Financials Chevron Corporation

Equities

CVX

US1667641005

Integrated Oil & Gas

Real-time Estimate Cboe BZX Other stock markets 12:48:03 2024-12-04 pm EST			5-day change	1st Jan Change
158.39 ^USD	-2.18%		-2.34%	+6.14%

Dec. 03	Venezuela's oil exports approach 1 million bpd fueled by sales to Asia	RE
Dec. 03	UBS Adjusts Chevron Price Target to $195 From $194, Maintains Buy Rating	MT

Projected Income Statement: Chevron Corporation

income-statement-evolution-chart CHEVRON-CORPORATION

Fiscal Period: Dicembre	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	146,516	94,692	162,465	246,252	200,949	197,896	195,323	205,027
Change	-	-35.37%	71.57%	51.57%	-18.4%	-1.52%	-1.3%	4.97%
EBITDA ¹	36,322	14,289	40,825	67,483	48,293	44,675	46,577	54,897
Change	-	-60.66%	185.71%	65.3%	-28.44%	-7.49%	4.26%	17.86%
EBIT ¹	6,334	-6,756	22,351	50,190	30,053	28,767	29,637	35,351
Change	-	-	-	124.55%	-40.12%	-4.28%	3.02%	19.28%
Interest Paid ¹	-798	-697	-712	-516	-469	-553	-585	-639.3
Earnings before Tax (EBT) ¹	5,536	-7,453	21,639	49,674	29,584	28,563	30,638	35,494
Change	-	-	-	129.56%	-40.44%	-3.45%	7.27%	15.85%
Net income ¹	2,924	-5,543	15,625	35,465	21,369	19,325	20,246	23,699
Change	-	-	-	126.98%	-39.75%	-9.56%	4.77%	17.05%
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: Diciembre	2019 Q4	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3
Net sales ¹	36,350	31,501	13,494	24,451	25,246	32,029	37,597	44,710	48,129	54,373	68,762	66,644	56,473	50,793	48,896	54,080	47,180	48,716	51,181	50,669	48,614	48,243	49,293	50,214	51,743	55,527	55,349	55,030
Change	-	-13.34%	-57.16%	81.2%	3.25%	26.87%	17.38%	18.92%	7.65%	12.97%	26.46%	-3.08%	-15.26%	-10.06%	-3.73%	10.6%	-12.76%	3.26%	5.06%	-1%	-4.06%	-0.76%	2.18%	1.87%	3.04%	7.31%	-0.32%	-0.58%
EBITDA ¹	8,474	8,753	-2,813	4,254	4,095	6,747	9,242	12,691	12,145	13,053	20,028	19,254	15,148	13,350	11,647	13,178	10,118	12,260	11,416	10,867	10,564	10,898	11,623	12,153	12,534	-	-	-
Change	-	3.29%	-	-	-3.74%	64.76%	36.98%	37.32%	-4.3%	7.48%	53.44%	-3.86%	-21.33%	-11.87%	-12.76%	13.15%	-23.22%	21.17%	-6.88%	-4.81%	-2.79%	3.17%	6.65%	4.56%	3.13%	-100%	-	-
EBIT ¹	-8,227	4,307	-10,425	120	-758	2,375	4,607	8,229	7,140	9,190	16,132	14,937	9,931	9,634	7,957	8,852	3,610	8,040	7,149	6,653	6,716	7,129	7,331	7,052	-	-	-	-
Change	-	-	-	-	-	-	93.98%	78.62%	-13.23%	28.71%	75.54%	-7.41%	-33.51%	-2.99%	-17.41%	11.25%	-59.22%	122.71%	-11.08%	-6.94%	0.95%	6.15%	2.83%	-3.8%	-100%	-	-	-
Charge d'intérêts ¹	-178	-162	-172	-164	-199	-198	-185	-174	-155	-136	-129	-128	-123	-115	-120	-114	-120	-118	-113	-164	-151.2	-154.7	-154.7	-154.7	-200	-	-	-
Earnings before Tax (EBT) ¹	-8,405	4,145	-10,597	-44	-957	2,177	4,422	8,055	6,985	9,054	16,003	14,809	9,808	9,519	7,837	8,738	3,490	7,922	7,036	6,489	6,908	5,924	6,620	7,522	5,887	-	-	-
Change	-	-	-	-99.58%	2,075%	-	103.12%	82.16%	-13.28%	29.62%	76.75%	-7.46%	-33.77%	-2.95%	-17.67%	11.5%	-60.06%	126.99%	-11.18%	-7.77%	6.46%	-14.25%	11.76%	13.62%	-21.74%	-100%	-	-
Net income ¹	-6,610	3,599	-8,270	-207	-665	1,377	3,082	6,111	5,055	6,259	11,622	11,231	6,353	6,574	6,010	6,526	2,259	5,501	4,434	4,487	4,448	4,512	5,155	5,575	5,241	-	-	-
Change	-	-	-	-97.5%	221.26%	-	123.82%	98.28%	-17.28%	23.82%	85.68%	-3.36%	-43.43%	3.48%	-8.58%	8.59%	-65.38%	143.51%	-19.4%	1.2%	-0.87%	1.43%	14.25%	8.16%	-5.99%	-100%	-	-
Announcement Date	1/31/20	5/1/20	7/31/20	10/30/20	1/29/21	4/30/21	7/30/21	10/29/21	1/28/22	4/29/22	7/29/22	10/28/22	1/27/23	4/28/23	7/23/23	10/27/23	2/2/24	4/26/24	8/2/24	11/1/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Chevron Corporation

