Chevron Corp (CVX)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 30.82% | 29.85% | 30.06% | 30.43% | 30.67% | 30.26% | 30.95% | 31.23% | 30.49% | 31.05% | 31.23% | 30.73% | 31.05% | 30.89% | 29.03% | 24.82% | 25.91% | 15.31% | 17.36% | 22.20% |
| 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% |
| Pretax margin | 13.94% | 12.85% | 13.80% | 14.38% | 15.02% | 17.73% | 19.61% | 21.59% | 21.07% | 20.63% | 19.46% | 16.12% | 13.91% | 10.18% | 4.82% | -9.83% | -7.89% | -14.30% | -9.40% | 4.23% |
| 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% |
Chevron Corp's profitability ratios have shown fluctuations over the past few years. The gross profit margin has generally been improving, reaching around 30% in recent quarters, indicating the company's ability to control production costs and generate profits from its operations.
In contrast, the operating profit margin started in negative territory but has steadily increased to around 11% by the end of 2024. This suggests that Chevron has been able to manage its operating expenses more efficiently and turn a profit from its core business activities.
The pretax margin also displays an upward trend, reflecting improved financial performance before taxes. This metric increased from around -14% in September 2020 to approximately 13.9% by the end of December 2021, showcasing Chevron's efforts to enhance its profitability at the pre-tax level.
Lastly, the net profit margin, which represents the company's bottom-line profitability, has seen positive growth, moving from negative figures in 2020 to approximately 9% by the end of 2024. This suggests that Chevron has been successful in increasing its net income relative to its total revenues, resulting in improved overall profitability.
Overall, while Chevron has faced challenges in the past, its profitability ratios have shown a positive trajectory in recent years, indicating improved operational efficiency and financial performance.
Return on investment
| 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 return on assets (Operating ROA) | 8.78% | 8.45% | 9.11% | 9.35% | 10.03% | 10.93% | 13.53% | 15.82% | 15.50% | 14.20% | 12.04% | 8.68% | 6.75% | 4.39% | 1.75% | -2.87% | -2.54% | -6.86% | -5.44% | -0.24% |
| Return on assets (ROA) | 6.87% | 6.43% | 7.18% | 7.76% | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | -5.15% | -3.89% | 1.64% |
| Return on total capital | 18.45% | 18.07% | 19.11% | 19.44% | 20.39% | 22.01% | 26.82% | 31.76% | 26.16% | 25.70% | 27.13% | 17.63% | 13.93% | 10.42% | 5.62% | -4.19% | -2.97% | -9.08% | -6.49% | 3.63% |
| Return on equity (ROE) | 11.59% | 10.68% | 11.76% | 12.64% | 13.28% | 15.41% | 19.05% | 22.44% | 18.49% | 18.15% | 18.92% | 12.00% | 9.34% | 6.01% | 2.22% | -4.82% | -3.42% | -6.95% | -5.18% | 2.18% |
Chevron Corp's profitability ratios have shown a positive trend over the last few years. The Operating return on assets (Operating ROA) has increased from -0.24% in March 2020 to 8.78% in December 2024, indicating that the company's operating income generated from its assets has improved significantly.
Similarly, the Return on assets (ROA) has also seen a steady increase, from -3.89% in June 2020 to 6.87% in December 2024. This ratio reflects the overall efficiency of Chevron in utilizing its assets to generate profits.
Return on total capital has shown even more impressive growth, rising from -9.08% in September 2020 to 18.45% in December 2024. This indicates that Chevron has been able to generate higher returns for its capital providers over the years.
Lastly, Return on equity (ROE) has also demonstrated a positive trend, increasing from -5.18% in June 2020 to 11.59% in December 2024. This shows that Chevron has been successful in delivering value to its shareholders through improved profitability.
Overall, Chevron Corp's profitability ratios have shown consistent improvement, reflecting the company's ability to enhance its operational efficiency and profitability over the years.