Chevron (CVX) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects lower market activity and reduced demand.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects lower market activity and reduced demand.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$48.8B
Revenue reported for this quarter.
Quarter-over-quarter
-10.4%
Change from the immediately preceding quarter.
Year-over-year
-6.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$232.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $65.4B | +81.0% |
| Sep 30, 2022 | $63.5B | +49.2% |
| Dec 31, 2022 | $54.5B | +18.9% |
| Mar 31, 2023 | $48.8B | -6.6% |
Revenue performance
The reported revenue was lower than the previous quarter and also below the level seen a year earlier.
Quarterly comparison
Compared to the immediately preceding quarter, revenue decreased. Versus the same quarter one year ago, revenue also declined.
What to watch
Monitor the trend of declining revenue over recent quarters.