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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,61015,79817,90115,43112,37033
Cash and cash equivalents9,29215,66817,67815,16412,029 
Short-term investments31813022326734133
Receivables19,28519,02120,45622,46626,86023,255
Inventory, net of allowances, customer advances and progress billings9,1989,2328,2479,0027,7156,525
Inventory9,1989,2328,2479,0027,7156,525
Prepaid expense4,6974,3003,7394,6044,2433,225
Other undisclosed current assets      11,671
Total current assets:42,79048,35150,34351,50351,18844,709
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization   392   
Operating lease, right-of-use asset   4,262   
Accounts receivable, excluding accrued interest, after allowance for credit loss9401,0361,069   
Property, plant and equipment142,768142,951 144,144144,410144,444
Long-term investments and receivables46,76946,24845,23845,15444,20642,248
Long-term investments46,76946,24845,23845,15443,55741,732
Accounts and financing receivable, after allowance for credit loss     649516
Intangible assets, net (including goodwill)4,7224,7224,7224,6634,6634,374
Goodwill4,7224,7224,7224,6634,6634,374
Restricted cash and investments 874 813791803 
Deferred income tax assets   4,505   
Other noncurrent assets12,82012,14612,31012,74812,64712,502
Other undisclosed noncurrent assets96432134,05573219771
Total noncurrent assets:208,989207,535207,366208,232206,748204,339
TOTAL ASSETS:251,779255,886257,709259,735257,936249,048
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities25,91824,60026,44134,66235,89130,889
Taxes payable5,7824,2753,778
Accounts payable18,65617,94218,95521,69924,90620,137
Accrued liabilities7,2626,6587,4867,1816,7106,974
Debt1,2692,9316,0142,2213,230314
Other undisclosed current liabilities2,6606,2041,753   
Total current liabilities:29,84733,73534,20836,88339,12131,203
Noncurrent Liabilities
Long-term debt and lease obligation, including:   21,375   
Finance lease, liability   403   
Other undisclosed long-term debt and lease obligation   20,972   
Liabilities, other than long-term debt22,40921,83635,82721,80021,52621,453
Asset retirement obligations   11,419   
Deferred income tax liabilities18,45117,73617,13116,61615,94215,526
Liability, pension and other postretirement and postemployment benefits3,9584,1004,3575,1845,5845,927
Operating lease, liability   2,920   
Other undisclosed noncurrent liabilities40,22539,8816,05741,42542,72749,292
Total noncurrent liabilities:62,63461,71763,25963,22564,25370,745
Total liabilities:92,48195,45297,467100,108103,374101,948
Temporary equity, carrying amount147145142142139135
Equity
Equity, attributable to parent, including:158,325159,449159,282158,680153,554146,219
Common stock1,8321,8321,8321,8321,8321,832
Treasury stock, value(56,240)(51,854)(48,196)(44,720)(41,015)(39,158)
Additional paid in capital18,75818,71418,66018,58718,55918,378
Accumulated other comprehensive loss(2,711)(2,741)(2,798)(3,173)(3,491)(3,652)
Retained earnings196,926193,738190,024186,394177,909169,059
Other undisclosed equity, attributable to parent(240)(240)(240)(240)(240)(240)
Equity, attributable to noncontrolling interest9739859609471,008881
Total equity:159,298160,434160,242159,627154,562147,100
Other undisclosed liabilities and equity(147)(145)(142)(142)(139)(135)
TOTAL LIABILITIES AND EQUITY:251,779255,886257,709259,735257,936249,048

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues48,89650,79356,47366,64468,76254,373
Cost of revenue(33,874)(34,372)(38,810)(44,450)(45,578)(38,714)
Cost of goods and services sold(28,984)(29,407)(34,674)(38,090)(40,003)(32,649)
Gross profit:15,02216,42117,66322,19423,18415,659
Operating expenses(7,185)(6,902)(7,855)(7,385)(7,181)(6,605)
Operating income:7,8379,5199,80814,80916,0039,054
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(39)(38)(36)(208)13(64)
Interest and debt expense(120)(115)(123)(128)(129)(136)
Other undisclosed income from continuing operations before equity method investments, income taxes159153159336116200
Income from continuing operations before equity method investments, income taxes:7,8379,5199,80814,80916,0039,054
Income from equity method investments      2,085
Income from continuing operations before income taxes:7,8379,5199,80814,80916,00311,139
Income tax expense(1,829)(2,914)(3,430)(3,571)(4,288)(2,777)
Income from continuing operations:6,0086,6056,37811,23811,7158,362
Income before gain (loss) on sale of properties:11,23811,7158,362
Other undisclosed net loss      (2,085)
Net income:6,0086,6056,37811,23811,7156,277
Net income (loss) attributable to noncontrolling interest2(31)(25)(7)(93)(18)
Net income available to common stockholders, diluted:6,0106,5746,35311,23111,6226,259

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:6,0086,6056,37811,23811,7156,277
Other comprehensive income3057375318161237
Comprehensive income:6,0386,6626,75311,55611,8766,514
Comprehensive income (loss), net of tax, attributable to noncontrolling interest2(31)(25)(7)(93)(18)
Comprehensive income, net of tax, attributable to parent:6,0406,6316,72811,54911,7836,496

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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