Chevron Corporation (CVX) financial statements (2020 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)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 11,755 | 9,395 | 4,822 | 7,001 | 11,332 | 13,207 | 16,508 | ||
| Cash and cash equivalents | 11,697 | 9,342 | 4,813 | 6,988 | 11,022 | 12,785 | 16,245 | ||
| Short-term investments | 58 | 53 | 9 | 13 | 310 | 422 | 263 | ||
| Restricted cash and investments | 1,474 | ||||||||
| Receivables | 12,966 | 15,050 | 15,353 | 14,092 | 12,860 | 16,736 | 21,622 | ||
| Inventory, net of allowances, customer advances and progress billings | 5,951 | 5,704 | 5,585 | 5,419 | 6,334 | 6,505 | 6,380 | ||
| Inventory | 5,951 | 5,704 | 5,585 | 5,419 | 6,334 | 6,505 | 6,380 | ||
| Prepaid expense | 3,316 | 2,922 | 2,800 | 3,107 | 4,821 | 5,776 | 5,732 | ||
| Other undisclosed current assets | 950 | (1,466) | 8 | ||||||
| Total current assets: | 33,988 | 34,021 | 28,560 | 29,619 | 35,347 | 42,232 | 50,250 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 164,363 | 169,207 | 177,712 | 182,186 | 188,396 | 183,173 | 164,829 | ||
| Long-term investments and receivables | 39,911 | 37,488 | 35,346 | 32,735 | 29,522 | 29,729 | 28,335 | ||
| Long-term investments | 38,327 | 35,546 | 32,497 | 30,250 | 27,110 | 26,912 | 25,502 | ||
| Accounts and financing receivable, after allowance for credit loss | 1,584 | 1,942 | 2,849 | 2,485 | 2,412 | 2,817 | 2,833 | ||
| Intangible assets, net (including goodwill) | 4,507 | 4,518 | 4,531 | 4,581 | 4,588 | 4,593 | 4,639 | ||
| Goodwill | 4,507 | 4,518 | 4,531 | 4,581 | 4,588 | 4,593 | 4,639 | ||
| Restricted cash and investments | 798 | ||||||||
| Disposal group, including discontinued operation, noncurrent assets | 1,449 | ✕ | |||||||
| Other noncurrent assets | 10,716 | 6,766 | 7,017 | 6,838 | 6,801 | 6,299 | 5,120 | ||
| Assets held-for-sale, long lived | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 580 | ||
| Other undisclosed noncurrent assets | 3,052 | 1,065 | 640 | 4,119 | |||||
| Total noncurrent assets: | 222,549 | 219,842 | 225,246 | 230,459 | 230,756 | 223,794 | 203,503 | ||
| TOTAL ASSETS: | 256,537 | 253,863 | 253,806 | 260,078 | 266,103 | 266,026 | 253,753 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 22,438 | 21,445 | 22,545 | 20,945 | 21,536 | 28,136 | 32,644 | ||
| Accounts payable | 13,230 | 13,953 | 14,565 | 13,986 | 13,516 | 19,000 | 22,815 | ||
| Accrued liabilities | 6,523 | 4,927 | 5,267 | 4,882 | 4,833 | 5,328 | 5,402 | ||
| Taxes payable | 2,685 | 2,565 | 2,713 | 2,077 | 3,187 | 3,808 | 4,427 | ||
| Debt | 7,795 | 11,790 | 8,374 | ||||||
| Other undisclosed current liabilities | 5,726 | 5,192 | 10,840 | 4,928 | (8,000) | (8,000) | |||
| Total current liabilities: | 30,233 | 27,171 | 27,737 | 31,785 | 26,464 | 31,926 | 33,018 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,999 | 127 | 33,571 | 35,286 | 33,664 | 24,028 | 20,057 | ||
| Long-term debt, excluding current maturities | 33,477 | 35,193 | 33,584 | 23,960 | 19,960 | ||||
| Finance lease, liability | 249 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | 127 | 94 | 93 | 80 | 68 | 97 | ||
| Operating lease, liability | 2,750 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 22,801 | 19,611 | 43,179 | 46,285 | 52,089 | 68,127 | 63,727 | ||
| Deferred revenue and credits | ✕ | ✕ | 21,106 | 21,553 | 23,465 | 23,549 | 22,982 | ||
| Pension and other postretirement defined benefit plans, liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 5,968 | ||
| Asset retirement obligations | 12,957 | 14,246 | 13,476 | ||||||
| Deferred tax liabilities, net | ✕ | 14,652 | 17,516 | 20,689 | 21,920 | 21,301 | |||
| Deferred income tax liabilities | 17,100 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Liability, pension and other postretirement and postemployment benefits | 5,701 | 6,654 | 7,421 | 7,216 | 7,935 | 8,412 | ✕ | ||
| Other undisclosed noncurrent liabilities | 43,612 | 51,312 | (14,246) | (13,476) | |||||
| Total noncurrent liabilities: | 69,412 | 71,050 | 76,750 | 81,571 | 85,753 | 77,909 | 70,308 | ||
