Chevron Corporation (CVX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
5001 EXECUTIVE PARKWAY SAN RAMON, CA 94583 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2911 - Petroleum Refining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 8,223 | 17,901 | 35 | 31 | 63 | 9,395 | |||
| Cash and cash equivalents | 8,178 | 17,678 | 9,342 | ||||||
| Short-term investments | 45 | 223 | 35 | 31 | 63 | 53 | |||
| Receivables | 19,921 | 20,456 | 18,419 | 11,471 | 13,325 | 15,050 | |||
| Inventory, net of allowances, customer advances and progress billings | 8,612 | 8,247 | 6,305 | 5,676 | 5,848 | 5,704 | |||
| Inventory | 8,612 | 8,247 | 6,305 | 5,676 | 5,848 | 5,704 | |||
| Prepaid expense | 4,372 | 3,739 | 3,339 | 3,304 | 3,407 | 2,922 | |||
| Other undisclosed current assets | 5,640 | 5,596 | 5,686 | 950 | |||||
| Total current assets: | 41,128 | 50,343 | 33,738 | 26,078 | 28,329 | 34,021 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 583 | 392 | 429 | 455 | 329 | ✕ | |||
| Operating lease, right-of-use asset | 5,422 | 4,262 | 3,668 | 3,949 | 4,074 | ✕ | |||
| Property, plant and equipment | 169,207 | ||||||||
| Long-term investments and receivables | 46,812 | 45,238 | 41,299 | 39,641 | 40,199 | 37,488 | |||
| Long-term investments | 46,812 | 45,238 | 40,696 | 39,052 | 38,688 | 35,546 | |||
| Accounts and financing receivable, after allowance for credit loss | 603 | 589 | 1,511 | 1,942 | |||||
| Intangible assets, net (including goodwill) | 4,722 | 4,722 | 4,385 | 4,402 | 4,463 | 4,518 | |||
| Goodwill | 4,722 | 4,722 | 4,385 | 4,402 | 4,463 | 4,518 | |||
| Restricted cash and investments | 822 | 813 | 822 | 776 | 773 | 798 | |||
| Deferred income tax assets | 4,169 | 4,505 | 5,659 | 5,286 | 4,178 | ✕ | |||
| Other noncurrent assets | 13,734 | 12,310 | 12,384 | 11,950 | 10,532 | 6,766 | |||
| Accounts receivable, excluding accrued interest, after allowance for credit loss | ✕ | 942 | 1,069 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent assets | 143,298 | 134,055 | 137,151 | 147,253 | 144,551 | 1,065 | |||
| Total noncurrent assets: | 220,504 | 207,366 | 205,797 | 213,712 | 209,099 | 219,842 | |||
| TOTAL ASSETS: | 261,632 | 257,709 | 239,535 | 239,790 | 237,428 | 253,863 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 28,078 | 26,441 | 26,535 | 20,635 | 23,248 | 21,445 | |||
| Taxes payable | ✕ | ✕ | ✕ | 3,109 | 1,873 | 2,556 | 2,565 | ||
| Accounts payable | 20,423 | 18,955 | 16,454 | 10,950 | 14,103 | 13,953 | |||
| Accrued liabilities | 7,655 | 7,486 | 6,972 | 7,812 | 6,589 | 4,927 | |||
| Debt | 6,014 | ||||||||
| Other undisclosed current liabilities | 4,180 | 1,753 | 256 | 1,548 | 3,282 | 5,726 | |||
| Total current liabilities: | 32,258 | 34,208 | 26,791 | 22,183 | 26,530 | 27,171 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 20,307 | 21,375 | 31,113 | 42,767 | 23,691 | 127 | |||
| Capital lease obligations | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 127 | ||
| Finance lease, liability | 574 | 403 | 449 | 447 | 282 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | 19,733 | 20,972 | 28,156 | 39,705 | 20,801 | ||||
| Liabilities, other than long-term debt | 38,730 | 35,827 | 32,524 | 33,663 | 33,146 | 19,611 | |||
| Asset retirement obligations | 12,122 | 11,419 | 11,611 | 11,877 | 11,592 | 12,957 | |||
| Deferred income tax liabilities | 18,830 | 17,131 | 14,665 | 12,569 | 13,688 | ✕ | |||
| Liability, pension and other postretirement and postemployment benefits | 4,082 | 4,357 | 6,248 | 9,217 | 7,866 | 6,654 | |||
| Operating lease, liability | 3,696 | 2,920 | 2,508 | 2,615 | 2,608 | ✕ | |||
| Other undisclosed noncurrent liabilities | 8,408 | 6,057 | 9,167 | 8,451 | 8,853 | 51,312 | |||
