Discontinued — last reported Q4 '23
Business Segments · Income Tax Expense (Benefit)
Upstream — Income Tax Expense (Benefit)
Chevron Upstream — Income Tax Expense (Benefit) remained flat by 0.0% to $1.72B in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 46.0%, from $3.18B to $1.72B. Over 2 years (FY 2021 to FY 2023), Upstream — Income Tax Expense (Benefit) shows an upward trend with a 5.9% CAGR.
Analysis
StatementSegment
CategoryProfitability
SignalContext dependent
VolatilityModerate
First reportedQ1 2018
Last reportedQ4 2023
Rolls up toIncome Tax
How to read this metric
Changes relative to pre-tax income can signal shifts in the effective tax rate due to geographic production mix.
Detailed definition
The total income tax provision or benefit allocated to the upstream segment based on its pre-tax earnings. This reflects...
Peer comparison
Standard segment-level tax reporting for multinational energy corporations.
Metric ID:
cvx_segment_upstream_income_tax_expense_benefitHistorical Data
3 years
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $6.13B | $12.73B | $6.87B |
| YoY Change | — | +107.9% | -46.0% |
Range$6.13B – $12.73B
CAGR+5.9%
Avg YoY Growth+30.9%
Median YoY Growth+30.9%
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Frequently Asked Questions
- What is Chevron's upstream — income tax expense (benefit)?
- Chevron (CVX) reported upstream — income tax expense (benefit) of $1.72B in Q4 2023.
- How has Chevron's upstream — income tax expense (benefit) changed year-over-year?
- Chevron's upstream — income tax expense (benefit) decreased by 46.0% year-over-year, from $3.18B to $1.72B.
- What is the long-term trend for Chevron's upstream — income tax expense (benefit)?
- Over 2 years (2021 to 2023), Chevron's upstream — income tax expense (benefit) has grown at a 5.9% compound annual growth rate (CAGR), from $6.13B to $6.87B.
- What does upstream — income tax expense (benefit) mean?
- The total tax expense or benefit attributed to the upstream segment.