Chevron Corporation (CVX) financial statements (2022 and earlier)

Company profile

Business Address 6001 BOLLINGER CANYON ROAD
SAN RAMON, CA 94583
State of Incorp. DE
Fiscal Year End December 31
SIC 2911 - Petroleum Refining (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3531639,3954,8227,00111,332
Cash and cash equivalents   9,3424,8136,98811,022
Short-term investments35316353913310
Receivables18,41911,47113,32515,05015,35314,09212,860
Inventory, net of allowances, customer advances and progress billings6,3055,6765,8485,7045,5855,4196,334
Inventory6,3055,6765,8485,7045,5855,4196,334
Prepaid expense3,3393,3043,4072,9222,8003,1074,821
Other undisclosed current assets5,6405,5965,686950   
Total current assets:33,73826,07828,32934,02128,56029,61935,347
Noncurrent Assets
Finance lease, right-of-use asset429455329✕✕✕✕
Operating lease, right-of-use asset3,6683,9494,074✕✕✕✕
Property, plant and equipment   169,207177,712182,186188,396
Long-term investments and receivables41,29939,64140,19937,48835,34632,73529,522
Long-term investments40,69639,05238,68835,54632,49730,25027,110
Accounts and financing receivable, after allowance for credit loss6035891,5111,9422,8492,4852,412
Intangible assets, net (including goodwill)4,3854,4024,4634,5184,5314,5814,588
Goodwill4,3854,4024,4634,5184,5314,5814,588
Restricted cash and investments822776773798   
Disposal group, including discontinued operation, noncurrent assets      1,449
Deferred income tax assets5,6595,2864,178✕✕✕✕
Other noncurrent assets12,38411,95010,5326,7667,0176,8386,801
Other undisclosed noncurrent assets137,151147,253144,5511,0656404,119 
Total noncurrent assets:205,797213,712209,099219,842225,246230,459230,756
TOTAL ASSETS:239,535239,790237,428253,863253,806260,078266,103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,53520,63523,24821,44522,54520,94521,536
Accounts payable16,45410,95014,10313,95314,56513,98613,516
Accrued liabilities6,9727,8126,5894,9275,2674,8824,833
Taxes payable3,1091,8732,5562,5652,7132,0773,187
Other undisclosed current liabilities2561,5483,2825,7265,19210,8404,928
Total current liabilities:26,79122,18326,53027,17127,73731,78526,464
Noncurrent Liabilities
Long-term debt and lease obligation, including:31,11342,76723,69112733,57135,28633,664
Long-term debt, excluding current maturities    33,47735,19333,584
Finance lease, liability449447282✕✕✕✕
Capital lease obligations✕✕✕127949380
Operating lease, liability2,5082,6152,608✕✕✕✕
Other undisclosed long-term debt and lease obligation28,15639,70520,801    
Liabilities, other than long-term debt32,52433,66333,14619,61143,17946,28552,089
Deferred revenue and credits✕✕✕✕21,10621,55323,465
Asset retirement obligations11,61111,87711,59212,957   
Deferred tax liabilities, net✕✕✕ 14,65217,51620,689
Deferred income tax liabilities14,66512,56913,688✕✕✕✕
Liability, pension and other postretirement and postemployment benefits6,2489,2177,8666,6547,4217,2167,935
Other undisclosed noncurrent liabilities9,1678,4518,85351,312   
Total noncurrent liabilities:72,80484,88165,69071,05076,75081,57185,753
Total liabilities:99,595107,06492,22098,221104,487113,356112,217
Temporary equity, carrying amount135120     
Stockholders' equity
Stockholders' equity attributable to parent, including:139,067131,688144,213154,554148,124145,556152,716
Common stock1,8321,8321,8321,8321,8321,8321,832
Treasury stock, value(41,464)(41,498)(44,599)(41,593)(40,833)(41,834)(42,493)
Additional paid in capital17,28216,82917,26517,11216,84816,59516,330
Accumulated other comprehensive loss(3,889)(5,612)(4,990)(3,544)(3,589)(3,843)(4,291)
Retained earnings165,546160,377174,945180,987174,106173,046181,578
Other undisclosed stockholders' equity attributable to parent(240)(240)(240)(240)(240)(240)(240)
Stockholders' equity attributable to noncontrolling interest8731,0389951,0881,1951,1661,170
Total stockholders' equity:139,940132,726145,208155,642149,319146,722153,886
Other undisclosed liabilities and equity(135)(120)     
TOTAL LIABILITIES AND EQUITY:239,535239,790237,428253,863253,806260,078266,103

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues162,46594,692146,516166,339141,722114,472138,477
Revenue, net✕✕✕✕134,674110,215129,925
Cost of revenue(116,086)(77,609)(115,452)(121,382)(108,616)(91,680)(106,158)
Cost of goods and services sold(89,372)(50,488)(80,113)(94,578)(75,765)(59,321)(77,110)
Gross profit:46,37917,08331,06444,95733,10622,79232,319
Operating expenses(24,740)(24,536)(25,528)(24,382)(23,885)(24,952)(27,477)
Operating income (loss):21,639(7,453)5,53620,5759,221(2,160)4,842
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)		(688)(880)(417)(560)   
Interest and debt expense(712)(697)(798)(748)(307)(201) 
Other undisclosed income from continuing operations before equity method investments, income taxes1,4001,5771,2151,308307201 
Income (loss) from continuing operations before equity method investments, income taxes:21,639(7,453)5,53620,5759,221(2,160)4,842
Income (loss) from equity method investments5,657(472)     
Income (loss) from continuing operations before income taxes:27,296(7,925)5,53620,5759,221(2,160)4,842
Income tax expense (benefit)(5,950)1,892(2,691)(5,715)481,729(132)
Income (loss) before gain (loss) on sale of properties:21,346(6,033)2,84514,8609,269(431)4,710
Other undisclosed net income (loss)(5,657)472     
Net income (loss):15,689(5,561)2,84514,8609,269(431)4,710
Net income (loss) attributable to noncontrolling interest(64)1879(36)(74)(66)(123)
Net income (loss) available to common stockholders, diluted:15,625(5,543)2,92414,8249,195(497)4,587

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):15,689(5,561)2,84514,8609,269(431)4,710
Other comprehensive income (loss)1,723(622)(1,446)607254448568
Comprehensive income (loss):17,412(6,183)1,39915,4679,523175,278
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(64)1879(36)(74)(66)(123)
Comprehensive income (loss), net of tax, attributable to parent:17,348(6,165)1,47815,4319,449(49)5,155

Statements sources

The financial statements are based on the company's filings with the 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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