Chevron Corporation (CVX) Financial Statements (2024 and earlier)

Company Profile

Business Address 6001 BOLLINGER CANYON ROAD
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)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17,9013531639,3954,822
Cash and cash equivalents17,678   9,3424,813
Short-term investments223353163539
Receivables20,45618,41911,47113,32515,05015,353
Inventory, net of allowances, customer advances and progress billings8,2476,3055,6765,8485,7045,585
Inventory8,2476,3055,6765,8485,7045,585
Prepaid expense3,7393,3393,3043,4072,9222,800
Other undisclosed current assets  5,6405,5965,686950 
Total current assets:50,34333,73826,07828,32934,02128,560
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization392429455329
Operating lease, right-of-use asset4,2623,6683,9494,074
Property, plant and equipment     169,207177,712
Long-term investments and receivables45,23841,29939,64140,19937,48835,346
Long-term investments45,23840,69639,05238,68835,54632,497
Accounts and financing receivable, after allowance for credit loss  6035891,5111,9422,849
Intangible assets, net (including goodwill)4,7224,3854,4024,4634,5184,531
Goodwill4,7224,3854,4024,4634,5184,531
Restricted cash and investments813822776773798 
Deferred income tax assets4,5055,6595,2864,178
Other noncurrent assets12,31012,38411,95010,5326,7667,017
Accounts receivable, excluding accrued interest, after allowance for credit loss1,069 
Other undisclosed noncurrent assets134,055137,151147,253144,5511,065640
Total noncurrent assets:207,366205,797213,712209,099219,842225,246
TOTAL ASSETS:257,709239,535239,790237,428253,863253,806
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,44126,53520,63523,24821,44522,545
Taxes payable3,1091,8732,5562,5652,713
Accounts payable18,95516,45410,95014,10313,95314,565
Accrued liabilities7,4866,9727,8126,5894,9275,267
Debt 6,014     
Other undisclosed current liabilities1,7532561,5483,2825,7265,192
Total current liabilities:34,20826,79122,18326,53027,17127,737
Noncurrent Liabilities
Long-term debt and lease obligation, including:21,37531,11342,76723,69112733,571
Long-term debt, excluding current maturities      33,477
Capital lease obligations12794
Finance lease, liability403449447282
Other undisclosed long-term debt and lease obligation20,97228,15639,70520,801  
Liabilities, other than long-term debt35,82732,52433,66333,14619,61143,179
Deferred revenue and credits21,106
Asset retirement obligations11,41911,61111,87711,59212,957 
Deferred tax liabilities, net 14,652
Deferred income tax liabilities17,13114,66512,56913,688
Liability, pension and other postretirement and postemployment benefits4,3576,2489,2177,8666,6547,421
Operating lease, liability2,9202,5082,6152,608
Other undisclosed noncurrent liabilities6,0579,1678,4518,85351,312 
Total noncurrent liabilities:63,25972,80484,88165,69071,05076,750
Total liabilities:97,46799,595107,06492,22098,221104,487
Temporary equity, carrying amount142135120   
Equity
Equity, attributable to parent, including:159,282139,067131,688144,213154,554148,124
Common stock1,8321,8321,8321,8321,8321,832
Treasury stock, value(48,196)(41,464)(41,498)(44,599)(41,593)(40,833)
Additional paid in capital18,66017,28216,82917,26517,11216,848
Accumulated other comprehensive loss(2,798)(3,889)(5,612)(4,990)(3,544)(3,589)
Retained earnings190,024165,546160,377174,945180,987174,106
Other undisclosed equity, attributable to parent(240)(240)(240)(240)(240)(240)
Equity, attributable to noncontrolling interest9608731,0389951,0881,195
Total equity:160,242139,940132,726145,208155,642149,319
Other undisclosed liabilities and equity(142)(135)(120)   
TOTAL LIABILITIES AND EQUITY:257,709239,535239,790237,428253,863253,806

Income Statement (P&L) ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues246,252162,46594,692146,516166,339141,722
Revenue, net134,674
Cost of revenue(167,552)(116,086)(77,609)(115,452)(121,382)(108,616)
Cost of goods and services sold(145,416)(89,372)(50,488)(80,113)(94,578)(75,765)
Gross profit:78,70046,37917,08331,06444,95733,106
Operating expenses(29,026)(24,740)(24,536)(25,528)(24,382)(23,885)
Operating income (loss):49,67421,639(7,453)5,53620,5759,221
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(295)(688)(880)(417)(560) 
Interest and debt expense(516)(712)(697)(798)(748)(307)
Other undisclosed income from continuing operations before equity method investments, income taxes8111,4001,5771,2151,308307
Income (loss) from continuing operations before equity method investments, income taxes:49,67421,639(7,453)5,53620,5759,221
Income (loss) from equity method investments  5,657(472)   
Income (loss) from continuing operations before income taxes:49,67427,296(7,925)5,53620,5759,221
Income tax expense (benefit)(14,066)(5,950)1,892(2,691)(5,715)48
Income (loss) from continuing operations:35,60821,346(6,033)2,84514,8609,269
Income (loss) before gain (loss) on sale of properties:21,346(6,033)2,84514,8609,269
Other undisclosed net income (loss)  (5,657)472   
Net income (loss):35,60815,689(5,561)2,84514,8609,269
Net income (loss) attributable to noncontrolling interest(143)(64)1879(36)(74)
Net income (loss) available to common stockholders, diluted:35,46515,625(5,543)2,92414,8249,195

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):35,60815,689(5,561)2,84514,8609,269
Other comprehensive income (loss)1,0911,723(622)(1,446)607254
Comprehensive income (loss):36,69917,412(6,183)1,39915,4679,523
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(143)(64)1879(36)(74)
Comprehensive income (loss), net of tax, attributable to parent:36,55617,348(6,165)1,47815,4319,449

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.

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