Chevron Corp (CVX)

Return on assets (ROA)

		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
Total assets	US$ in thousands	256,938,000	261,632,000	257,709,000	239,535,000	239,790,000
ROA		6.87%	8.17%	13.76%	6.52%	-2.31%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $17,661,000K ÷ $256,938,000K
= 6.87%

Based on the data provided for Chevron Corp, the return on assets (ROA) has been fluctuating over the years.

- In 2020, the ROA was negative at -2.31%, indicating that the company's assets did not generate a positive return during that period.
- The ROA significantly improved in 2021, reaching 6.52%, suggesting an enhancement in the efficiency of asset utilization to generate profits.
- By the end of 2022, the ROA further increased to 13.76%, indicating that the company was able to generate higher profits relative to its assets.
- In 2023, the ROA decreased slightly to 8.17%, but still remained at a relatively healthy level.
- The most recent data for 2024 shows a ROA of 6.87%, indicating a slight decrease compared to the previous year.

Overall, Chevron Corp's ROA performance indicates some variability but generally shows improvement over the years, reflecting the company's ability to efficiently utilize its assets to generate returns for its shareholders.