How did Chevron's revenue and expenses shift in Q4 2024?

Chevron's revenue and expenses in Q4 2024 showed a significant shift, with the company's sales and other operating revenues reaching $193.41 billion, while its income from equity affiliates amounted to $4.6 billion and $3.91 billion, respectively. In contrast, Chevron's expenses were lower, with other operating expenses amounting to $4.78 billion, and income from equity affiliates showing a similar figure of $1.58 billion. This indicates that Chevron's primary source of revenue came from its sales and other operating segments, with some contributions from equity affiliates. The company's expenses were relatively lower compared to its revenues, suggesting a strong profitability period for Chevron in Q4 2024.