The average price of a gallon of gas in 2018 increased $0.30 (12.4 percent) from $2.42 in 2017 to $2.72 in 2018. Required: 1. Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2018 (amounts in billions). 2-a. Conduct a vertical analysis by expressing each line as a percentage of total revenues. 2-b. Excluding Income tax and other operating costs, did Chevron earn more gross profit per dollar of revenue in 2018 compared to 2017? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2018 (amounts in billions), (Decreases should be indicated by a minus sign. Enter your answers in billions (.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) CHEVRON CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 Change in 2018 2017 Dollars Percentage Revenues S 1665 142 $ 220 Costs of Purchased Crudo O and Products 95 76 Other Operating costs 50 57 % Income before Income Tax Expense 219 % Complete this question by entering your answers in the tabs below. Reg 1 Reg 2A Reg 28 Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentages for the income statement of Chevron Corporation for the year ended December 31, 2018 (amounts in billions). (Decreases should be indicated by a minus sign. Enter your answers in billions (l.e., 10,000,000,000 should be entered as 10). Round percentage values to 1 decimal place.) CHEVRON CORPORATION Income Statements (amounts in billions) For the Year Ended December 31 2018 Change in 2017 + Dollars Percentage Revenues $ 166 $ 1427 s 220 % Costs of Purchased Crude Ol and Products 95 76 % Other Operating Costs 50 57 % Income before Income Tax Expense 21 91 % Income Tax Expenso 6 % Not Income $ 15$ 9 % Reg 2A > Complete this question by entering your answers in the tabs below. Reg 1 Req 2A Req 28 Conduct a vertical analysis by expressing each line as a percentage of totallevenues. (Round percentage values to 1 decimal place.) CHEVRON CORPORATION Income Statements (amounts In billions) For the Year Ended December 31 2018 Revenues $ 166 Costs of Purchased Crude Ol and Products 95 Other Operating costs 50 income before Income Tax Expense 21 Income Tax Expense 6 Not Income $ 15 % $ % 2017 142 76 57 9 S % % % % % % % *** % % %$ 9
