Like its Big Oil peers, Chevron experienced some much-needed financial healing in 2021 thanks to a bounce-back in demand for its products and a resulting surge in hydrocarbon prices. For the full year, the oil and gas giant reported profits of $15.6 billion, compared with a $5.5 billion loss in 2020; it also climbed 11 rungs on the Fortune 500 ladder. But Chevron faced unrest among shareholders, as some rebuked the company for underdelivering on its climate change promises. At the company’s annual meeting in May 2021, 61% of shareholders voted in favor of requiring Chevron to cut its Scope 3 emissions. Investors also expressed unease with a growing number of court judgments against the company outside the U.S., whose total value one 2021 report put at $50 billion. Chevron plans to spend $15 billion on oil and gas projects in 2022, 20% more than in the previous year; but at the end of 2021, it also announced a goal of being operationally net zero by 2050.
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Company Information
As of 8/3/2022
Country
U.S.
Headquarters
San Ramon, Calif.
Industry
Petroleum Refining
CEO
Michael K. Wirth
Website
Company Type
Public
Ticker
CVX
Revenues ($M)
$162,465
Profits ($M)
$15,625
Market Value ($M)
$284,132
Employees
42,595
Excise taxes have been deducted.Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$162,465
71.6%
Profits ($M)
$15,625
-
Assets ($M)
$239,535
-
Total Stockholder Equity ($M)
$139,067
-
Profit Ratios
Profit as % of Revenues
9.6%
Profits as % of Assets
6.5%
Profits as % of Stockholder Equity
11.2%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
814
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
-
EPS % Change (10 year annual rate)
-4.9%
Total Return
Total Return to Investors (2021)
45.9%
Total Return to Investors (5 year, annualized)
4.5%
Total Return to Investors (10 year, annualized)
5.2%
Chevron Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $94,692-35.4% | $-5,543-289.6% | $239,790 | $131,688 |
| 2020 | $146,516-11.9% | $2,924-80.3% | $237,428 | $144,213 |
| 2019 | $166,33923.6% | $14,82461.2% | $253,863 | $154,554 |
| 2018 | $134,53325.1% | $9,195 | $253,806 | $148,124 |
| 2017 | $107,567-18% | $-497-110.8% | $260,078 | $145,556 |
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Lists ranking Chevron
Latest news for Chevron
You’d think $90 oil and record electricity prices would mean more green investment. You’d be wrongFebruary 10, 2022, 2:08 PM UTC
Chevron stops short of sharp emissions reductions despite investor rebukeSeptember 14, 2021, 5:32 PM UTC
