What does restructuring charges mean?

One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.

Chevron CVX Restructuring Charges

Discontinued — last reported Q2 '20

Restructuring Charges at other companies

World KinectWKC

$6.7M-55.3%

ConocoPhillipsCOP

$10M—

APA CorporationAPA

$7M-81.1%

Segments

By geography

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Int’l.$811M-1.0%

International$70M-48.5%

By segment

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All Other$437M+57.2%

Other financials

Income statement

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Revenue$48.6B+2.1%

Gross profit$20.3B+7.1%

Net income$2.2B-36.9%

EPS (diluted)$1.11-44.5%

Balance sheet

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Cash & equivalents$6.3B+2.4%

Total debt$45.4B+53.1%

Total equity$183.72B+23.1%

Total assets$329.55B+28.5%

Cash flow

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Operating cash flow$2.5B-51.6%

CapEx$4.1B+3.5%

Free cash flow-$1.5B-223%

Valuation

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Market cap$346.64B+35.8%

Enterprise value$385.75B+38.1%

P/E31.5×+12.9×

P/S1.8×+0.5×

Profitability

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Gross margin43.2%+2.8pp

Net margin5.8%-2.0pp

FCF margin7.3%+0.5pp

Returns & leverage

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Return on equity6.6%-3.5pp

Debt / equity0.2×0.0×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Chevron in its filing.

Tagged under the XBRL concept us-gaap:RestructuringCharges.

The official record: Chevron’s 10-Q, filed August 5, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does restructuring charges mean?: One-time costs from reorganizing operations, including employee severance, facility closure costs, contract termination fees, and asset relocation expenses.