| Total liabilities: | 99,645 | 98,221 | 104,487 | 113,356 | 112,217 | 109,835 | 103,326 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 155,841 | 154,554 | 148,124 | 145,556 | 152,716 | 155,028 | 149,113 | ||
| Common stock | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | 1,832 | ||
| Treasury stock, value | (43,500) | (41,593) | (40,833) | (41,834) | (42,493) | (42,733) | (38,290) | ||
| Additional paid in capital | 17,235 | 17,112 | 16,848 | 16,595 | 16,330 | 16,041 | 15,713 | ||
| Deferred employee stock ownership plan, issuance of shares or sale of treasury shares | (240) | ||||||||
| Accumulated other comprehensive loss | (3,269) | (3,544) | (3,589) | (3,843) | (4,291) | (4,859) | (3,579) | ||
| Retained earnings | 183,783 | 180,987 | 174,106 | 173,046 | 181,578 | 184,987 | 173,677 | ||
| Other undisclosed stockholders' equity attributable to parent | (240) | (240) | (240) | (240) | (240) | (240) | |||
| Stockholders' equity attributable to noncontrolling interest | 1,051 | 1,088 | 1,195 | 1,166 | 1,170 | 1,163 | 1,314 | ||
| Total stockholders' equity: | 156,892 | 155,642 | 149,319 | 146,722 | 153,886 | 156,191 | 150,427 | ||
| TOTAL LIABILITIES AND EQUITY: | 256,537 | 253,863 | 253,806 | 260,078 | 266,103 | 266,026 | 253,753 | ||
Income statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 152,518 | 166,339 | 141,722 | 114,472 | 138,477 | 211,970 | 228,848 | |
| Revenue, net | ✕ | ✕ | 134,674 | 110,215 | 129,925 | 200,508 | 220,181 | |
| Cost of revenue | (108,542) | (121,382) | (108,616) | (91,680) | (106,158) | (154,529) | (164,445) | |
| Cost of goods and services sold | (84,340) | (94,578) | (75,765) | (59,321) | (77,110) | (127,857) | (143,188) | |
| Gross profit: | 43,976 | 44,957 | 33,106 | 22,792 | 32,319 | 57,441 | 64,403 | |
| Operating expenses | (25,137) | (24,382) | (23,885) | (24,952) | (27,477) | (26,239) | (28,498) | |
| Operating income (loss): | 18,839 | 20,575 | 9,221 | (2,160) | 4,842 | 31,202 | 35,905 | |
| Nonoperating income (expense) | (535) | (560) | 5,159 | 971 | ||||
| Investment income, nonoperating | 504 | (194) | ||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (535) | (560) | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Other nonoperating income | 4,378 | 1,165 | ||||||
| Interest and debt expense | (810) | (748) | (307) | (201) | ||||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 1,345 | 1,308 | 307 | 201 | (5,159) | (971) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 18,839 | 20,575 | 9,221 | (2,160) | 4,842 | 31,202 | 35,905 | |
| Income from equity method investments | 7,098 | 7,527 | ||||||
| Income (loss) from continuing operations before income taxes: | 18,839 | 20,575 | 9,221 | (2,160) | 4,842 | 38,300 | 43,432 | |
| Income tax expense (benefit) | (5,604) | (5,715) | 48 | 1,729 | (132) | (11,892) | (14,308) | |
| Income (loss) before gain (loss) on sale of properties: | 13,235 | 14,860 | 9,269 | (431) | 4,710 | 26,408 | 29,124 | |
| Other undisclosed net loss | (7,098) | (7,527) | ||||||
| Net income (loss): | 13,235 | 14,860 | 9,269 | (431) | 4,710 | 19,310 | 21,597 | |
| Net income (loss) attributable to noncontrolling interest | 29 | (36) | (74) | (66) | (123) | (69) | (174) | |
| Net income (loss) available to common stockholders, diluted: | 13,264 | 14,824 | 9,195 | (497) | 4,587 | 19,241 | 21,423 | |
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 13,235 | 14,860 | 9,269 | (431) | 4,710 | 19,310 | 21,597 | |
| Other comprehensive income (loss) | 558 | 607 | 254 | 448 | 568 | (1,280) | 2,790 | |
| Comprehensive income: | 13,793 | 15,467 | 9,523 | 17 | 5,278 | 18,030 | 24,387 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 29 | (36) | (74) | (66) | (123) | (69) | 174 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (348) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 13,822 | 15,431 | 9,449 | (49) | 5,155 | 17,961 | 24,213 | |
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.