	42.18B
EBITA	11.11B	-2.76B	16.48B	42.56B	27.56B
EBIT	10.48B	-3.32B	15.86B	42B	26.96B
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	147B	94.69B	162B	246B	201B
Effective Tax Rate - (Ratio)	48.61	25.39	27.5	28.32	27.63
Current Domestic Taxes	80M	-117M	396M	2.2B	1.11B
Current Foreign Taxes	4.58B	1.83B	4.85B	9.74B	6.74B
Total Current Taxes	4.66B	1.72B	5.25B	11.94B	7.85B
Deferred Domestic Taxes	-1.25B	-1.47B	1.21B	2.28B	667M
Deferred Foreign Taxes	-720M	-2.14B	-506M	-156M	-345M
Total Deferred Taxes	-1.97B	-3.61B	700M	2.12B	322M
Normalized Net Income	9.43B	-2.83B	13.08B	31.15B	19.72B
Interest Capitalized	19M	38M	63M	114M	148M
Non-Cash Pension Expense	351M	862M	648M	248M	157M
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	500M	435M	268M	268M	320M
Exploration/Drilling Costs	645M	870M	515M	901M	847M
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	394M	190M	761M	1.07B	85M
Total Stock-Based Compensation	394M	190M	761M	1.07B	85M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.69B	5.6B	5.64B	17.68B	8.18B
Short Term Investments	63M	31M	35M	223M	45M
Total Cash And Short Term Investments	5.75B	5.63B	5.68B	17.9B	8.22B
Accounts Receivable, Total	13.31B	11.4B	18.17B	20.28B	19.77B
Total Receivables	13.31B	11.4B	18.17B	20.28B	19.77B
Inventory	5.85B	5.68B	6.3B	8.25B	8.61B
Prepaid Expenses	2.96B	2.94B	3.01B	3.11B	4.1B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	452M	365M	333M	630M	275M
Other Current Assets, Total	11M	73M	251M	175M	151M
Total Current Assets	28.33B	26.08B	33.74B	50.34B	41.13B
Gross Property Plant And Equipment	331B	349B	340B	332B	352B
Accumulated Depreciation	-176B	-189B	-189B	-184B	-192B
Net Property Plant And Equipment	155B	161B	151B	148B	159B
Long-term Investments	38.69B	39.05B	40.7B	45.24B	46.81B
Goodwill	4.46B	4.4B	4.38B	4.72B	4.72B
Deferred Tax Assets Long-Term	4.18B	5.29B	5.66B	4.5B	4.17B
Deferred Charges Long-Term	1.51B	1.94B	2.24B	-	-
Other Long-Term Assets, Total	5.7B	2.47B	2.19B	5.05B	5.76B
Total Assets	237B	240B	240B	258B	262B
Liabilities
Accounts Payable, Total	14.1B	10.95B	16.45B	18.96B	20.42B
Accrued Expenses, Total	6.31B	7.31B	7.39B	7.8B	7.9B
Short-term Borrowings	4.88B	5.63B	62M	328M	469M
Current Portion of Long-Term Debt	-1.62B	-4.26B	146M	1.59B	0
Current Portion of Leases	1.3B	1.48B	1.04B	1.16B	1.6B
Current Income Taxes Payable	1.55B	921M	1.7B	4.38B	1.86B
Other Current Liabilities	-	166M	-	-	-
Total Current Liabilities	26.53B	22.18B	26.79B	34.21B	32.26B
Long-Term Debt	23.41B	42.32B	30.66B	20.97B	19.73B
Long-Term Leases	2.89B	3.06B	2.96B	3.32B	4.27B
Pension & Other Post Retirement Benefits	7.87B	9.22B	6.25B	4.36B	4.08B
Deferred Tax Liability Non Current	13.69B	12.57B	14.66B	17.13B	18.83B
Other Non Current Liabilities	17.84B	17.71B	18.27B	17.48B	20.53B
Total Liabilities	92.22B	107B	99.6B	97.47B	99.7B
Common Stock, Total	1.83B	1.83B	1.83B	1.83B	1.83B
Additional Paid In Capital	17.26B	16.83B	17.28B	18.66B	21.36B
Retained Earnings	175B	160B	166B	190B	200B
Treasury Stock	-44.6B	-41.5B	-41.46B	-48.2B	-59.06B
Comprehensive Income and Other	-5.23B	-5.85B	-4.13B	-3.04B	-3.2B
Total Common Equity	144B	132B	139B	159B	161B
Minority Interest	995M	1.04B	873M	960M	972M
Total Equity	145B	133B	140B	160B	162B
Total Liabilities And Equity	237B	240B	240B	258B	262B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.88B	1.93B	1.95B	1.91B	1.86B
ECS Total Common Shares Outstanding	1.88B	1.93B	1.93B	1.92B	1.87B
Book Value / Share	76.62	68.4	72.06	83.17	86.27
Tangible Book Value	140B	127B	135B	155B	156B
Tangible Book Value Per Share	74.25	66.12	69.79	80.7	83.74
Total Debt	30.86B	48.22B	34.87B	27.37B	26.07B
Net Debt	25.11B	42.59B	29.2B	9.47B	17.85B
Debt Equivalent of Unfunded Proj. Benefit Obligation	5.18B	6.18B	3.45B	1.84B	1.46B
