Chevron Corp CVX
Summary (from latest annual report – 2015)
· Total equity : 152.71 billion USD
· Market Cap is 183.1 billion USD ( last price of the stock is 97.23 USD)
· Chevron Corp is an American multinational energy corporation. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation
· Equity of total company decreased from 155.02 billion USD in 2014 to 152.71 billion in 2015
· Company has 11.02 billion USD in cash on account (from latest annual report 2015 year)
· Total equity – cash on account = 152.71 billion usd – 11.02 billion usd = 141.69 billion usd
· Company has 42.4 billion USD treasury stock
· In 2015 company has 33.58 billion USD long-term debt, short – term debt was 4.92 billion USD (In 2014 company had 3.79 billion USD short-term debt , long-term debt was 23.96 billion USD)
· CVX balance sheet has become a little weaker in 2015 (In latest annual report - total equity decreased to 152.71 billion USD from 155.02 billion USD in 2014, total debt was 38.5 billion USD in 2015)
· Company's revenue decreased in 2015 to 138.47 billion USD from 211.97 billion in 2014
· Net income in 2015 was 4.58 billion USD, Net income in 2014 was 19.24 billion USD
· In 2015 company paid 8.12 billion usd dividend to its shareholders
Chevron Corp Subsidiaries
Chevron Corporation is an American multinational energy corporation. Chevron is engaged in every aspect of the oil, natural gas, and geothermal energy industries, including hydrocarbon exploration and production; refining, marketing and transport; chemicals manufacturing and sales; and power generation. The company's most significant areas of operations are the west coast of North America, the U.S. Gulf Coast, Southeast Asia, South Korea, Australia and South Africa. Chevron's largest single resource project is the $43 billion Gorgon Gas Project in Australia. It also produces natural gas from Western Australia. Chevron's alternative energy operations include geothermal, solar, wind power, biofuel, fuel cells, and hydrogen ( In last couple of years Chevron spent at least $2 billion on research and acquisition of renewable power ventures). Chevron has claimed to be the world's largest producer of geothermal energy, the company's geothermal operations are primarily located in Southeast Asia.
Chevron Corp standalone subsidiaries and acquisitions :
· On October 15, 2000, Chevron announced acquisition of Texaco in a deal valued at 45 billion USD, creating the second-largest oil company in the United States and the world's fourth-largest publicly traded oil company
· In 2005, Chevron purchased Unocal Corporation for 18.4 billion USD, increasing the company's petroleum and natural gas reserves by about 15%. Because of Unocal's large South East Asian geothermal operations, Chevron became a large producer of geothermal energy
· In 2011, Chevron acquired Pennsylvania based Atlas Energy Inc. for 3.2 billion USD
· Subsidiary Star Petroleum Refining Public Company Limited - engages in the construction and operation of a petroleum refinery in the Rayong Province of Thailand – worth 1,42 billion USD
· Subsidiary Cabinda Gulf Oil Company Limited - operates as a petroleum producer in Angola. It produces crude oil, liquefied petroleum gas, and liquefied natural gas. The company was founded in 1958 and is based in Luanda, Angola. Cabinda Gulf Oil Company Limited operates as a subsidiary of Chevron Corporation - worth 9 billion USD
· In Kazakhstan, Chevron participate the Tengiz and Karachaganak projects. In 2010, Chevron became the largest private shareholder in the Caspian Pipeline Consortium pipeline with 15%, which transports oil from the Caspian Sea to the Black Sea - worth 2 billion USD
Total = 79.02 billion usd
Opinion about the company
Fundamentally it is a very good company and in the future we can expect its growth (Total debt is (38.5 billion usd), company has 11.02 billion USD in cash on account, ROE is around 3 %).