Chevron (CVX) Revenue — Quarter Ended Sep 30, 2024
Chevron's reported revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend seen in the most recent trailing twelve months.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Chevron's reported revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects a continuation of the downward trend seen in the most recent trailing twelve months.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$48.9B
Revenue reported for this quarter.
Quarter-over-quarter
-1.3%
Change from the immediately preceding quarter.
Year-over-year
-5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$194B
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 |
|---|---|---|
| Dec 31, 2023 | $48.9B | -10.3% |
| Mar 31, 2024 | $46.6B | -4.6% |
| Jun 30, 2024 | $49.6B | +5.0% |
| Sep 30, 2024 | $48.9B | -5.8% |
Revenue performance
Revenue for the quarter was lower than the immediately preceding quarter, marking a sequential decline. The year-over-year comparison also showed a decrease, indicating weaker performance relative to the same period a year ago.
Quarterly comparison
When compared to the prior quarter, revenue contracted, and the decline from the same quarter one year earlier was more pronounced. The trend data shows that revenue in the current quarter fell below the level reached in the previous quarter, while the trailing twelve-month figure also reflects the overall downward movement.
What to watch
The trajectory of quarterly revenue warrants monitoring, particularly given the sequential and year-over-year declines observed in this reporting period.