Chevron Corp (CVX)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 74,034,000 | 77,949,000 | 84,769,000 | 93,933,000 | 94,159,000 | 93,705,000 | 86,506,000 | 74,304,000 | 66,745,000 | 54,458,000 | 44,288,000 | 31,248,000 | 33,325,000 | 31,204,000 | 36,414,000 | 50,589,000 | 49,790,000 | 61,506,000 | 64,477,000 | 64,008,000 |
| Revenue (ttm) | US$ in thousands | 200,949,000 | 210,242,000 | 222,806,000 | 242,672,000 | 246,252,000 | 237,908,000 | 215,974,000 | 184,809,000 | 162,465,000 | 139,582,000 | 119,323,000 | 95,220,000 | 94,692,000 | 105,796,000 | 117,461,000 | 142,817,000 | 146,516,000 | 152,518,000 | 160,389,000 | 163,775,000 |
| Gross profit margin | 36.84% | 37.08% | 38.05% | 38.71% | 38.24% | 39.39% | 40.05% | 40.21% | 41.08% | 39.02% | 37.12% | 32.82% | 35.19% | 29.49% | 31.00% | 35.42% | 33.98% | 40.33% | 40.20% | 39.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $74,034,000K ÷ $200,949,000K
= 36.84%
Chevron Corp.'s gross profit margin has been relatively stable over the past eight quarters, ranging from 38.08% to 40.93%. The trend shows a slight decline in recent quarters, with the highest margin recorded in Q1 2022. Despite the fluctuations, the company has maintained a healthy gross profit margin above 38%, indicating efficient cost management and pricing strategies in its core operations. Further analysis of changes in production costs and revenue generation would be necessary to understand the underlying factors influencing the variations in gross profit margin over the period.
Peer comparison
Dec 31, 2023