MarketKingdoms › Financial statements › CVXChevron Corp (CVX) financial statements: income statement, balance sheet and cash flow
Chevron Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Chevron Corp reported revenue of $189.0B (-6.8% year on year) and net income of $12.5B (-29.7% year on year).
Income statement Chevron Corp income statement, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Sales and other operating revenues $184.4B $193.4B $196.9B $235.7B Income (loss) from equity affiliates $3.0B $4.6B $5.1B $8.6B Other income (loss) $1.6B $4.8B ($1.1B) $1.9B Total Revenues and Other Income $189.0B $202.8B $200.9B $246.3B Purchased crude oil and products $108.2B $119.2B $119.2B $145.4B Operating expenses $28.0B $27.5B $24.9B $24.7B Selling, general and administrative expenses $5.1B $4.8B $4.1B $4.3B Exploration expenses $1.1B $995.0M $914.0M $974.0M Depreciation, depletion and amortization $20.1B $17.3B $17.3B $16.3B Taxes other than on income $5.2B $4.7B $4.2B $4.0B Interest and debt expense $1.2B $594.0M $469.0M $516.0M Other components of net periodic benefit costs $313.0M $195.0M $212.0M $295.0M Total Costs and Other Deductions $169.3B $175.3B $171.4B $196.6B Income (Loss) Before Income Tax Expense $19.7B $27.5B $29.6B $49.7B Income Tax Expense (Benefit) $7.3B $9.8B $8.2B $14.1B Net Income (Loss) $12.5B $17.7B $21.4B $35.6B Less: Net income (loss) attributable to noncontrolling interests $186.0M $88.0M $42.0M $143.0M Basic (in dollars per share) $6.65 $9.76 $11.41 $18.36 Diluted (in dollars per share) $6.63 $9.72 $11.36 $18.28
Chevron Corp income statement, quarters
Line item Jun 30, 2026 · Q2 Mar 31, 2026 · Q1 Sep 30, 2025 · Q3 Jun 30, 2025 · Q2
Sales and other operating revenues $67.2B $47.6B $48.2B $44.4B Income (loss) from equity affiliates $2.1B $745.0M $981.0M $536.0M Other income (loss) $731.0M $306.0M $576.0M ($89.0M) Total Revenues and Other Income $70.1B $48.6B $49.7B $44.8B Purchased crude oil and products $36.6B $28.3B $27.4B $26.9B Operating expenses $7.5B $7.7B $7.5B $6.7B Selling, general and administrative expenses $1.3B $1.1B $1.5B $889.0M Exploration expenses $256.0M $205.0M $288.0M $252.0M Depreciation, depletion and amortization $6.1B $5.8B $5.8B $4.3B Taxes other than on income $1.2B $1.3B $1.3B $1.3B Interest and debt expense $352.0M $345.0M $370.0M $274.0M Other components of net periodic benefit costs $96.0M ($18.0M) $70.0M $83.0M Total Costs and Other Deductions $53.4B $44.7B $44.3B $40.7B Income (Loss) Before Income Tax Expense $16.7B $3.9B $5.4B $4.1B Income Tax Expense (Benefit) $4.5B $1.7B $1.8B $1.6B Net Income (Loss) $12.2B $2.3B $3.6B $2.5B Less: Net income (loss) attributable to noncontrolling interests $142.0M $83.0M $74.0M $25.0M Net Income (Loss) Attributable to Chevron Corporation $12.1B $2.2B $3.5B $2.5B Basic (in dollars per share) $6.13 $1.12 $1.83 $1.45 Diluted (in dollars per share) $6.11 $1.11 $1.82 $1.45 Basic (in shares) 2.0B 2.0B 1.9B 1.7B Diluted (in shares) 2.0B 2.0B 1.9B 1.7B
