Chevron (CVX) FY2015 results: revenue $138.5 billion, down 34.7% on the year
Chevron Corp. (CVX) reported revenue of $138.5 billion for fiscal 2015, the year ended 31 December 2015, down 34.7% on the year before. Net income was $4.6 billion, down 76.2%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2016.
Revenue
$138.5 billion
-34.7% on the year
FY2008FY2015
Operating margin
3.5%
14.7% a year earlier
FY2008FY2015
Net income
$4.6 billion
-76.2% on the year
FY2008FY2015
Diluted EPS
$2.45
-75.8% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
138,477
211,970
228,848
-34.7%
Research and development
601
707
750
-15.0%
Selling, general and administrative
4,443
4,494
4,510
-1.1%
Operating income
4,842
31,202
35,905
-84.5%
Operating margin
3.5%
14.7%
15.7%
Interest expense
0.0
0.0
0.0
Pre-tax income
4,842
31,202
35,905
-84.5%
Income tax
132
11,892
14,308
-98.9%
Effective tax rate
2.7%
38.1%
39.8%
Net income
4,587
19,241
21,423
-76.2%
Net margin
3.3%
9.1%
9.4%
Diluted EPS
$2.45
$10.14
$11.09
-75.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
19,456
31,475
35,002
-38.2%
Capital expenditure
29,504
35,407
37,985
-16.7%
Free cash flow
-10,048
-3,932
-2,983
Free cash flow margin
-7.3%
-1.9%
-1.3%
Cash from investing
-23,808
-29,893
-35,609
Cash from financing
2,815
-4,999
-3,821
Depreciation and amortisation
21,037
16,793
14,186
+25.3%
Buybacks
2.0
5,006
5,004
-100.0%
Dividends paid
7,992
7,928
7,474
+0.8%
Diluted shares, weighted
1,875m
1,898m
1,932m
-1.2%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
152,716
155,028
149,113
-1.5%
Non-controlling interest
1,170
1,163
1,314
+0.6%
Debt
38,469
27,750
20,334
+38.6%
Other liabilities
72,185
82,085
82,992
-12.1%
Total liabilities and equity
264,540
266,026
253,753
-0.6%
Fixed assets
188,396
183,173
164,829
+2.9%
Goodwill
4,588
4,593
4,639
-0.1%
Investments
310
422
263
-26.5%
Cash and equivalents
11,022
12,785
16,245
-13.8%
Inventory
6,334
6,505
6,380
-2.6%
Other assets
53,890
58,548
61,397
-8.0%
Total assets
264,540
266,026
253,753
-0.6%
10-K for the year ended 31 December 2015, filed 25 February 2016: the filing.