Chevron Corp (CVX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 17,661,000 | 16,681,000 | 18,720,000 | 20,296,000 | 21,369,000 | 25,463,000 | 30,168,000 | 35,780,000 | 35,465,000 | 34,167,000 | 29,047,000 | 20,507,000 | 15,625,000 | 9,905,000 | 3,587,000 | -7,765,000 | -5,543,000 | -11,488,000 | -8,701,000 | 3,874,000 |
| 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 |
| Net profit margin | 8.95% | 8.60% | 9.50% | 10.43% | 10.85% | 12.57% | 14.09% | 15.41% | 15.05% | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | -11.02% | -7.57% | 2.86% |
December 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $17,661,000K ÷ $197,306,000K
= 8.95%
Chevron Corp's net profit margin has shown fluctuations over the past few years, ranging from negative percentages to double-digit positive percentages. The company experienced negative net profit margins in the latter part of 2020 and the early part of 2021, indicating its profitability was impacted by various factors during that period. However, from March 31, 2022, onwards, the net profit margin started to improve consistently, reaching a peak of 15.41% by March 31, 2023.
This upward trend in net profit margin demonstrates that Chevron Corp has been effectively managing its expenses and increasing its profitability over time. The company's ability to achieve double-digit net profit margins in recent quarters suggests that it has implemented successful strategies to enhance its operational efficiency and financial performance. The steady improvement in net profit margin reflects positively on Chevron Corp's financial health and indicates its potential for sustained profitability in the future.
Peer comparison
Dec 31, 2024