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Chevron Corp  (CVX)
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Chevron's Effective Tax Rate by quarter

Trends, Rankings, Statistics



CVX Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change -64.42 % -41 % -51.03 % 5.14 % 40.42 %
Seq. Pre-Tax Income Change -60.06 % 11.5 % -17.67 % -2.95 % -33.77 %
Pre-Tax Income In Millions $3,490.00 $8,738.00 $7,837.00 $9,519.00 $9,808.00
Effective Tax Rate 35.73 % 24.98 % 23.34 % 30.61 % 34.97 %
Effective Tax Rate Total Ranking # 1276 # 1401 # 1174 # 1863 # 2052
Income taxes expenses / -benefit In Millions $1,247.00 $2,183.00 $1,829.00 $2,914.00 $3,430.00
Y / Y Income taxes expenses / -benefit Change -63.64 % -38.87 % -57.35 % 4.93 % 80.24 %
Seq. Income taxes expenses / -benefit Change -42.88 % 19.35 % -37.23 % -15.04 % -3.95 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter increased compare to previous quarter to 35.73 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Oil & Gas Integrated Operations industry 9 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 1276, from total ranking in previous quarter at 1401.

CVX's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Oil & Gas Integrated Operations Industry # 10
Energy Sector # 62
Overall # 1275

CVX's Effective Tax Rate Statistics
High Average Low
55.39 % 36.37 % 10.5 %
(Jun 30 2015)   (Mar 31 2015)




Other Effective Tax Rate Profitability Ratios
CVX's Cumulative Effective Tax Rate
Oil & Gas Integrated Operations Industry Effective Tax Rate Trends and Statistics
Energy Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
CVX's Effective Tax Rate Profitability versus Oil & Gas Integrated Operations Industry, Energy Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for CVX's Competitors
Effective Tax Rate Profit Margin for Chevron's Suppliers
Effective Tax Rate Profit Margin for CVX's Customers

You may also want to know
CVX's Annual Growth Rates CVX's Profitability Ratios CVX's Asset Turnover Ratio CVX's Dividend Growth
CVX's Roe CVX's Valuation Ratios CVX's Financial Strength Ratios CVX's Income taxes expenses / -benefit Growth
CVX's Roa CVX's Inventory Turnover Ratio CVX's Growth Rates CVX's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Oil & Gas Integrated Operations Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Equinor Asa  68.58 %$ 25,980.000 $ 37,884.000 
Chevron Corp  35.73 %$ 1,247.000 $ 3,490.000 
Bp Plc  33.13 %$ 7,869.000 $ 23,749.000 
Phillips 66  27.03 %$ 476.000 $ 1,761.000 
Hess Corporation  26.57 %$ 182.000 $ 685.000 
Exxon Mobil Corporation  24.59 %$ 2,613.000 $ 10,625.000 
Suncor Energy inc  21.66 %$ 1,757.204 $ 8,111.174 
Imperial Oil Limited  21.55 %$ 287.250 $ 1,332.840 
Valero Energy Corp  21.37 %$ 331.000 $ 1,549.000 
Cvr Energy inc  19.17 %$ 23.000 $ 120.000 
Marathon Petroleum Corporation  17.82 %$ 407.000 $ 2,284.000 




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