Reported Q: Q4 2024 Rev YoY: +6.7% EPS YoY: +52.9% Move: -0.60%
Chevron Corporation
CVX
$181.50 -0.60%
Exchange NYSE Sector Energy Industry Oil Gas Integrated
Q4 2024
Published: Feb 21, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for CVX

Reported

Report Date

Feb 21, 2025

Quarter Q4 2024

Revenue

52.23B

YoY: +6.7%

EPS

1.84

YoY: +52.9%

Market Move

-0.60%

Previous quarter: Q3 2024

Follow this company to get upcoming quarter alerts automatically.

Earnings Highlights

  • Revenue of $52.23B up 6.7% year-over-year
  • EPS of $1.84 increased by 52.9% from previous year
  • Gross margin of 32.8%
  • Net income of 3.24B
  • ""We expect to add $10 billion of annual free cash flow in 2026" - Mike Wirth" - Mike Wirth
CVX
Chevron Corporation

Executive Summary

In Q4 2024, Chevron Corporation realized robust financial results, echoing growth across its operational fronts. The company reported a revenue growth of 6.73% year-over-year, totaling $52.2 billion, supported by a strategic boost in production capacities, particularly in the Permian Basin which grew approximately 18% year-over-year. Chevron's earnings per share (EPS) stood at $1.84, reflecting strength against a backdrop of rising operational costs due to market pressures disrupting the refining segment. Notably, Chevron returned $27 billion to shareholders through dividends and share buybacks, reinforcing its commitment to shareholder value amid an environment of fiscal discipline. Management emphasized plans for sustainable cash flow growth and maintaining a strong balance sheet while optimizing upstream and downstream operations to adapt to evolving market dynamics.

Key Performance Indicators

Revenue
Increasing
52.23B
QoQ: 6.74% | YoY: 6.73%
Gross Profit
Increasing
17.11B
32.75% margin
QoQ: 19.93% | YoY: 20.44%
Operating Income
Increasing
6.06B
QoQ: 22.18% | YoY: 12.06%
Net Income
Increasing
3.24B
QoQ: -27.81% | YoY: 43.38%
EPS
Increasing
1.85
QoQ: -25.70% | YoY: 52.89%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2024 52,226.00 1.84 +6.7% View
Q3 2024 48,926.00 2.48 -5.8% View
Q2 2024 49,574.00 2.42 +5.0% View
Q1 2024 46,580.00 2.97 -4.6% View
Q4 2023 48,933.00 1.21 -10.3% View