Discontinued — last reported Q4 '23
Upstream Equipment — Net Income (Loss) Attributable to Parent
Chevron Upstream Equipment — Net Income (Loss) Attributable to Parent remained flat by 0.0% to $4.36B in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 42.4%, from $7.57B to $4.36B. Over 2 years (FY 2021 to FY 2023), Upstream Equipment — Net Income (Loss) Attributable to Parent shows an upward trend with a 5.0% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests higher commodity prices or improved operational efficiency in extraction, while a decrease indicates lower production volumes or unfavorable market pricing.
Detailed definition
This metric represents the net profit or loss generated specifically by the exploration and production segment of the bu...
Peer comparison
Standard across integrated oil and gas majors as 'Upstream Segment Earnings'.
cvx_segment_upstream_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 | $3.95B | $3.95B | $3.95B | $7.57B | $7.57B | $7.57B | $7.57B | $4.36B | $4.36B | $4.36B | $4.36B |
| QoQ Change | — | +0.0% | +0.0% | +91.5% | +0.0% | +0.0% | +0.0% | -42.4% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +91.5% | +91.5% | +91.5% | -42.4% | -42.4% | -42.4% | -42.4% |
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Frequently Asked Questions
- What is Chevron's upstream equipment — net income (loss) attributable to parent?
- Chevron (CVX) reported upstream equipment — net income (loss) attributable to parent of $4.36B in Q4 2023.
- How has Chevron's upstream equipment — net income (loss) attributable to parent changed year-over-year?
- Chevron's upstream equipment — net income (loss) attributable to parent decreased by 42.4% year-over-year, from $7.57B to $4.36B.
- What is the long-term trend for Chevron's upstream equipment — net income (loss) attributable to parent?
- Over 2 years (2021 to 2023), Chevron's upstream equipment — net income (loss) attributable to parent has grown at a 5.0% compound annual growth rate (CAGR), from $15.82B to $17.44B.
- What does upstream equipment — net income (loss) attributable to parent mean?
- The net profit earned specifically from oil and gas exploration and production activities.