Discontinued — last reported Q4 '23
Downstream Equipment — Net Income (Loss) Attributable to Parent
Chevron Downstream Equipment — Net Income (Loss) Attributable to Parent remained flat by 0.0% to $1.53B in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 24.7%, from $2.04B to $1.53B. Over 2 years (FY 2021 to FY 2023), Downstream Equipment — Net Income (Loss) Attributable to Parent shows an upward trend with a 45.1% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates improved refining margins or operational efficiency, while a decrease suggests margin compression or higher operating costs.
Detailed definition
This metric represents the net profit or loss generated specifically by the downstream business segment, which includes...
Peer comparison
Comparable to refining and marketing segment earnings reported by other integrated oil and gas majors.
cvx_segment_downstream_net_income_loss_attributable_to_parentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $728.50M | $728.50M | $728.50M | $2.04B | $2.04B | $2.04B | $2.04B | $1.53B | $1.53B | $1.53B | $1.53B |
| QoQ Change | — | +0.0% | +0.0% | +179.9% | +0.0% | +0.0% | +0.0% | -24.7% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +179.9% | +179.9% | +179.9% | -24.7% | -24.7% | -24.7% | -24.7% |
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Frequently Asked Questions
- What is Chevron's downstream equipment — net income (loss) attributable to parent?
- Chevron (CVX) reported downstream equipment — net income (loss) attributable to parent of $1.53B in Q4 2023.
- How has Chevron's downstream equipment — net income (loss) attributable to parent changed year-over-year?
- Chevron's downstream equipment — net income (loss) attributable to parent decreased by 24.7% year-over-year, from $2.04B to $1.53B.
- What is the long-term trend for Chevron's downstream equipment — net income (loss) attributable to parent?
- Over 2 years (2021 to 2023), Chevron's downstream equipment — net income (loss) attributable to parent has grown at a 45.1% compound annual growth rate (CAGR), from $2.91B to $6.14B.
- What does downstream equipment — net income (loss) attributable to parent mean?
- The net profit or loss generated by the company's refining and marketing operations.