Chevron (CVX) FY2022 results: revenue $246.3 billion, up 51.6% on the year
Chevron Corp. (CVX) reported revenue of $246.3 billion for fiscal 2022, the year ended 31 December 2022, up 51.6% on the year before. Net income was $35.5 billion, up 127.0%, and diluted earnings per share $18.28. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2023.
Revenue
$246.3 billion
+51.6% on the year
FY2015FY2022
Operating margin
20.2%
13.3% a year earlier
FY2015FY2022
Net income
$35.5 billion
+127.0% on the year
FY2015FY2022
Diluted EPS
$18.28
+124.6% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
49,602
29,187
10,577
+69.9%
Capital expenditure
11,974
8,056
8,922
+48.6%
Free cash flow
37,628
21,131
1,655
+78.1%
Free cash flow margin
15.3%
13.0%
1.7%
Cash from investing
-12,108
-5,865
-6,965
Cash from financing
-24,978
-23,113
-3,736
Depreciation and amortisation
16,319
17,925
19,508
-9.0%
Buybacks
11,255
1,383
1,757
+713.8%
Dividends paid
10,968
10,179
9,651
+7.8%
Dividend per share
$5.68
$5.31
$5.16
+7.0%
Diluted shares, weighted
1,940m
1,920m
1,870m
+1.0%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
159,282
139,067
131,688
+14.5%
Non-controlling interest
960
873
1,038
+10.0%
Redeemable equity
142
135
120
+5.2%
Debt
23,339
31,369
44,315
-25.6%
Operating lease liabilities
2,920
2,508
2,615
+16.4%
Finance lease liabilities
403
449
447
-10.2%
Other liabilities
70,663
65,134
59,567
+8.5%
Total liabilities and equity
257,709
239,535
239,790
+7.6%
Fixed assets
143,591
146,961
156,618
-2.3%
Goodwill
4,722
4,385
4,402
+7.7%
Investments
223
35.0
31.0
+537.1%
Cash and equivalents
17,678
5,640
5,596
+213.4%
Receivables
18,200
16,400
9,500
+11.0%
Inventory
8,247
6,795
5,676
+21.4%
Other assets
65,048
59,319
57,967
+9.7%
Total assets
257,709
239,535
239,790
+7.6%
10-K for the year ended 31 December 2022, filed 23 February 2023: the filing.