We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Chevron Corporation | NYSE:CVX | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.37 | 0.23% | 162.67 | 163.15 | 162.02 | 162.72 | 6,859,281 | 22:50:34 |
6001 Bollinger Canyon Road | |||||||||||||||||||||||
Delaware | 94-0890210 | San Ramon, | California | 94583-2324 | |||||||||||||||||||
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | (Address of principal executive offices) (Zip Code) | |||||||||||||||||||||
NONE | ||||||||||||||
(Former name, former address and former fiscal year, if changed since last report.) |
Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||||||||
Common stock, par value $.75 per share | CVX | New York Stock Exchange |
Large accelerated filer | ☑ | Accelerated filer | ☐ | ||||||||||||||||||||||||||
Non-accelerated filer | ☐ | Smaller reporting company | ☐ | ||||||||||||||||||||||||||
Emerging growth company | ☐ |
Page No. | ||||||||
FINANCIAL INFORMATION | ||||||||
OTHER INFORMATION | ||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars, except per-share amounts) | |||||||||||||||||||||||
Revenues and Other Income | |||||||||||||||||||||||
Sales and other operating revenues | $ | 65,372 | $ | 36,117 | $ | 117,686 | $ | 67,193 | |||||||||||||||
Income (loss) from equity affiliates | 2,467 | 1,442 | 4,552 | 2,353 | |||||||||||||||||||
Other income (loss) | 923 | 38 | 897 | 80 | |||||||||||||||||||
Total Revenues and Other Income | 68,762 | 37,597 | 123,135 | 69,626 | |||||||||||||||||||
Costs and Other Deductions | |||||||||||||||||||||||
Purchased crude oil and products | 40,003 | 20,629 | 72,652 | 38,197 | |||||||||||||||||||
Operating expenses | 6,318 | 4,899 | 11,956 | 9,866 | |||||||||||||||||||
Selling, general and administrative expenses | 863 | 1,096 | 1,830 | 2,086 | |||||||||||||||||||
Exploration expenses | 196 | 113 | 405 | 199 | |||||||||||||||||||
Depreciation, depletion and amortization | 3,700 | 4,522 | 7,354 | 8,808 | |||||||||||||||||||
Taxes other than on income | 1,563 | 1,566 | 3,565 | 2,986 | |||||||||||||||||||
Interest and debt expense | 129 | 185 | 265 | 383 | |||||||||||||||||||
Other components of net periodic benefit costs | (13) | 165 | 51 | 502 | |||||||||||||||||||
Total Costs and Other Deductions | 52,759 | 33,175 | 98,078 | 63,027 | |||||||||||||||||||
Income (Loss) Before Income Tax Expense | 16,003 | 4,422 | 25,057 | 6,599 | |||||||||||||||||||
Income Tax Expense (Benefit) | 4,288 | 1,328 | 7,065 | 2,107 | |||||||||||||||||||
Net Income (Loss) | 11,715 | 3,094 | 17,992 | 4,492 | |||||||||||||||||||
Less: Net income (loss) attributable to noncontrolling interests | 93 | 12 | 111 | 33 | |||||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation | $ | 11,622 | $ | 3,082 | $ | 17,881 | $ | 4,459 | |||||||||||||||
Per Share of Common Stock | |||||||||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation | |||||||||||||||||||||||
- Basic | $ | 5.98 | $ | 1.61 | $ | 9.21 | $ | 2.33 | |||||||||||||||
- Diluted | $ | 5.95 | $ | 1.60 | $ | 9.17 | $ | 2.32 | |||||||||||||||
Weighted Average Number of Shares Outstanding (000s) | |||||||||||||||||||||||
- Basic | 1,947,703 | 1,917,536 | 1,941,719 | 1,915,243 | |||||||||||||||||||
- Diluted | 1,957,109 | 1,921,958 | 1,950,860 | 1,918,940 | |||||||||||||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Net Income (Loss) | $ | 11,715 | $ | 3,094 | $ | 17,992 | $ | 4,492 | |||||||||||||||
Currency translation adjustment | (37) | 3 | (48) | (16) | |||||||||||||||||||
Unrealized holding gain (loss) on securities | |||||||||||||||||||||||
Net gain (loss) arising during period | — | 5 | — | 2 | |||||||||||||||||||
Derivatives | |||||||||||||||||||||||
Net derivatives gain (loss) on hedge transactions | 29 | (2) | 31 | (2) | |||||||||||||||||||
Reclassification to net income | (2) | — | (2) | — | |||||||||||||||||||
Income taxes on derivatives transactions | (7) | — | (7) | — | |||||||||||||||||||
Total | 20 | (2) | 22 | (2) | |||||||||||||||||||
Defined benefit plans | |||||||||||||||||||||||
Actuarial gain (loss) | |||||||||||||||||||||||
Amortization to net income of net actuarial loss and settlements | 79 | 242 | 237 | 677 | |||||||||||||||||||
Actuarial gain (loss) arising during period | 144 | 110 | 283 | 1,017 | |||||||||||||||||||
Prior service credits (cost) | |||||||||||||||||||||||
Amortization to net income of net prior service costs and curtailments | (5) | (4) | (9) | (8) | |||||||||||||||||||
Prior service (costs) credits arising during period | — | 3 | — | 3 | |||||||||||||||||||
Defined benefit plans sponsored by equity affiliates - benefit (cost) | 12 | 29 | 18 | 40 | |||||||||||||||||||
Income (taxes) benefit on defined benefit plans | (52) | (95) | (105) | (396) | |||||||||||||||||||
Total | 178 | 285 | 424 | 1,333 | |||||||||||||||||||
Other Comprehensive Gain (Loss), Net of Tax | 161 | 291 | 398 | 1,317 | |||||||||||||||||||
Comprehensive Income (Loss) | 11,876 | 3,385 | 18,390 | 5,809 | |||||||||||||||||||
