Chevron Corp (CVX)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	17,661,000	21,369,000	35,465,000	15,625,000	-5,543,000
Revenue	US$ in thousands	202,792,000	196,913,000	246,252,000	155,606,000	94,471,000
Net profit margin		8.71%	10.85%	14.40%	10.04%	-5.87%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $17,661,000K ÷ $202,792,000K
= 8.71%

Chevron Corp's net profit margin has shown variability over the past five years. In December 2020, the net profit margin was negative at -5.87%, indicating that Chevron's expenses outweighed its revenues in that period. However, there was a significant turnaround in December 2021, as the net profit margin jumped to 10.04%, suggesting improved profitability and better control over costs.

The positive trend continued in December 2022, with the net profit margin reaching 14.40%, signaling a strong financial performance and efficient management of resources. By December 2023, the net profit margin slightly decreased to 10.85%, indicating some stabilization in profitability levels.

In the most recent period as of December 2024, the net profit margin decreased further to 8.71%, suggesting a slight decline in profitability compared to the previous year. Overall, while Chevron has demonstrated the ability to generate profits over the years, there may be fluctuations influenced by various internal and external factors.