Discontinued — last reported Q4 '23
Business Segments · Income Tax Expense (Benefit)
Downstream — Income Tax Expense (Benefit)
Chevron Downstream — Income Tax Expense (Benefit) remained flat by 0.0% to $407.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 9.3%, from $448.75M to $407.00M. Over 2 years (FY 2021 to FY 2023), Downstream — Income Tax Expense (Benefit) shows an upward trend with a 47.3% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2023
Rolls up toIncome Tax
How to read this metric
Changes often reflect fluctuations in segment profitability or shifts in the geographic mix of taxable income.
Detailed definition
The portion of the company's total income tax provision that is attributable to the downstream segment's pre-tax earning...
Peer comparison
Standard segment-level tax reporting for multinational energy corporations.
Metric ID:
cvx_segment_downstream_income_tax_expense_benefitHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $750.00M | $1.80B | $1.63B |
| YoY Change | — | +139.3% | -9.3% |
Range$750.00M – $1.80B
CAGR+47.3%
Avg YoY Growth+65.0%
Median YoY Growth+65.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Chevron's downstream — income tax expense (benefit)?
- Chevron (CVX) reported downstream — income tax expense (benefit) of $407.00M in Q4 2023.
- How has Chevron's downstream — income tax expense (benefit) changed year-over-year?
- Chevron's downstream — income tax expense (benefit) decreased by 9.3% year-over-year, from $448.75M to $407.00M.
- What is the long-term trend for Chevron's downstream — income tax expense (benefit)?
- Over 2 years (2021 to 2023), Chevron's downstream — income tax expense (benefit) has grown at a 47.3% compound annual growth rate (CAGR), from $750.00M to $1.63B.
- What does downstream — income tax expense (benefit) mean?
- The amount of income tax expense or benefit allocated to the downstream business segment.