Chevron Corp (CVX)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	157,030,000	160,957,000	191,856,000	167,378,000	162,209,000
ROE		11.25%	13.28%	18.49%	9.34%	-3.42%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $17,661,000K ÷ $157,030,000K
= 11.25%

Based on the data provided, Chevron Corp's return on equity (ROE) has shown a volatile trend over the years. In 2020, Chevron had a negative ROE of -3.42%, indicating a loss relative to shareholder equity. However, by the end of 2021, the ROE improved to 9.34%, showing a return that exceeded its equity for that year.

In the following years, Chevron Corp's ROE continued to strengthen, reaching 18.49% by the end of 2022, indicating the company was generating a significant return on shareholder equity. While there was a slight decrease in ROE to 13.28% by the end of 2023, it remained at a healthy level, reflecting efficient utilization of shareholder funds.

By the end of 2024, Chevron's ROE was recorded at 11.25%, showing a further decrease from the previous year but still indicating a decent return on equity for the company. Overall, Chevron's ROE trend suggests improvements in profitability and efficiency in using shareholder funds, with fluctuations over the years but generally demonstrating positive returns for equity investors.