Comprehensive loss (income) attributable to noncontrolling interests | (93) | (12) | (111) | (33) | |||||||||||||||||||
Comprehensive Income (Loss) Attributable to Chevron Corporation | $ | 11,783 | $ | 3,373 | $ | 18,279 | $ | 5,776 |
At June 30, 2022 | At December 31, 2021 | |||||||||||||
(Millions of dollars) | ||||||||||||||
Assets | ||||||||||||||
Cash and cash equivalents | $ | 12,029 | $ | 5,640 | ||||||||||
Marketable securities | 341 | 35 | ||||||||||||
Accounts and notes receivable (less allowance: 2022 - $307; 2021 - $303) | 26,860 | 18,419 | ||||||||||||
Inventories: | ||||||||||||||
Crude oil and products | 5,671 | 4,248 | ||||||||||||
Chemicals | 616 | 565 | ||||||||||||
Materials, supplies and other | 1,428 | 1,492 | ||||||||||||
Total inventories | 7,715 | 6,305 | ||||||||||||
Prepaid expenses and other current assets | 4,243 | 3,339 | ||||||||||||
Total Current Assets | 51,188 | 33,738 | ||||||||||||
Long-term receivables (less allowance: 2022 - $473; 2021 - $442) | 649 | 603 | ||||||||||||
Investments and advances | 43,557 | 40,696 | ||||||||||||
Properties, plant and equipment, at cost | 322,541 | 336,045 | ||||||||||||
Less: Accumulated depreciation, depletion and amortization | 178,131 | 189,084 | ||||||||||||
Properties, plant and equipment, net | 144,410 | 146,961 | ||||||||||||
Deferred charges and other assets | 12,647 | 12,384 | ||||||||||||
Goodwill | 4,663 | 4,385 | ||||||||||||
Assets held for sale | 822 | 768 | ||||||||||||
Total Assets | $ | 257,936 | $ | 239,535 | ||||||||||
Liabilities and Equity | ||||||||||||||
Short-term debt | $ | 3,230 | $ | 256 | ||||||||||
Accounts payable | 24,906 | 16,454 | ||||||||||||
Accrued liabilities | 6,710 | 6,972 | ||||||||||||
Federal and other taxes on income | 2,922 | 1,700 | ||||||||||||
Other taxes payable | 1,353 | 1,409 | ||||||||||||
Total Current Liabilities | 39,121 | 26,791 | ||||||||||||
Long-term debt | 23,005 | 31,113 | ||||||||||||
Deferred credits and other noncurrent obligations | 19,722 | 20,778 | ||||||||||||
Noncurrent deferred income taxes | 15,942 | 14,665 | ||||||||||||
Noncurrent employee benefit plans | 5,584 | 6,248 | ||||||||||||
Total Liabilities* | $ | 103,374 | $ | 99,595 | ||||||||||
Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) | — | — | ||||||||||||
Common stock (authorized 6,000,000,000 shares, $0.75 par value; 2,442,676,580 shares issued at June 30, 2022 and December 31, 2021) | 1,832 | 1,832 | ||||||||||||
Capital in excess of par value | 18,559 | 17,282 | ||||||||||||
Retained earnings | 177,909 | 165,546 | ||||||||||||
Accumulated other comprehensive losses | (3,491) | (3,889) | ||||||||||||
Deferred compensation and benefit plan trust | (240) | (240) | ||||||||||||
Treasury stock, at cost (485,241,766 and 512,870,523 shares at June 30, 2022 and December 31, 2021, respectively) | (41,015) | (41,464) | ||||||||||||
Total Chevron Corporation Stockholders’ Equity | 153,554 | 139,067 | ||||||||||||
Noncontrolling interests (includes redeemable noncontrolling interest of $139 and $135 at June 30, 2022 and December 31, 2021) | 1,008 | 873 | ||||||||||||
Total Equity | 154,562 | 139,940 | ||||||||||||
Total Liabilities and Equity | $ | 257,936 | $ | 239,535 | ||||||||||
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Operating Activities | |||||||||||
Net Income (Loss) | $ | 17,992 | $ | 4,492 | |||||||
Adjustments | |||||||||||
Depreciation, depletion and amortization | 7,354 | 8,808 | |||||||||
Dry hole expense | 234 | 19 | |||||||||
Distributions more (less) than income from equity affiliates | (3,166) | (1,417) | |||||||||
Net before-tax losses (gains) on asset retirements and sales | (466) | (87) | |||||||||
Net foreign currency effects | (225) | 159 | |||||||||
Deferred income tax provision | 1,341 | (186) | |||||||||
Net decrease (increase) in operating working capital | (405) | (1,032) | |||||||||
Decrease (increase) in long-term receivables | 52 | 22 | |||||||||
Net decrease (increase) in other deferred charges | (119) | (116) | |||||||||
Cash contributions to employee pension plans | (775) | (581) | |||||||||
Other | 20 | 1,069 | |||||||||
Net Cash Provided by Operating Activities | 21,837 | 11,150 | |||||||||
Investing Activities | |||||||||||
Acquisition of businesses, net of cash received | (2,862) | — | |||||||||
Capital expenditures | (5,144) | (3,543) | |||||||||
Proceeds and deposits related to asset sales and returns of investment | 2,349 | 369 | |||||||||
Net sales (purchases) of marketable securities | (1) | — | |||||||||
Net repayment (borrowing) of loans by equity affiliates | 29 | 39 | |||||||||
Net Cash Used for Investing Activities | (5,629) | (3,135) | |||||||||
Financing Activities | |||||||||||
Net borrowings (repayments) of short-term obligations | 36 | 1,948 | |||||||||
Repayments of long-term debt and other financing obligations | (5,689) | (3,252) | |||||||||
Cash dividends - common stock | (5,512) | (5,041) | |||||||||
Net contributions from (distributions to) noncontrolling interests | (36) | (26) | |||||||||
