Chevron Corp (CVX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 66,304,000 | 60,391,000 | 73,982,000 | 45,432,000 | 22,815,000 |
| Revenue | US$ in thousands | 202,792,000 | 196,913,000 | 246,252,000 | 155,606,000 | 94,471,000 |
| Gross profit margin | 32.70% | 30.67% | 30.04% | 29.20% | 24.15% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $66,304,000K ÷ $202,792,000K
= 32.70%
Based on the data provided, the gross profit margin of Chevron Corp has shown a positive trend over the past five years. The gross profit margin has increased steadily from 24.15% as of December 31, 2020, to 32.70% as of December 31, 2024.
This improvement indicates that Chevron has been effectively managing its production costs and generating a higher percentage of revenue as gross profit. The steady increase in gross profit margin reflects the company's ability to maintain profitability and potentially enhance operational efficiency over the years.
Overall, the consistent growth in Chevron's gross profit margin signifies a positive financial performance and suggests that the company has been successful in optimizing its production processes and controlling its cost structure effectively.
Peer comparison
Dec 31, 2024