Chevron Corporation (CVX) financial statements (2021 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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments31639,3954,8227,00111,33213,207
Cash and cash equivalents  9,3424,8136,98811,02212,785
Short-term investments316353913310422
Restricted cash and investments      1,474
Receivables11,47113,32515,05015,35314,09212,86016,736
Inventory, net of allowances, customer advances and progress billings5,6765,8485,7045,5855,4196,3346,505
Inventory5,6765,8485,7045,5855,4196,3346,505
Prepaid expense3,3043,4072,9222,8003,1074,8215,776
Other undisclosed current assets5,5965,686950   (1,466)
Total current assets:26,07828,32934,02128,56029,61935,34742,232
Noncurrent Assets
Finance lease, right-of-use asset455329✕✕✕✕✕
Operating lease, right-of-use asset3,9494,074✕✕✕✕✕
Property, plant and equipment  169,207177,712182,186188,396183,173
Long-term investments and receivables39,64140,19937,48835,34632,73529,52229,729
Long-term investments39,05238,68835,54632,49730,25027,11026,912
Accounts and financing receivable, after allowance for credit loss5891,5111,9422,8492,4852,4122,817
Intangible assets, net (including goodwill)4,4024,4634,5184,5314,5814,5884,593
Goodwill4,4024,4634,5184,5314,5814,5884,593
Restricted cash and investments776773798    
Disposal group, including discontinued operation, noncurrent assets     1,449 
Deferred income tax assets5,2864,178✕✕✕✕✕
Other noncurrent assets11,95010,5326,7667,0176,8386,8016,299
Other undisclosed noncurrent assets147,253144,5511,0656404,119  
Total noncurrent assets:213,712209,099219,842225,246230,459230,756223,794
TOTAL ASSETS:239,790237,428253,863253,806260,078266,103266,026
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities20,63523,24821,44522,54520,94521,53628,136
Accounts payable10,95014,10313,95314,56513,98613,51619,000
Accrued liabilities7,8126,5894,9275,2674,8824,8335,328
Taxes payable1,8732,5562,5652,7132,0773,1873,808
Debt      11,790
Other undisclosed current liabilities1,5483,2825,7265,19210,8404,928(8,000)
Total current liabilities:22,18326,53027,17127,73731,78526,46431,926
Noncurrent Liabilities
Long-term debt and lease obligation, including:42,76723,69112733,57135,28633,66424,028
Long-term debt, excluding current maturities   33,47735,19333,58423,960
Finance lease, liability447282✕✕✕✕✕
Capital lease obligations✕✕12794938068
Operating lease, liability2,6152,608✕✕✕✕✕
Other undisclosed long-term debt and lease obligation39,70520,801     
Liabilities, other than long-term debt33,66333,14619,61143,17946,28552,08968,127
Deferred revenue and credits✕✕✕21,10621,55323,46523,549
Asset retirement obligations11,87711,59212,957   14,246
Deferred tax liabilities, net✕✕ 14,65217,51620,68921,920
Deferred income tax liabilities12,56913,688✕✕✕✕✕
Liability, pension and other postretirement and postemployment benefits9,2177,8666,6547,4217,2167,9358,412
Other undisclosed noncurrent liabilities8,4518,85351,312   (14,246)
Total noncurrent liabilities:84,88165,69071,05076,75081,57185,75377,909
Total liabilities:107,06492,22098,221104,487113,356112,217109,835
Temporary equity, carrying amount120      
Stockholders' equity
Stockholders' equity attributable to parent, including:131,688144,213154,554148,124145,556152,716155,028
Common stock1,8321,8321,8321,8321,8321,8321,832
Treasury stock, value(41,498)(44,599)(41,593)(40,833)(41,834)(42,493)(42,733)
Additional paid in capital16,82917,26517,11216,84816,59516,33016,041
Accumulated other comprehensive loss(5,612)(4,990)(3,544)(3,589)(3,843)(4,291)(4,859)
Retained earnings160,377174,945180,987174,106173,046181,578184,987
Other undisclosed stockholders' equity attributable to parent(240)(240)(240)(240)(240)(240)(240)
Stockholders' equity attributable to noncontrolling interest1,0389951,0881,1951,1661,1701,163
Total stockholders' equity:132,726145,208155,642149,319146,722153,886156,191
Other undisclosed liabilities and equity(120)      
TOTAL LIABILITIES AND EQUITY:239,790237,428253,863253,806260,078266,103266,026

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues94,692146,516166,339141,722114,472138,477211,970
Revenue, net✕✕✕134,674110,215129,925200,508
Cost of revenue(77,609)(115,452)(121,382)(108,616)(91,680)(106,158)(154,529)
Cost of goods and services sold(50,488)(80,113)(94,578)(75,765)(59,321)(77,110)(127,857)
Gross profit:17,08331,06444,95733,10622,79232,31957,441
Operating expenses(24,536)(25,528)(24,382)(23,885)(24,952)(27,477)(26,239)
Operating income (loss):(7,453)5,53620,5759,221(2,160)4,84231,202
Nonoperating income (expense)(880)(417)(560)   5,159
Net periodic defined benefits expense (reversal of expense), excluding service cost component(880)(417)(560)✕✕✕✕
Other nonoperating income      4,378
Interest and debt expense(697)(798)(748)(307)(201)  
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1,5771,2151,308307201 (5,159)
Income (loss) from continuing operations before equity method investments, income taxes:(7,453)5,53620,5759,221(2,160)4,84231,202
Income (loss) from equity method investments(472)     7,098
Income (loss) from continuing operations before income taxes:(7,925)5,53620,5759,221(2,160)4,84238,300
Income tax expense (benefit)1,892(2,691)(5,715)481,729(132)(11,892)
Income (loss) before gain (loss) on sale of properties:(6,033)2,84514,8609,269(431)4,71026,408
Other undisclosed net income (loss)472     (7,098)
Net income (loss):(5,561)2,84514,8609,269(431)4,71019,310
Net income (loss) attributable to noncontrolling interest1879(36)(74)(66)(123)(69)
Net income (loss) available to common stockholders, diluted:(5,543)2,92414,8249,195(497)4,58719,241

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(5,561)2,84514,8609,269(431)4,71019,310
Other comprehensive income (loss)(622)(1,446)607254448568(1,280)
Comprehensive income (loss):(6,183)1,39915,4679,523175,27818,030
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1879(36)(74)(66)(123)(69)
Comprehensive income (loss), net of tax, attributable to parent:(6,165)1,47815,4319,449(49)5,15517,961

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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