Net sales (purchases) of treasury shares | 1,697 | 373 | |||||||||
Net Cash Provided by (Used for) Financing Activities | (9,504) | (5,998) | |||||||||
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash | (143) | (66) | |||||||||
Net Change in Cash, Cash Equivalents and Restricted Cash | 6,561 | 1,951 | |||||||||
Cash, Cash Equivalents and Restricted Cash at January 1 | 6,795 | 6,737 | |||||||||
Cash, Cash Equivalents and Restricted Cash at June 30 | $ | 13,356 | $ | 8,688 | |||||||
(Millions of dollars) | Accumulated | Treasury | Chevron Corp. | Non- | |||||||||||||||||||
Common | Retained | Other Comp. | Stock | Stockholders’ | Controlling | Total | |||||||||||||||||
Three Months Ended June 30 | Stock(1) | Earnings | Income (Loss) | (at cost) | Equity | Interests | Equity | ||||||||||||||||
Balance at March 31, 2021 | $ | 18,458 | $ | 159,285 | $ | (4,586) | $ | (41,269) | $ | 131,888 | $ | 1,045 | $ | 132,933 | |||||||||
Treasury stock transactions | 40 | — | — | — | 40 | — | 40 | ||||||||||||||||
NBLX Acquisition | 138 | (148) | — | 377 | 367 | (321) | 46 | ||||||||||||||||
Net income (loss) | — | 3,082 | — | — | 3,082 | 12 | 3,094 | ||||||||||||||||
Cash dividends ($1.34 per share) | — | (2,573) | — | — | (2,573) | (14) | (2,587) | ||||||||||||||||
Stock dividends | — | — | — | — | — | — | — | ||||||||||||||||
Other comprehensive income | — | — | 291 | — | 291 | — | 291 | ||||||||||||||||
Purchases of treasury shares | — | — | — | (2) | (2) | — | (2) | ||||||||||||||||
Issuances of treasury shares | — | — | — | 95 | 95 | — | 95 | ||||||||||||||||
Other changes, net | — | (6) | — | — | (6) | 7 | 1 | ||||||||||||||||
Balance at June 30, 2021 | $ | 18,636 | $ | 159,640 | $ | (4,295) | $ | (40,799) | $ | 133,182 | $ | 729 | $ | 133,911 | |||||||||
Balance at March 31, 2022 | $ | 19,970 | $ | 169,059 | $ | (3,652) | $ | (39,158) | $ | 146,219 | $ | 881 | $ | 147,100 | |||||||||
Treasury stock transactions | 13 | — | — | — | 13 | — | 13 | ||||||||||||||||
Net income (loss) | — | 11,622 | — | — | 11,622 | 93 | 11,715 | ||||||||||||||||
Cash dividends ($1.42 per share) | — | (2,766) | — | — | (2,766) | (31) | (2,797) | ||||||||||||||||
Stock dividends | — | (1) | — | — | (1) | — | (1) | ||||||||||||||||
Other comprehensive income | — | — | 161 | — | 161 | — | 161 | ||||||||||||||||
Purchases of treasury shares | — | — | — | (2,500) | (2,500) | — | (2,500) | ||||||||||||||||
Issuances of treasury shares | 168 | — | — | 643 | 811 | — | 811 | ||||||||||||||||
Other changes, net | — | (5) | — | — | (5) | 65 | 60 | ||||||||||||||||
Balance at June 30, 2022 | $ | 20,151 | $ | 177,909 | $ | (3,491) | $ | (41,015) | $ | 153,554 | $ | 1,008 | $ | 154,562 | |||||||||
Six Months Ended June 30 | |||||||||||||||||||||||
Balance at December 31, 2020 | $ | 18,421 | $ | 160,377 | $ | (5,612) | $ | (41,498) | $ | 131,688 | $ | 1,038 | $ | 132,726 | |||||||||
Treasury stock transactions | 77 | — | — | — | 77 | — | 77 | ||||||||||||||||
NBLX acquisition | 138 | (148) | — | 377 | 367 | (321) | 46 | ||||||||||||||||
Net income (loss) | — | 4,459 | — | — | 4,459 | 33 | 4,492 | ||||||||||||||||
Cash dividends ($2.63 per share) | — | (5,041) | — | — | (5,041) | (26) | (5,067) | ||||||||||||||||
Stock dividends | — | (1) | — | — | (1) | — | (1) | ||||||||||||||||
Other comprehensive income | — | — | 1,317 | — | 1,317 | — | 1,317 | ||||||||||||||||
Purchases of treasury shares | — | — | — | (8) | (8) | — | (8) | ||||||||||||||||
Issuances of treasury shares | — | — | — | 330 | 330 | — | 330 | ||||||||||||||||
Other changes, net | — | (6) | — | — | (6) | 5 | (1) | ||||||||||||||||
Balance at June 30, 2021 | $ | 18,636 | $ | 159,640 | $ | (4,295) | $ | (40,799) | $ | 133,182 | $ | 729 | $ | 133,911 | |||||||||
Balance at December 31, 2021 | $ | 18,874 | $ | 165,546 | $ | (3,889) | $ | (41,464) | $ | 139,067 | $ | 873 | $ | 139,940 | |||||||||
Treasury stock transactions | 29 | — | — | — | 29 | — | 29 | ||||||||||||||||
Net income (loss) | — | 17,881 | — | — | 17,881 | 111 | 17,992 | ||||||||||||||||
Cash dividends ($2.84 per share) | — | (5,512) | — | — | (5,512) | (36) | (5,548) | ||||||||||||||||
Stock dividends | — | (1) | — | — | (1) | — | (1) | ||||||||||||||||
Other comprehensive income | — | — | 398 | — | 398 | — | 398 | ||||||||||||||||
Purchases of treasury shares | — | — | — | (3,755) | (3,755) | — | (3,755) | ||||||||||||||||
Issuances of treasury shares | 1,248 | — | — | 4,204 | 5,452 | — | 5,452 | ||||||||||||||||
Other changes, net | — | (5) | — | — | (5) | 60 | 55 | ||||||||||||||||
Balance at June 30, 2022 | $ | 20,151 | $ | 177,909 | $ | (3,491) | $ | (41,015) | $ | 153,554 | $ | 1,008 | $ | 154,562 | |||||||||
(Number of Shares) | Common Stock - 2022 | Common Stock - 2021 | |||||||||||||||||||||
Three Months Ended June 30 | Issued(2) | Treasury | Outstanding | Issued(2) | Treasury | Outstanding | |||||||||||||||||
Balance at March 31 | 2,442,676,580 | (477,863,124) | 1,964,813,456 | 2,442,676,580 | (514,624,401) | 1,928,052,179 | |||||||||||||||||