| Total noncurrent liabilities: | 67,445 | 63,259 | 72,804 | 84,881 | 65,690 | 71,050 | |||
| Total liabilities: | 99,703 | 97,467 | 99,595 | 107,064 | 92,220 | 98,221 | |||
| Temporary equity, carrying amount | 166 | 142 | 135 | 120 | |||||
| Equity | |||||||||
| Equity, attributable to parent, including: | 160,957 | 159,282 | 139,067 | 131,688 | 144,213 | 154,554 | |||
| Common stock | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | |||
| Treasury stock, value | (59,065) | (48,196) | (41,464) | (41,498) | (44,599) | (41,593) | |||
| Additional paid in capital | 21,365 | 18,660 | 17,282 | 16,829 | 17,265 | 17,112 | |||
| Accumulated other comprehensive loss | (2,960) | (2,798) | (3,889) | (5,612) | (4,990) | (3,544) | |||
| Retained earnings | 200,025 | 190,024 | 165,546 | 160,377 | 174,945 | 180,987 | |||
| Other undisclosed equity, attributable to parent | (240) | (240) | (240) | (240) | (240) | (240) | |||
| Equity, attributable to noncontrolling interest | 972 | 960 | 873 | 1,038 | 995 | 1,088 | |||
| Total equity: | 161,929 | 160,242 | 139,940 | 132,726 | 145,208 | 155,642 | |||
| Other undisclosed liabilities and equity | (166) | (142) | (135) | (120) | |||||
| TOTAL LIABILITIES AND EQUITY: | 261,632 | 257,709 | 239,535 | 239,790 | 237,428 | 253,863 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 200,949 | 246,252 | 162,465 | 94,692 | 146,516 | 166,339 | ||
| Cost of revenue | (142,337) | (167,552) | (116,086) | (77,609) | (115,452) | (121,382) | ||
| Cost of goods and services sold | (119,196) | (145,416) | (89,372) | (50,488) | (80,113) | (94,578) | ||
| Gross profit: | 58,612 | 78,700 | 46,379 | 17,083 | 31,064 | 44,957 | ||
| Operating expenses | (29,028) | (29,026) | (24,740) | (24,536) | (25,528) | (24,382) | ||
| Operating income (loss): | 29,584 | 49,674 | 21,639 | (7,453) | 5,536 | 20,575 | ||
| Nonoperating expense (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | (212) | (295) | (688) | (880) | (417) | (560) | ||
| Interest and debt expense | (469) | (516) | (712) | (697) | (798) | (748) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 681 | 811 | 1,400 | 1,577 | 1,215 | 1,308 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 29,584 | 49,674 | 21,639 | (7,453) | 5,536 | 20,575 | ||
| Income (loss) from equity method investments | 5,657 | (472) | ||||||
| Income (loss) from continuing operations before income taxes: | 29,584 | 49,674 | 27,296 | (7,925) | 5,536 | 20,575 | ||
| Income tax expense (benefit) | (8,173) | (14,066) | (5,950) | 1,892 | (2,691) | (5,715) | ||
| Income (loss) from continuing operations: | 21,411 | 35,608 | 21,346 | (6,033) | 2,845 | 14,860 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 21,346 | (6,033) | 2,845 | 14,860 | |
| Other undisclosed net income (loss) | (5,657) | 472 | ||||||
| Net income (loss): | 21,411 | 35,608 | 15,689 | (5,561) | 2,845 | 14,860 | ||
| Net income (loss) attributable to noncontrolling interest | (42) | (143) | (64) | 18 | 79 | (36) | ||
| Net income (loss) available to common stockholders, diluted: | 21,369 | 35,465 | 15,625 | (5,543) | 2,924 | 14,824 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 21,411 | 35,608 | 15,689 | (5,561) | 2,845 | 14,860 | ||
| Other comprehensive income (loss) | (162) | 1,091 | 1,723 | (622) | (1,446) | 607 | ||
| Comprehensive income (loss): | 21,249 | 36,699 | 17,412 | (6,183) | 1,399 | 15,467 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (42) | (143) | (64) | 18 | 79 | (36) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 21,207 | 36,556 | 17,348 | (6,165) | 1,478 | 15,431 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.