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	995M	1.04B	873M	960M	972M
Equity Method Investments, Total	38.4B	38.76B	40.36B	44.61B	46.11B
Account Code - Inventory Valuation	4	4	4	4	4
LIFO Reserve, Total	-4.51B	-2.75B	-5.59B	-9.06B	-6.46B
Inventories - Raw Materials, Total	1.63B	1.64B	1.49B	1.87B	2.15B
Inventories - Finished Goods, Total	4.21B	4.03B	4.81B	6.38B	6.46B
Full Time Employees	48.2K	47.74K	42.6K	43.85K	45.6K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	746M	284M	303M	457M	301M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.92B	-5.54B	15.62B	35.46B	21.37B
Depreciation & Amortization - CF	17.79B	16.16B	16.9B	14.81B	14.55B
Amortization of Goodwill and Intangible Assets - (CF)	628M	560M	616M	560M	593M
Impairment of Oil, Gas & Mineral Properties - (CF)	125M	667M	34M	73M	67M
Depreciation & Amortization, Total	18.55B	17.38B	17.54B	15.44B	15.21B
(Gain) Loss From Sale Of Asset	-1.37B	-760M	-1.02B	-550M	-138M
Asset Writedown & Restructuring Costs	10.8B	2.79B	414M	950M	2.18B
(Income) Loss On Equity Investments - (CF)	-2.07B	2.02B	-2B	-4.73B	-885M
Other Operating Activities, Total	-3.44B	-3.71B	282M	959M	1.2B
Change In Accounts Receivable	1.85B	2.42B	-7.55B	-2.32B	1.19B
Change In Inventories	7M	284M	-530M	-930M	-320M
Change In Accounts Payable	-109M	-3.58B	5.48B	2.75B	-49M
Change In Income Taxes	67M	-696M	1.22B	2.85B	-2.8B
Change in Other Net Operating Assets	110M	-39M	-280M	-285M	-1.35B
Cash from Operations	27.31B	10.58B	29.19B	49.6B	35.61B
Capital Expenditure	-14.12B	-8.92B	-8.06B	-11.97B	-15.83B
Sale of Property, Plant, and Equipment	2.81B	2.89B	1.35B	1.44B	446M
Cash Acquisitions	-	373M	-	-2.86B	55M
Investment in Marketable and Equity Securities, Total	1.09B	112M	438M	1.32B	398M
Other Investing Activities, Total	-1.24B	-1.42B	401M	-24M	-302M
Cash from Investing	-11.46B	-6.96B	-5.86B	-12.11B	-15.23B
Short Term Debt Issued, Total	-	651M	-	263M	135M
Long-Term Debt Issued, Total	-	12.31B	-	-	150M
Total Debt Issued	-	12.96B	-	263M	285M
Short Term Debt Repaid, Total	-2.82B	-	-5.57B	-	-
Long-Term Debt Repaid, Total	-5.02B	-5.49B	-7.36B	-8.74B	-4.34B
Total Debt Repaid	-7.85B	-5.49B	-12.94B	-8.74B	-4.34B
Issuance of Common Stock	-	-	38M	-	-
Repurchase of Common Stock	-2.94B	-1.53B	-	-5.42B	-14.68B
Common Dividends Paid	-8.96B	-9.65B	-10.18B	-10.97B	-11.34B
Common & Preferred Stock Dividends Paid	-8.96B	-9.65B	-10.18B	-10.97B	-11.34B
Other Financing Activities, Total	-18M	-24M	-36M	-114M	-40M
Cash from Financing	-19.76B	-3.74B	-23.11B	-24.98B	-30.11B
Foreign Exchange Rate Adjustments	332M	-50M	-151M	-190M	-114M
Net Change in Cash	-3.57B	-174M	58M	12.33B	-9.85B
Supplemental Items
Cash Interest Paid	810M	720M	699M	525M	465M
Cash Income Tax Paid (Refund)	4.82B	2.99B	4.36B	9.15B	10.42B
Levered Free Cash Flow	12.5B	5.64B	18.3B	31.69B	14.62B
Unlevered Free Cash Flow	12.99B	6.08B	18.75B	32.01B	14.92B
Change In Net Working Capital	-1.62B	498M	1.42B	-1.21B	1.4B
Net Debt Issued / Repaid	-7.85B	7.47B	-12.94B	-8.48B	-4.06B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.67	-0.87	4.14	10.56	6.49
Return on Total Capital	3.58	-1.16	5.57	14.49	8.97
Return On Equity %	1.89	-4	11.51	23.72	13.29
Return on Common Equity	1.96	-4.02	11.54	23.77	13.35
Margin Analysis
Gross Profit Margin %	45.24	50.24	42.78	38.87	39.29
SG&A Margin	19.64	28.05	16.42	12.43	15.01
EBITDA Margin %	21.98	16.07	21.57	24.35	21.65
EBITA Margin %	8.41	-3.15	10.64	18.04	14.15
EBIT Margin %	7.93	-3.79	10.24	17.8	13.84
Income From Continuing Operations Margin %	2.15	-6.35	10.13	15.09	10.99
Net Income Margin %	2.21	-6.33	10.09	15.03	10.97
Net Avail. For Common Margin %	2.21	-6.33	10.09	15.03	10.97
Normalized Net Income Margin	7.14	-3.24	8.45	13.21	10.13
Levered Free Cash Flow Margin