Purchases | — | (15,168,627) | (15,168,627) | — | (6,593) | (6,593) | |||||||||||||||||
Issuances | — | 7,789,985 | 7,789,985 | — | 5,866,358 | 5,866,358 | |||||||||||||||||
Balance at June 30 | 2,442,676,580 | (485,241,766) | 1,957,434,814 | 2,442,676,580 | (508,764,636) | 1,933,911,944 | |||||||||||||||||
Six Months Ended June 30 | |||||||||||||||||||||||
Balance at December 31 | 2,442,676,580 | (512,870,523) | 1,929,806,057 | 2,442,676,580 | (517,490,263) | 1,925,186,317 | |||||||||||||||||
Purchases | — | (24,065,638) | (24,065,638) | — | (73,596) | (73,596) | |||||||||||||||||
Issuances | — | 51,694,395 | 51,694,395 | — | 8,799,223 | 8,799,223 | |||||||||||||||||
Balance at June 30 | 2,442,676,580 | (485,241,766) | 1,957,434,814 | 2,442,676,580 | (508,764,636) | 1,933,911,944 |
Currency Translation Adjustment | Unrealized Holding Gains (Losses) on Securities | Derivatives | Defined Benefit Plans | Total | ||||||||||||||||||||||||||||
Balance at December 31, 2020 | $ | (107) | $ | (10) | $ | — | $ | (5,495) | $ | (5,612) | ||||||||||||||||||||||
Components of Other Comprehensive Income (Loss): | ||||||||||||||||||||||||||||||||
Before Reclassifications | (16) | 2 | (2) | 820 | 804 | |||||||||||||||||||||||||||
Reclassifications(2) (3) | — | — | — | 513 | 513 | |||||||||||||||||||||||||||
Net Other Comprehensive Income (Loss) | (16) | 2 | (2) | 1,333 | 1,317 | |||||||||||||||||||||||||||
Balance at June 30, 2021 | $ | (123) | $ | (8) | $ | (2) | $ | (4,162) | $ | (4,295) | ||||||||||||||||||||||
Balance at December 31, 2021 | $ | (162) | $ | (11) | $ | — | $ | (3,716) | $ | (3,889) | ||||||||||||||||||||||
Components of Other Comprehensive Income (Loss): | ||||||||||||||||||||||||||||||||
Before Reclassifications | (48) | — | 24 | 231 | 207 | |||||||||||||||||||||||||||
Reclassifications(2) (3) | — | — | (2) | 193 | 191 | |||||||||||||||||||||||||||
Net Other Comprehensive Income (Loss) | (48) | — | 22 | 424 | 398 | |||||||||||||||||||||||||||
Balance at June 30, 2022 | $ | (210) | $ | (11) | $ | 22 | $ | (3,292) | $ | (3,491) |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Distributions more (less) than income from equity affiliates includes the following: | |||||||||||
Distributions from equity affiliates | $ | 1,386 | $ | 936 | |||||||
(Income) loss from equity affiliates | (4,552) | (2,353) | |||||||||
Distributions more (less) than income from equity affiliates | $ | (3,166) | $ | (1,417) | |||||||
Net decrease (increase) in operating working capital was composed of the following: | |||||||||||
Decrease (increase) in accounts and notes receivable | $ | (8,625) | $ | (4,725) | |||||||
Decrease (increase) in inventories | (789) | (471) | |||||||||
Decrease (increase) in prepaid expenses and other current assets | (479) | (1) | |||||||||
Increase (decrease) in accounts payable and accrued liabilities | 8,219 | 3,751 | |||||||||
Increase (decrease) in income and other taxes payable | 1,269 | 414 | |||||||||
Net decrease (increase) in operating working capital | $ | (405) | $ | (1,032) | |||||||
Net cash provided by operating activities includes the following cash payments: | |||||||||||
Interest on debt (net of capitalized interest) | $ | 262 | $ | 355 | |||||||
Income taxes | 4,414 | 1,939 | |||||||||
Proceeds and deposits related to asset sales and returns of investment consisted of the following gross amounts: | |||||||||||
Proceeds and deposits related to asset sales | $ | 1,263 | $ | 352 | |||||||
Returns of investment from equity affiliates | 1,086 | 17 | |||||||||
Proceeds and deposits related to asset sales and returns of investment | $ | 2,349 | $ | 369 | |||||||
Net sales (purchases) of marketable securities consisted of the following gross amounts: | |||||||||||
Marketable securities purchased | $ | (7) | $ | (3) | |||||||
Marketable securities sold | 6 | 3 | |||||||||
Net sales (purchases) of marketable securities | $ | (1) | $ | — | |||||||
Net repayment (borrowing) of loans by equity affiliates consisted of the following gross amounts: | |||||||||||
Borrowing of loans by equity affiliates | $ | (20) | $ | — | |||||||
Repayment of loans by equity affiliates | 49 | 39 | |||||||||
Net repayment (borrowing) of loans by equity affiliates | $ | 29 | $ | 39 | |||||||
Net borrowings (repayments) of short-term obligations consisted of the following gross and net amounts: | |||||||||||
Proceeds from issuances of short-term obligations | $ | — | $ | 4,449 | |||||||
Repayments of short-term obligations | — | (3,910) | |||||||||
Net borrowings (repayments) of short-term obligations with three months or less maturity | 36 | 1,409 | |||||||||
Net borrowings (repayments) of short-term obligations | $ | 36 | $ | 1,948 | |||||||
Net sales (purchases) of treasury shares consists of the following gross and net amounts: | |||||||||||
Shares issued for share-based compensation plans | $ | 5,452 | $ | 381 | |||||||
