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  • Revenue by Segments
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CVX Revenue by Segments

Revenue by Segments

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In Q4'24, Chevron's (CVX) Upstream segment revenue stood at $5.1B, marking a significant decline from prior quarters, while the Downstream segment generated $12.8B, also down sharply but remaining the dominant contributor. The All Other segment contributed $121.5M, showing a modest uptick. Overall, total revenue for the quarter was approximately $18B USD. From Q1'22 to Q4'24, the Downstream segment consistently dominated revenue distribution, peaking at $57.6B in Q1'24 before dropping to $12.8B in Q4'24, reflecting volatility likely tied to refining margins and market conditions. Upstream revenue exhibited an initial surge to $18.2B in Q3'22, followed by a decline to $10.1B in Q2'23, a rebound to $19.4B in Q1'24, and a steep fall to $5.1B in Q4'24, indicating sensitivity to oil prices and production dynamics. The All Other segment remained negligible, averaging under $50M quarterly, underscoring the core focus on Upstream and Downstream operations in this stacked bar chart analysis.