On April 27, fuel giant Chevron
- Favorable foreign exchange rates, a lower tax rate, and a one-time gain from a refinery sale resulted in an 18% surge in earnings.
- EPS growth outpaced net income growth thanks to share buybacks.
- While lower oil and gas prices curtailed revenue, strong demand has helped to maintain healthy margins.
- Escalating capital expenditures are being allocated to the development of new oil and gas fields.
- Chevron leads its competitors with four stars in the Motley Fool CAPS community. Its energy competitors BP
(NYSE:BP) and ExxonMobil(NYSE:XOM) lag behind with three.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$48,227.0 |
$54,624.0 |
(11.7%) |
|
Net Profit |
$4,715.0 |
$3,996.0 |
18.0% |
|
EPS |
$2.18 |
$1.80 |
21.1% |
|
Diluted Shares |
2,157.9 |
2,223.8 |
(3.0%) |
Get back to basics with the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
31.2% |
26.3% |
4.9 |
|
Operating Margin |
15.8% |
14.2% |
1.6 |
|
Net Margin |
9.8% |
7.3% |
2.5 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$12,703 |
$11,764 |
8.0% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Capital Expenditures |
$4,055 |
$3,048 |
33.0% |
Free cash flow is a Fool's best friend.
Related Foolishness:
Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