Shares purchased under share repurchase and deferred compensation plans | (3,755) | (8) | |||||||||
Net sales (purchases) of treasury shares | $ | 1,697 | $ | 373 | |||||||
Net contributions from (distributions to) noncontrolling interests consisted of the following gross amounts: | |||||||||||
Distributions to noncontrolling interests | $ | (36) | $ | (26) | |||||||
Contributions from noncontrolling interests | — | — | |||||||||
Net contributions from (distributions to) noncontrolling interests | $ | (36) | $ | (26) |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Additions to properties, plant and equipment | $ | 4,028 | $ | 3,354 | |||||||
Additions to investments | 831 | 168 | |||||||||
Current-year dry hole expenditures | 116 | 19 | |||||||||
Payments for other assets and liabilities, net | 169 | 2 | |||||||||
Capital expenditures | $ | 5,144 | $ | 3,543 | |||||||
At June 30 | At December 31 | ||||||||||||||||||||||
2022 | 2021 | 2021 | 2020 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Cash and cash equivalents | $ | 12,029 | $ | 7,527 | $ | 5,640 | $ | 5,596 | |||||||||||||||
Restricted cash included in “Prepaid expenses and other current assets” | 524 | 378 | 333 | 365 | |||||||||||||||||||
Restricted cash included in “Deferred charges and other assets” | 803 | 783 | 822 | 776 | |||||||||||||||||||
Total cash, cash equivalents and restricted cash | $ | 13,356 | $ | 8,688 | $ | 6,795 | $ | 6,737 |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Sales and other operating revenues | $ | 12,649 | $ | 7,368 | |||||||
Costs and other deductions | 6,046 | 3,935 | |||||||||
Net income attributable to TCO | $ | 4,612 | $ | 2,403 |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Sales and other operating revenues | $ | 7,818 | $ | 6,452 | |||||||
Costs and other deductions | 6,746 | 5,178 | |||||||||
Net income attributable to CPChem | $ | 1,308 | $ | 1,544 |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Sales and other operating revenues | $ | 93,356 | $ | 51,752 | |||||||
Costs and other deductions | 85,678 | 50,962 | |||||||||
Net income (loss) attributable to CUSA | $ | 6,660 | $ | 1,290 | |||||||
At June 30, 2022 | At December 31, 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Current assets | $ | 31,982 | $ | 20,216 | |||||||
Other assets | 48,171 | 47,355 | |||||||||
Current liabilities | 23,101 | 17,824 | |||||||||
Other liabilities | 19,084 | 18,438 | |||||||||
Total CUSA net equity | $ | 37,968 | $ | 31,309 | |||||||
Memo: Total debt | $ | 11,715 | $ | 11,693 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Segment Earnings | (Millions of dollars) | (Millions of dollars) | |||||||||||||||||||||
Upstream | |||||||||||||||||||||||
United States | $ | 3,367 | $ | 1,446 | $ | 6,605 | $ | 2,387 | |||||||||||||||
International | 5,191 | 1,732 | 8,887 | 3,141 | |||||||||||||||||||
Total Upstream | 8,558 | 3,178 | 15,492 | 5,528 | |||||||||||||||||||
Downstream | |||||||||||||||||||||||
United States | 2,440 | 776 | 2,926 | 646 | |||||||||||||||||||
International | 1,083 | 63 | 928 | 198 | |||||||||||||||||||
Total Downstream | 3,523 | 839 | 3,854 | 844 | |||||||||||||||||||
Total Segment Earnings | 12,081 | 4,017 | 19,346 | 6,372 | |||||||||||||||||||
All Other | |||||||||||||||||||||||
Interest expense | (120) | (173) | (246) | (357) | |||||||||||||||||||
Interest income | 29 | 12 | 39 | 20 | |||||||||||||||||||
Other | (368) | (774) | (1,258) | (1,576) | |||||||||||||||||||
Net Income Attributable to Chevron Corporation | $ | 11,622 | $ | 3,082 | $ | 17,881 | $ | 4,459 |
At June 30, 2022 | At December 31, 2021 | ||||||||||
Segment Assets | (Millions of dollars) | ||||||||||
Upstream | |||||||||||
United States | $ | 42,954 | $ | 41,870 | |||||||
International | 137,550 | 138,157 | |||||||||
Goodwill | 4,370 | 4,385 | |||||||||
Total Upstream | 184,874 | 184,412 | |||||||||
Downstream | |||||||||||
United States | 33,094 | 26,376 | |||||||||
International | 23,829 | 18,848 | |||||||||
Goodwill | 293 | — | |||||||||
Total Downstream | 57,216 | 45,224 | |||||||||
Total Segment Assets | 242,090 | 229,636 | |||||||||
All Other | |||||||||||
United States | 11,615 | 5,746 | |||||||||
International | 4,231 | 4,153 | |||||||||
Total All Other | 15,846 | 9,899 | |||||||||
Total Assets — United States | 87,663 | 73,992 | |||||||||
Total Assets — International | 165,610 | 161,158 | |||||||||
Goodwill | 4,663 | 4,385 | |||||||||
Total Assets | $ | 257,936 | $ | 239,535 | |||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
Sales and Other Operating Revenues | (Millions of dollars) | (Millions of dollars) | |||||||||||||||||||||
Upstream | |||||||||||||||||||||||
United States | $ | 14,232 | $ | 6,034 | $ | 25,548 | $ | 11,825 | |||||||||||||||
International | 14,230 | 9,516 | 27,732 | 18,306 | |||||||||||||||||||
Subtotal | 28,462 | 15,550 | 53,280 | 30,131 | |||||||||||||||||||
Intersegment Elimination — United States | (8,475) | (3,256) | (15,394) | (6,111) | |||||||||||||||||||
