Chevron (CVX) FY2024 results: revenue $202.8 billion, up 0.9% on the year
Chevron Corp. (CVX) reported revenue of $202.8 billion for fiscal 2024, the year ended 31 December 2024, up 0.9% on the year before. Net income was $17.7 billion, down 17.4%, and diluted earnings per share $9.72. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$202.8 billion
+0.9% on the year
FY2017FY2024
Operating margin
13.6%
14.7% a year earlier
FY2017FY2024
Net income
$17.7 billion
-17.4% on the year
FY2017FY2024
Diluted EPS
$9.72
-14.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
31,492
35,609
49,602
-11.6%
Capital expenditure
16,448
15,829
11,974
+3.9%
Free cash flow
15,044
19,780
37,628
-23.9%
Free cash flow margin
7.4%
9.8%
15.3%
Cash from investing
-8,936
-15,232
-12,108
Cash from financing
-23,472
-30,109
-24,978
Depreciation and amortisation
17,282
17,326
16,319
-0.3%
Buybacks
15,229
14,939
11,255
+1.9%
Dividends paid
11,801
11,336
10,968
+4.1%
Dividend per share
$6.52
$6.04
$5.68
+7.9%
Diluted shares, weighted
1,817m
1,880m
1,940m
-3.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
152,318
160,957
159,282
-5.4%
Non-controlling interest
839
972
960
-13.7%
Redeemable equity
0.0
166
142
Debt
24,541
20,836
23,339
+17.8%
Operating lease liabilities
3,551
3,696
2,920
-3.9%
Finance lease liabilities
546
574
403
-4.9%
Other liabilities
75,143
74,431
70,663
+1.0%
Total liabilities and equity
256,938
261,632
257,709
-1.8%
Fixed assets
n/a
n/a
143,591
Goodwill
4,578
4,722
4,722
-3.0%
Investments
0.0
45.0
223
Cash and equivalents
8,262
8,178
17,678
+1.0%
Receivables
18,338
17,640
18,200
+4.0%
Inventory
9,074
8,612
8,247
+5.4%
Other assets
216,686
222,435
65,048
-2.6%
Total assets
256,938
261,632
257,709
-1.8%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.