CVX Q2 2021 Earnings Report — Chevron Corporation Revenue & Financial Results | Market Cap Arena

Chevron CorporationCVX

Q2 2021 Earnings

Reported August 5, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$36.1B	—	$15.9B	—	126.8%
Op. Income	$3.3B	—	-$7.9B	—	141.7%
Gross Margin	30.4%	—	6.7%	—	23.7pp
Net Margin	8.5%	—	-51.9%	—	60.5pp
EPS (Diluted)	$1.60	—	$-4.44	—	136.0%
Free Cash Flow	$5.2B	—	-$2.0B	—	356.3%

Revenue Flow

Item	Amount
REVENUE	$36.1B
Cost of Revenue	$25.2B
GROSS PROFIT	$11.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$6.6B
Operating Expenses	$7.7B
Cost & Expenses	$32.8B
OPERATING INCOME	$3.3B
Interest Income	$0
Interest Expense	$185M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$4.5B
EBIT	$4.6B
EBITDA	$9.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$36.1B
Cost of Revenue	$25.2B
GROSS PROFIT	$11.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$6.6B
Operating Expenses	$7.7B
Cost & Expenses	$32.8B
OPERATING INCOME	$3.3B
Interest Income	$0
Interest Expense	$185M
Other Income/Expenses	$1.1B
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.1B
D&A	$4.5B
EBIT	$4.6B
EBITDA	$9.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$4.5B
Stock-Based Compensation	$0
Deferred Income Tax	$68M
Other Non-Cash Items	-$522M
Change in Working Capital	-$208M
OPERATING CASH FLOW	$7.0B
Capital Expenditure	-$1.8B
Acquisitions (Net)	$6M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$2M
Other Investing Activities	$145M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$2.5B
Common Stock Repurchased	-$2M
Common Dividends Paid	-$2.6B
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$4.9B
FREE CASH FLOW	$5.2B
Net Change in Cash	$424M

Balance Sheet

Item	Amount
Cash & Equivalents	$7.5B
Short-Term Investments	$34M
Net Receivables	$15.7B
Inventory	$6.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$33.0B
PP&E (Net)	$151.2B
Goodwill	$4.4B
Intangible Assets	$0
Long-Term Investments	$40.6B
Tax Assets	$0
Other Non-Current Assets	$13.7B
TOTAL NON-CURRENT ASSETS	$209.8B
TOTAL ASSETS	$242.8B
Account Payables	$14.7B
Short-Term Debt	$3.5B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$28.1B
Long-Term Debt	$39.5B
Deferred Revenue NC	$20.4B
Deferred Tax Liabilities	$13.1B
Other Non-Current Liabilities	$7.7B
TOTAL NON-CURRENT LIABILITIES	$80.7B
TOTAL LIABILITIES	$108.9B
Common Stock	$1.8B
Additional Paid-In Capital	$17.0B
Retained Earnings	$159.6B
Treasury Stock	-$40.8B
Accum. Other Comp. Income	-$4.5B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$133.2B
Minority Interest	$729M
TOTAL EQUITY	$133.9B
TOTAL LIABILITIES & EQUITY	$242.8B
Total Debt	$43.0B
Net Debt	$35.5B