Intersegment Elimination — International | (4,138) | (2,761) | (7,787) | (5,136) | |||||||||||||||||||
Total Upstream | 15,849 | 9,533 | 30,099 | 18,884 | |||||||||||||||||||
Downstream | |||||||||||||||||||||||
United States | 25,867 | 13,911 | 45,638 | 24,765 | |||||||||||||||||||
International | 25,443 | 13,605 | 45,050 | 25,187 | |||||||||||||||||||
Subtotal | 51,310 | 27,516 | 90,688 | 49,952 | |||||||||||||||||||
Intersegment Elimination — United States | (1,343) | (500) | (2,342) | (966) | |||||||||||||||||||
Intersegment Elimination — International | (482) | (457) | (813) | (726) | |||||||||||||||||||
Total Downstream | 49,485 | 26,559 | 87,533 | 48,260 | |||||||||||||||||||
All Other | |||||||||||||||||||||||
United States | 141 | 210 | 224 | 234 | |||||||||||||||||||
International | 1 | — | 1 | — | |||||||||||||||||||
Subtotal | 142 | 210 | 225 | 234 | |||||||||||||||||||
Intersegment Elimination — United States | (103) | (185) | (170) | (185) | |||||||||||||||||||
Intersegment Elimination — International | (1) | — | (1) | — | |||||||||||||||||||
Total All Other | 38 | 25 | 54 | 49 | |||||||||||||||||||
Sales and Other Operating Revenues | |||||||||||||||||||||||
United States | 40,240 | 20,155 | 71,410 | 36,824 | |||||||||||||||||||
International | 39,674 | 23,121 | 72,783 | 43,493 | |||||||||||||||||||
Subtotal | 79,914 | 43,276 | 144,193 | 80,317 | |||||||||||||||||||
Intersegment Elimination — United States | (9,921) | (3,941) | (17,906) | (7,262) | |||||||||||||||||||
Intersegment Elimination — International | (4,621) | (3,218) | (8,601) | (5,862) | |||||||||||||||||||
Total Sales and Other Operating Revenues | $ | 65,372 | $ | 36,117 | $ | 117,686 | $ | 67,193 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | (Millions of dollars) | ||||||||||||||||||||||
Pension Benefits | |||||||||||||||||||||||
United States | |||||||||||||||||||||||
Service cost | $ | 117 | $ | 108 | $ | 235 | $ | 225 | |||||||||||||||
Interest cost | 69 | 64 | 135 | 119 | |||||||||||||||||||
Expected return on plan assets | (162) | (145) | (323) | (294) | |||||||||||||||||||
Amortization of prior service costs (credits) | 1 | — | 1 | 1 | |||||||||||||||||||
Amortization of actuarial losses (gains) | 60 | 73 | 125 | 177 | |||||||||||||||||||
Settlement losses | 21 | 151 | 107 | 468 | |||||||||||||||||||
Total United States | 106 | 251 | 280 | 696 | |||||||||||||||||||
International | |||||||||||||||||||||||
Service cost | 21 | 37 | 43 | 71 | |||||||||||||||||||
Interest cost | 35 | 36 | 71 | 69 | |||||||||||||||||||
Expected return on plan assets | (44) | (43) | (92) | (89) | |||||||||||||||||||
Amortization of prior service costs (credits) | 1 | 2 | 3 | 4 | |||||||||||||||||||
Amortization of actuarial losses (gains) | 4 | 14 | 8 | 24 | |||||||||||||||||||
Settlement losses | (9) | — | (9) | — | |||||||||||||||||||
Total International | 8 | 46 | 24 | 79 | |||||||||||||||||||
Net Periodic Pension Benefit Costs | $ | 114 | $ | 297 | $ | 304 | $ | 775 | |||||||||||||||
Other Benefits* | |||||||||||||||||||||||
Service cost | $ | 10 | $ | 10 | $ | 21 | $ | 21 | |||||||||||||||
Interest cost | 16 | 13 | 31 | 26 | |||||||||||||||||||
Amortization of prior service costs (credits) | (7) | (6) | (13) | (13) | |||||||||||||||||||
Amortization of actuarial losses (gains) | 3 | 4 | 6 | 8 | |||||||||||||||||||
Net Periodic Other Benefit Costs | $ | 22 | $ | 21 | $ | 45 | $ | 42 |
At June 30, 2022 | At December 31, 2021 | ||||||||||||||||||||||||||||||||||||||||||||||
Total | Level 1 | Level 2 | Level 3 | Total | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||||||||||||||||||||
Marketable Securities | $ | 341 | $ | 341 | $ | — | $ | — | $ | 35 | $ | 35 | $ | — | $ | — | |||||||||||||||||||||||||||||||
Derivatives - not designated | 111 | 68 | 43 | — | 313 | 285 | 28 | — | |||||||||||||||||||||||||||||||||||||||
Derivatives - designated | 29 | 29 | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||||||||
Total Assets at Fair Value | $ | 481 | $ | 438 | $ | 43 | $ | — | $ | 348 | $ | 320 | $ | 28 | $ | — | |||||||||||||||||||||||||||||||
Derivatives - not designated | 364 | 290 | 74 | — | 72 | 24 | 48 | — | |||||||||||||||||||||||||||||||||||||||
Total Liabilities at Fair Value | $ | 364 | $ | 290 | $ | 74 | $ | — | $ | 72 | $ | 24 | $ | 48 | $ | — |
Consolidated Balance Sheet: Fair Value of Derivatives (Millions of dollars) | ||||||||||||||||||||
Type of Contract | Balance Sheet Classification | At June 30, 2022 | At December 31, 2021 | |||||||||||||||||
Commodity | Accounts and notes receivable, net | $ | 114 | $ | 251 | |||||||||||||||
Commodity | Long-term receivables, net | 26 | 62 | |||||||||||||||||
Total Assets at Fair Value | $ | 140 | $ | 313 | ||||||||||||||||
Commodity | Accounts payable | $ | 350 | $ | 71 | |||||||||||||||
Commodity | Deferred credits and other noncurrent obligations | 14 | 1 | |||||||||||||||||
Total Liabilities at Fair Value | $ | 364 | $ | 72 |
Consolidated Statement of Income: The Effect of Derivatives (Millions of dollars) | ||||||||||||||||||||||||||||||||
