Chevron (CVX) Revenue — Quarter Ended Jun 30, 2024
Revenue increased in the current quarter compared with the prior quarter and the same quarter a year earlier. The trend shows a reversal from the decline seen in recent quarters.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue increased in the current quarter compared with the prior quarter and the same quarter a year earlier. The trend shows a reversal from the decline seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$49.6B
Revenue reported for this quarter.
Quarter-over-quarter
+6.4%
Change from the immediately preceding quarter.
Year-over-year
+5.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$197B
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 |
|---|---|---|
| Sep 30, 2023 | $51.9B | -18.2% |
| Dec 31, 2023 | $48.9B | -10.3% |
| Mar 31, 2024 | $46.6B | -4.6% |
| Jun 30, 2024 | $49.6B | +5.0% |
Revenue performance
The reported revenue reflects a sequential improvement and a year-over-year increase.
Quarterly comparison
Revenue rose against the immediately preceding quarter and the same quarter one year ago. The prior quarter had declined from the one before it, while the year-ago quarter was also lower than its predecessor.
What to watch
The filing context mentions cash from operations decreased in the first half of the current year versus the year-ago period.