Chevron Corp (CVX)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 45,006,000 | 48,545,000 | 55,442,000 | 64,610,000 | 65,133,000 | 65,756,000 | 59,932,000 | 48,916,000 | 42,005,000 | 30,469,000 | 20,873,000 | 6,729,000 | 8,789,000 | 5,579,000 | 9,946,000 | 24,957,000 | 24,262,000 | 36,369,000 | 39,616,000 | 39,180,000 |
| 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 |
| Operating profit margin | 22.40% | 23.09% | 24.88% | 26.62% | 26.45% | 27.64% | 27.75% | 26.47% | 25.85% | 21.83% | 17.49% | 7.07% | 9.28% | 5.27% | 8.47% | 17.47% | 16.56% | 23.85% | 24.70% | 23.92% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $45,006,000K ÷ $200,949,000K
= 22.40%
The operating profit margin of Chevron Corp. has fluctuated over the past eight quarters. It ranged from a low of 12.22% in Q1 2022 to a high of 17.43% in Q1 2023. Overall, there seems to be a downward trend in the operating profit margin from Q1 2023 to Q4 2022, with a noticeable decline in the last two quarters. This suggests that the company's operating expenses may have increased relative to its revenue during this period. It is essential for Chevron Corp. to analyze the factors contributing to this trend and take necessary steps to improve its operating efficiency and profitability in the future.
Peer comparison
Dec 31, 2023