Type of | Gain / (Loss) Three Months Ended June 30 | Gain / (Loss) Six Months Ended June 30 | ||||||||||||||||||||||||||||||
Contract | Statement of Income Classification | 2022 | 2021 | 2022 | 2021 | |||||||||||||||||||||||||||
Commodity | Sales and other operating revenues | $ | (74) | $ | (268) | $ | (947) | $ | (542) | |||||||||||||||||||||||
Commodity | Purchased crude oil and products | (129) | (21) | (234) | (24) | |||||||||||||||||||||||||||
Commodity | Other income | (7) | 4 | (6) | (35) | |||||||||||||||||||||||||||
$ | (210) | $ | (285) | $ | (1,187) | $ | (601) |
Consolidated Balance Sheet: The Effect of Netting Derivative Assets and Liabilities (Millions of dollars) | ||||||||||||||||||||||||||||||||
Gross Amount Recognized | Gross Amounts Offset | Net Amounts Presented | Gross Amounts Not Offset | Net Amount | ||||||||||||||||||||||||||||
At June 30, 2022 | ||||||||||||||||||||||||||||||||
Derivative Assets - not designated | $ | 3,946 | $ | 3,835 | $ | 111 | $ | — | $ | 111 | ||||||||||||||||||||||
Derivative Assets - designated | $ | 39 | $ | 10 | $ | 29 | $ | — | $ | 29 | ||||||||||||||||||||||
Derivative Liabilities - not designated | $ | 4,199 | $ | 3,835 | $ | 364 | $ | — | $ | 364 | ||||||||||||||||||||||
Derivative Liabilities - designated | $ | 10 | $ | 10 | $ | — | $ | — | $ | — | ||||||||||||||||||||||
At December 31, 2021 | ||||||||||||||||||||||||||||||||
Derivative Assets - not designated | $ | 1,684 | $ | 1,371 | $ | 313 | $ | — | $ | 313 | ||||||||||||||||||||||
Derivative Liabilities - not designated | $ | 1,443 | $ | 1,371 | $ | 72 | $ | — | $ | 72 |
At June 13, 2022 | |||||||||||
(Millions of dollars) | |||||||||||
Current assets | $ | 1,584 | |||||||||
Properties, plant and equipment | 1,778 | ||||||||||
Deferred tax | 92 | ||||||||||
Other assets | 374 | ||||||||||
Total assets acquired | 3,828 | ||||||||||
Current liabilities | 301 | ||||||||||
Long-term debt and finance leases | 590 | ||||||||||
Other liabilities | 75 | ||||||||||
Total liabilities assumed | 966 | ||||||||||
Net assets acquired | $ | 2,862 | |||||||||
Goodwill | 293 | ||||||||||
Purchase Price | $ | 3,155 |
Earnings by Business Segment | |||||||||||||||||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | (Millions of dollars) | ||||||||||||||||||||||
Upstream | |||||||||||||||||||||||
United States | $ | 3,367 | $ | 1,446 | $ | 6,605 | $ | 2,387 | |||||||||||||||
International | 5,191 | 1,732 | 8,887 | 3,141 | |||||||||||||||||||
Total Upstream | 8,558 | 3,178 | 15,492 | 5,528 | |||||||||||||||||||
Downstream | |||||||||||||||||||||||
United States | 2,440 | 776 | 2,926 | 646 | |||||||||||||||||||
International | 1,083 | 63 | 928 | 198 | |||||||||||||||||||
Total Downstream | 3,523 | 839 | 3,854 | 844 | |||||||||||||||||||
Total Segment Earnings | 12,081 | 4,017 | 19,346 | 6,372 | |||||||||||||||||||
All Other | (459) | (935) | (1,465) | (1,913) | |||||||||||||||||||
Net Income (Loss) Attributable to Chevron Corporation (1) (2) | $ | 11,622 | $ | 3,082 | $ | 17,881 | $ | 4,459 | |||||||||||||||
(1) Includes foreign currency effects. | $ | 668 | $ | 43 | $ | 450 | $ | 41 | |||||||||||||||
(2) Income (loss) net of tax; also referred to as “earnings” in the discussions that follow. |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
U.S. Upstream Earnings | $ | 3,367 | $ | 1,446 | $ | 6,605 | $ | 2,387 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
International Upstream Earnings* | $ | 5,191 | $ | 1,732 | $ | 8,887 | $ | 3,141 | |||||||||||||||
* Includes foreign currency effects | $ | 603 | $ | 78 | $ | 459 | $ | 26 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
U.S. Downstream Earnings | $ | 2,440 | $ | 776 | $ | 2,926 | $ | 646 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
International Downstream Earnings* | $ | 1,083 | $ | 63 | $ | 928 | $ | 198 | |||||||||||||||
* Includes foreign currency effects | $ | 145 | $ | 1 | $ | 168 | $ | 60 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Earnings/(Charges)* | $ | (459) | $ | (935) | $ | (1,465) | $ | (1,913) | |||||||||||||||
* Includes foreign currency effects | $ | (80) | $ | (36) | $ | (177) | $ | (45) |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Sales and other operating revenues | $ | 65,372 | $ | 36,117 | $ | 117,686 | $ | 67,193 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Income from equity affiliates | $ | 2,467 | $ | 1,442 | $ | 4,552 | $ | 2,353 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Other income (loss) | $ | 923 | $ | 38 | $ | 897 | $ | 80 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Purchased crude oil and products | $ | 40,003 | $ | 20,629 | $ | 72,652 | $ | 38,197 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Operating, selling, general and administrative expenses | $ | 7,181 | $ | 5,995 | $ | 13,786 | $ | 11,952 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Exploration expenses | $ | 196 | $ | 113 | $ | 405 | $ | 199 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Depreciation, depletion and amortization | $ | 3,700 | $ | 4,522 | $ | 7,354 | $ | 8,808 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Taxes other than on income | $ | 1,563 | $ | 1,566 | $ | 3,565 | $ | 2,986 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Interest and debt expense | $ | 129 | $ | 185 | $ | 265 | $ | 383 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Other components of net periodic benefit costs | $ | (13) | $ | 165 | $ | 51 | $ | 502 |
