Chevron Corp (CVX)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	60,818,000	57,915,000	59,222,000	59,230,000	60,391,000	61,274,000	66,261,000	72,538,000	71,878,000	70,500,000	64,358,000	54,336,000	48,309,000	41,572,000	33,690,000	23,789,000	24,475,000	15,957,000	19,961,000	30,050,000
Revenue (ttm)	US$ in thousands	197,306,000	194,013,000	197,009,000	194,651,000	196,913,000	202,503,000	214,089,000	232,245,000	235,717,000	227,055,000	206,099,000	176,844,000	155,606,000	134,588,000	116,033,000	95,842,000	94,471,000	104,202,000	114,984,000	135,381,000
Gross profit margin		30.82%	29.85%	30.06%	30.43%	30.67%	30.26%	30.95%	31.23%	30.49%	31.05%	31.23%	30.73%	31.05%	30.89%	29.03%	24.82%	25.91%	15.31%	17.36%	22.20%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $60,818,000K ÷ $197,306,000K
= 30.82%

Chevron Corp's gross profit margin has shown fluctuations over the periods analyzed. The gross profit margin decreased from 22.20% in March 2020 to 15.31% in September 2020, before rebounding to 31.05% by December 2021. Subsequently, the margin fluctuated within a relatively narrow range, with a slight decline to 29.85% by September 2024, before rising again to 30.82% by December 2024. Overall, Chevron has maintained a gross profit margin above 20% for most periods, indicating its ability to effectively manage costs and generate profits from its core operations. The recent stability in the gross profit margin suggests a consistent performance in managing the cost of goods sold relative to revenue.