balance-sheet-analysis-chart CHEVRON-CORPORATION

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	21,250	38,688	25,694	5,438	12,613	19,718	27,191	29,420
Change	-	82.06%	-33.59%	-78.84%	131.94%	56.33%	37.9%	8.2%
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Chevron Corporation

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
CAPEX ¹	14,100	8,900	8,100	12,000	15,800	16,121	16,575	17,920
Change	-	-36.88%	-8.99%	48.15%	31.67%	2.03%	2.81%	8.12%
Free Cash Flow (FCF) ¹	13,200	1,700	22,500	35,500	19,800	16,344	21,109	26,286
Change	-	-87.12%	1,223.53%	57.78%	-44.23%	-17.45%	29.16%	24.52%
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Chevron Corporation

Fiscal Period: Diciembre	2019	2020	2021	2022	2023	2024	2025	2026
Profitability
EBITDA Margin (%)	24.79%	15.09%	25.13%	27.4%	24.03%	22.57%	23.85%	26.78%
EBIT Margin (%)	4.32%	-7.13%	13.76%	20.38%	14.96%	14.54%	15.17%	17.24%
EBT Margin (%)	3.78%	-7.87%	13.32%	20.17%	14.72%	14.43%	15.69%	17.31%
Net margin (%)	2%	-5.85%	9.62%	14.4%	10.63%	9.77%	10.37%	11.56%
FCF margin (%)	9.01%	1.8%	13.85%	14.42%	9.85%	8.26%	10.81%	12.82%
FCF / Net Income (%)	451.44%	-30.67%	144%	100.1%	92.66%	84.57%	104.26%	110.92%
Profitability
ROA	4.84%	-0.15%	6.52%	14.26%	9.51%	8.25%	8.6%	11.1%
ROE	7.96%	-0.27%	11.54%	23.77%	15.42%	11.86%	11.92%	15.22%
Financial Health
Leverage (Debt/EBITDA)	0.59x	2.71x	0.63x	0.08x	0.26x	0.44x	0.58x	0.54x
Debt / Free cash flow	1.61x	22.76x	1.14x	0.15x	0.64x	1.21x	1.29x	1.12x
Capital Intensity
CAPEX / Current Assets (%)	9.62%	9.4%	4.99%	4.87%	7.86%	8.15%	8.49%	8.74%
CAPEX / EBITDA (%)	38.82%	62.29%	19.84%	17.78%	32.72%	36.09%	35.59%	32.64%
CAPEX / FCF (%)	106.82%	523.53%	36%	33.8%	79.8%	98.64%	78.52%	68.17%
Items per share
Cash flow per share ¹	13.61	6.524	15.94	24.48	20.63	18.3	20.43	22.59
Change	-	-52.08%	144.26%	53.63%	-15.71%	-11.34%	11.65%	10.58%
Dividend per Share ¹	4.76	5.16	5.31	5.68	6.04	6.481	6.813	7.167
Change	-	8.4%	2.91%	6.97%	6.34%	7.3%	5.12%	5.19%
Book Value Per Share ¹	76.1	70.42	72.43	82.47	85.95	85.61	88.82	90.52
Change	-	-7.46%	2.85%	13.85%	4.22%	-0.39%	3.75%	1.91%
EPS ¹	1.54	-2.96	8.14	18.28	11.36	10.47	11.39	13.42
Change	-	-292.21%	-375%	124.57%	-37.86%	-7.87%	8.79%	17.86%
Nbr of stocks (in thousands)	1,890,872	1,925,323	1,927,686	1,933,639	1,882,048	1,797,091	1,797,091	1,797,091
Announcement Date	1/31/20	1/29/21	1/28/22	1/27/23	2/2/24	-	-	-