Discontinued — last reported Q3 '24
Business Segments · Net Income (Loss)
Upstream — Net Income (Loss)
Chevron Upstream — Net Income (Loss) increased by 2.7% to $4.59B in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 20.3%, from $5.76B to $4.59B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2018
Last reportedQ3 2024
Rolls up toNet Income
How to read this metric
Higher net income indicates strong production margins and effective cost management in exploration and extraction.
Detailed definition
The total profitability of the upstream segment after all operating expenses, taxes, and non-operating items are deducte...
Peer comparison
The standard benchmark for segment performance across all integrated oil and gas companies.
Metric ID:
cvx_segment_upstream_net_income_lossHistorical Data
12 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.18B | $5.14B | $5.16B | $6.93B | $8.56B | $9.31B | $5.16B | $4.94B | $5.76B | $5.24B | $4.47B | $4.59B |
| QoQ Change | — | +61.6% | +0.4% | +34.5% | +23.4% | +8.8% | -44.5% | -4.4% | +16.6% | -9.0% | -14.7% | +2.7% |
| YoY Change | — | — | — | — | +169.3% | +81.2% | -25.6% | -42.3% | -38.2% | +1.5% | -9.4% | -20.3% |
Range$3.18B – $9.31B
CAGR+14.3%
Avg YoY Growth+14.5%
Median YoY Growth-14.9%
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Frequently Asked Questions
- What is Chevron's upstream — net income (loss)?
- Chevron (CVX) reported upstream — net income (loss) of $4.59B in Q3 2024.
- How has Chevron's upstream — net income (loss) changed year-over-year?
- Chevron's upstream — net income (loss) decreased by 20.3% year-over-year, from $5.76B to $4.59B.
- What does upstream — net income (loss) mean?
- The total profit or loss generated by the upstream segment.