Chevron (CVX) FY2021 results: revenue $162.5 billion, up 71.6% on the year
Chevron Corp. (CVX) reported revenue of $162.5 billion for fiscal 2021, the year ended 31 December 2021, up 71.6% on the year before. Net income was $15.6 billion, and diluted earnings per share $8.14. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$162.5 billion
+71.6% on the year
FY2014FY2021
Operating margin
13.3%
-7.9% a year earlier
FY2014FY2021
Net income
$15.6 billion
FY2014FY2021
Diluted EPS
$8.14
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
29,187
10,577
27,314
+175.9%
Capital expenditure
8,056
8,922
14,116
-9.7%
Free cash flow
21,131
1,655
13,198
+1,176.8%
Free cash flow margin
13.0%
1.7%
9.0%
Cash from investing
-5,865
-6,965
-11,458
Cash from financing
-23,113
-3,736
-19,758
Depreciation and amortisation
17,925
19,508
29,218
-8.1%
Buybacks
1,383
1,757
4,039
-21.3%
Dividends paid
10,179
9,651
8,959
+5.5%
Dividend per share
$5.31
$5.16
$4.76
+2.9%
Diluted shares, weighted
1,920m
1,870m
1,895m
+2.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
139,067
131,688
144,213
+5.6%
Non-controlling interest
873
1,038
995
-15.9%
Redeemable equity
135
120
n/a
+12.5%
Debt
31,369
44,315
26,973
-29.2%
Operating lease liabilities
2,508
2,615
2,608
-4.1%
Finance lease liabilities
449
447
282
+0.4%
Other liabilities
65,134
59,567
62,357
+9.3%
Total liabilities and equity
239,535
239,790
237,428
-0.1%
Fixed assets
146,961
156,618
150,494
-6.2%
Goodwill
4,385
4,402
4,463
-0.4%
Investments
35.0
31.0
63.0
+12.9%
Cash and equivalents
5,640
5,596
6,911
+0.8%
Receivables
16,400
9,500
n/a
+72.6%
Inventory
6,795
5,676
5,848
+19.7%
Other assets
59,319
57,967
69,649
+2.3%
Total assets
239,535
239,790
237,428
-0.1%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.