Question
Analyze the figure showing Return on Total Capital for CVX and XOM. Calculate the average for both companies. Briefly explain the ratio and interpret the
Analyze the figure showing Return on Total Capital for CVX and XOM. Calculate the average for both companies. Briefly explain the ratio and interpret the values for the companies.
Return on Total Capital (ROTC)
| ROTC | CVX | XOM |
| 2019 | 2.0% | 6.8% |
| 2020 | NMF | NFM |
| 2021 | 9.4% | 11.1% |
| 2022 | 19.8% | 23.8% |
| 2023 | 13% | 16.0% |
| Average |
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Public Finance Lessons From The Past And Effects On The Future
Authors: Miguel-Angel Galindo Martin
1st Edition
1629481491, 978-1629481494