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
Income tax expense/(benefit) | $ | 4,288 | $ | 1,328 | $ | 7,065 | $ | 2,107 |
Six Months Ended June 30, 2022 | Year Ended December 31, 2021 | ||||||||||
(Millions of dollars) (unaudited) | |||||||||||
Sales and other operating revenues | $ | 64,464 | $ | 88,038 | |||||||
Sales and other operating revenues - related party | 25,876 | 28,499 | |||||||||
Total costs and other deductions | 62,380 | 86,369 | |||||||||
Total costs and other deductions - related party | 21,860 | 28,277 | |||||||||
Net income (loss) | $ | 9,355 | $ | 5,515 | |||||||
At June 30, 2022 | At December 31, 2021 | ||||||||||
(Millions of dollars) (unaudited) | |||||||||||
Current assets | $ | 26,720 | $ | 15,567 | |||||||
Current assets - related party | 19,693 | 12,227 | |||||||||
Other assets | 48,862 | 48,461 | |||||||||
Current liabilities | 27,411 | 22,554 | |||||||||
Current liabilities - related party | 91,268 | 79,778 | |||||||||
Other liabilities | 28,697 | 32,825 | |||||||||
Total net equity (deficit) | $ | (52,101) | $ | (58,902) | |||||||
At June 30, 2022 | At December 31, 2021 | |||||||||||||||||||
Current Ratio (1) | 1.3 | 1.3 | ||||||||||||||||||
Debt Ratio | 14.6 | % | 18.4 | % | ||||||||||||||||
Net Debt Ratio (2) | 8.3 | % | 15.6 | % |
Six Months Ended June 30 | ||||||||||||||
2022 | 2021 | |||||||||||||
(Millions of dollars) | ||||||||||||||
Net cash provided by operating activities | $ | 21,837 | $ | 11,150 | ||||||||||
Less: Capital expenditures | (5,144) | (3,543) | ||||||||||||
Free Cash Flow | $ | 16,693 | $ | 7,607 |
Six Months Ended June 30 | |||||||||||
2022 | 2021 | ||||||||||
(Millions of dollars) | |||||||||||
Capital expenditures | $ | 5,144 | $ | 3,543 | |||||||
Expensed exploration expenditures | 171 | 180 | |||||||||
Assets acquired through finance lease obligations and other financing obligations | — | 42 | |||||||||
Payments for other assets and liabilities, net | (169) | (2) | |||||||||
Capital and exploratory expenditures, excluding equity affiliates | 5,146 | 3,763 | |||||||||
Company’s share of expenditures by equity affiliates | 1,534 | 1,527 | |||||||||
Capital and exploratory expenditures, including equity affiliates (Total C&E) | $ | 6,680 | $ | 5,290 |
Total C&E by Major Operating Area | |||||||||||||||||||||||
Three Months Ended June 30 | Six Months Ended June 30 | ||||||||||||||||||||||
2022 | 2021 | 2022 | 2021 | ||||||||||||||||||||
(Millions of dollars) | |||||||||||||||||||||||
United States | |||||||||||||||||||||||
Upstream | $ | 1,573 | $ | 1,074 | $ | 2,873 | $ | 2,123 | |||||||||||||||
Downstream | 884 | 264 | 1,130 | 506 | |||||||||||||||||||
All Other | 86 | 31 | 128 | 83 | |||||||||||||||||||
Total United States | 2,543 | 1,369 | 4,131 | 2,712 | |||||||||||||||||||
International | |||||||||||||||||||||||
Upstream | 1,296 | 1,237 | 2,414 | 2,296 | |||||||||||||||||||
Downstream | 79 | 174 | 129 | 272 | |||||||||||||||||||
All Other | 5 | 6 | 6 | 10 | |||||||||||||||||||
Total International | 1,380 | 1,417 | 2,549 | 2,578 | |||||||||||||||||||
Worldwide | $ | 3,923 | $ | 2,786 | $ | 6,680 | $ | 5,290 |
Period | Total Number of Shares Purchased (1)(2) | Average Price Paid per Share | Total Number of Shares Purchased as Part of Publicly Announced Program | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (2) (Billions of dollars) | |||||||||||||||||||
April 1 – April 30, 2022 | 5,414,696 | $165.36 | 5,413,262 | $16.0 | |||||||||||||||||||
May 1 – May 31, 2022 | 4,845,799 | $167.91 | 4,845,510 | $15.2 | |||||||||||||||||||
June 1 – June 30, 2022 | 4,908,132 | $161.23 | 4,907,554 | $14.4 | |||||||||||||||||||
Total | 15,168,627 | $164.84 | 15,166,326 |
Exhibit Index | ||||||||
Exhibit Number | Description | |||||||
10.1+ | ||||||||
10.2+ | ||||||||
31.1* | ||||||||
31.2* | ||||||||
32.1** | ||||||||
32.2** | ||||||||
101.SCH* | iXBRL Schema Document | |||||||
101.CAL* | iXBRL Calculation Linkbase Document | |||||||
101.DEF* | iXBRL Definition Linkbase Document | |||||||
101.LAB* | iXBRL Label Linkbase Document | |||||||
101.PRE* | iXBRL Presentation Linkbase Document | |||||||
104* | Cover Page Interactive Data File (contained in Exhibit 101) |
CHEVRON CORPORATION (REGISTRANT) | |||||
/S/ DAVID A. INCHAUSTI | |||||
David A. Inchausti, Vice President and Controller (Principal Accounting Officer and Duly Authorized Officer) |
1 Year Chevron Chart |
1 Month Chevron Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions