Chevron (CVX) Revenue — Quarter Ended Mar 31, 2024
Revenue declined for the current quarter. The drop continued a trend of decelerating decreases compared with the prior quarter and the same quarter last year.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue declined for the current quarter. The drop continued a trend of decelerating decreases compared with the prior quarter and the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$46.6B
Revenue reported for this quarter.
Quarter-over-quarter
-4.8%
Change from the immediately preceding quarter.
Year-over-year
-4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$194.7B
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, 2023 | $47.2B | -27.8% |
| Sep 30, 2023 | $51.9B | -18.2% |
| Dec 31, 2023 | $48.9B | -10.3% |
| Mar 31, 2024 | $46.6B | -4.6% |
Revenue performance
The reported revenue moved lower from the immediately preceding quarter. Compared with the same quarter one year earlier, revenue also decreased.
Quarterly comparison
The quarter-over-quarter decline was less severe than the prior sequential drop. The year-over-year decline was also narrower than the year-earlier comparable period's change.
What to watch
Trailing twelve-month revenue continued to decline on a sequential basis.