Chevron Corp (CVX)

Operating 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
Operating income (ttm)	US$ in thousands	22,560,000	21,908,000	23,734,000	24,460,000	26,229,000	28,839,000	34,063,000	40,476,000	39,950,000	36,891,000	31,053,000	21,616,000	16,180,000	10,522,000	4,239,000	-6,947,000	-6,097,000	-15,302,000	-12,160,000	-563,000
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
Operating profit margin		11.43%	11.29%	12.05%	12.57%	13.32%	14.24%	15.91%	17.43%	16.95%	16.25%	15.07%	12.22%	10.40%	7.82%	3.65%	-7.25%	-6.45%	-14.68%	-10.58%	-0.42%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $22,560,000K ÷ $197,306,000K
= 11.43%

Chevron Corp's operating profit margin has shown fluctuations over the specified time period. It began at a negative figure in March 2020 and continued to remain negative until June 2021. The margin turned positive in the subsequent quarters, indicating an improvement in profitability. From September 2021 to December 2024, Chevron Corp's operating profit margin displayed a generally upward trend, reaching its highest point at 16.95% in December 2022. However, in the last quarter of the data provided, the margin declined slightly to 11.43%.

Overall, the trend suggests that Chevron Corp has gradually enhanced its operational efficiency and profitability levels over the period, with a few fluctuations along the way. Monitoring the operating profit margin is crucial for assessing the company's ability to generate profits from its core operations.