Balance sheet Chevron Corp balance sheet, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Cash and cash equivalents $6.3B $6.8B $8.2B $17.7B Time deposits $4.0M $4.0M — — Marketable securities $0 $0 $45.0M $223.0M Accounts and notes receivable (less allowance: 2025 - $176; 2024 - $259) $18.1B $20.7B $19.9B $20.5B Crude oil and products $6.6B $6.5B $6.1B $5.9B Chemicals $571.0M $502.0M $406.0M $515.0M Materials, supplies and other $2.5B $2.1B $2.1B $1.9B Total inventories $9.7B $9.1B $8.6B $8.2B Prepaid expenses and other current assets $4.5B $4.4B $4.4B $3.7B Total Current Assets $38.6B $40.9B $41.1B $50.3B Long-term receivables, net (less allowances: 2025 - $216; 2024 - $352) $1.0B $877.0M $942.0M $1.1B Investments and advances $43.9B $47.4B $46.8B $45.2B Properties, plant and equipment, at cost $435.0B $345.9B $346.1B $327.8B Less: Accumulated depreciation, depletion and amortization $215.2B $198.1B $192.5B $184.2B Properties, plant and equipment, net $219.7B $147.8B $153.6B $143.6B Deferred charges and other assets $16.2B $14.9B $13.7B $12.3B Goodwill $4.6B $4.6B $4.7B $4.7B Assets held for sale $25.0M $481.0M $675.0M $436.0M Total Assets $324.0B $256.9B $261.6B $257.7B Short-term debt $977.0M $4.4B $529.0M $2.0B Accounts payable $19.3B $22.1B $20.4B $19.0B Accrued liabilities $10.8B $8.5B $7.7B $7.5B Federal and other taxes on income $844.0M $1.9B $1.9B $4.4B Other taxes payable $1.5B $1.7B $1.8B $1.4B Total Current Liabilities $33.4B $38.6B $32.3B $34.2B Long-term debt $39.8B $20.1B $20.3B $21.4B Deferred credits and other noncurrent obligations $24.5B $22.1B $24.2B $20.4B Noncurrent deferred income taxes $30.0B $19.1B $18.8B $17.1B Noncurrent employee benefit plans $4.1B $3.9B $4.1B $4.4B Total Liabilities $131.8B $103.8B $99.7B $97.5B Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 0 0 0 Common stock (authorized 6,000,000,000 shares; $0.75 par value; 2,442,676,580 shares issued at December 31, 2025 and 2024) 1.8B 1.8B 1.8B 1.8B Capital in excess of par value $33.9B $21.7B $21.4B $18.7B Retained earnings $205.4B $205.9B $200.0B $190.0B Accumulated other comprehensive losses ($2.5B) ($2.8B) ($3.0B) ($2.8B) Deferred compensation and benefit plan trust ($240.0M) ($240.0M) ($240.0M) ($240.0M) Treasury stock, at cost (2025 - 448,260,458 shares; 2024 - 673,664,306 shares) -51.9B -74.0B — — Total Chevron Corporation Stockholders’ Equity $186.4B $152.3B $161.0B $159.3B Noncontrolling interests $5.7B $839.0M $972.0M $960.0M Total Equity $192.2B $153.2B $161.9B $160.2B Total Liabilities and Equity $324.0B $256.9B $261.6B $257.7B
Chevron Corp balance sheet, quarters
Line item Jun 30, 2026 Mar 31, 2026 Sep 30, 2025 Jun 30, 2025
Cash and cash equivalents $8.5B $5.3B $7.7B $4.1B Time deposits $3.0M $4.0M $2.0M $5.0M Accounts and notes receivable (less allowance: 2026 - $178; 2025 - $176) $24.6B $25.3B $17.9B $17.7B Crude oil and products $7.2B $7.5B $7.4B $6.3B Chemicals $632.0M $520.0M $509.0M $517.0M Materials, supplies and other $2.7B $2.6B $2.5B $2.0B Total inventories $10.5B $10.6B $10.4B $8.8B Prepaid expenses and other current assets $5.5B $5.0B $4.8B $4.1B Total Current Assets $49.1B $46.2B $40.9B $34.7B Long-term receivables (less allowance: 2026 - $216; 2025 - $216) $903.0M $976.0M $987.0M $914.0M Investments and advances $42.3B $43.2B $44.4B $48.0B Properties, plant and equipment, at cost $440.7B $438.9B $429.3B $352.0B Less: Accumulated depreciation, depletion and amortization $224.8B $220.8B $209.8B $204.6B Properties, plant and equipment, net $215.9B $218.1B $219.5B $147.4B Deferred charges and other assets $16.5B $16.5B $16.2B $15.1B Goodwill $4.6B $4.6B $4.6B $4.6B Assets held for sale $780.0M $18.0M $26.0M $28.0M Total Assets $330.1B $329.6B $326.5B $250.8B Short-term debt $401.0M $5.8B $3.6B $6.2B Accounts payable $24.4B $23.2B $19.1B $18.6B Accrued liabilities $10.8B $10.3B $10.5B $8.1B Federal and other taxes on income $2.2B $1.3B $914.0M $659.0M Other taxes payable $1.4B $1.5B $1.4B $1.3B Total Current Liabilities $39.2B $42.2B $35.5B $34.8B Long-term debt $36.7B $39.6B $38.0B $23.3B Deferred credits and other noncurrent obligations $24.4B $24.5B $23.6B $21.9B Noncurrent deferred income taxes $30.3B $29.9B $29.8B $19.7B Noncurrent employee benefit plans $3.9B $3.9B $4.1B $3.9B Total Liabilities $134.6B $140.2B $130.9B $103.6B Preferred stock (authorized 100,000,000 shares; $1.00 par value; none issued) 0 0 0 0 Common stock (authorized 6,000,000,000 shares, $0.75 par value; 2,442,676,580 shares issued at June 30, 2026 and December 31, 2025) 1.8B 1.8B 1.8B 1.8B Capital in excess of par value $34.0B $33.9B $33.8B $21.8B Retained earnings $212.6B $204.0B $206.0B $205.9B Accumulated other comprehensive losses ($2.1B) ($2.6B) ($2.6B) ($2.6B) Deferred compensation and benefit plan trust ($240.0M) ($240.0M) ($240.0M) ($240.0M) Treasury stock, at cost (466,905,306 and 448,260,458 shares at June 30, 2026 and December 31, 2025, respectively) -56.2B -53.2B -49.0B -80.3B Total Chevron Corporation Stockholders’ Equity $189.9B $183.7B $189.8B $146.4B Noncontrolling interests $5.7B $5.7B $5.8B $841.0M Total Equity $195.6B $189.4B $195.6B $147.3B Total Liabilities and Equity $330.1B $329.6B $326.5B $250.8B
Cash flow statement Chevron Corp cash flow statement, fiscal years
Line item Dec 31, 2025 · FY Dec 31, 2024 · FY Dec 31, 2023 · FY Dec 31, 2022 · FY
Net Income (Loss) $12.5B $17.7B $21.4B $35.6B Depreciation, depletion and amortization $20.1B $17.3B $17.3B $16.3B Dry hole expense $325.0M $429.0M $436.0M $486.0M Distributions more (less) than income from equity affiliates $2.3B ($366.0M) ($885.0M) ($4.7B) Net before-tax gains on asset retirements and sales ($462.0M) ($1.7B) ($138.0M) ($550.0M) Net foreign currency effects $585.0M ($629.0M) $578.0M ($412.0M) Deferred income tax provision $986.0M $1.2B $298.0M $2.1B Net decrease (increase) in operating working capital ($1.0B) $1.2B ($3.2B) $2.1B Decrease (increase) in long-term receivables ($132.0M) $114.0M $150.0M $153.0M Net decrease (increase) in other deferred charges ($508.0M) ($1.2B) ($300.0M) ($212.0M) Cash contributions to employee pension plans ($588.0M) ($844.0M) ($1.1B) ($1.3B) Other ($158.0M) ($1.8B) $1.0B $13.0M Net Cash Provided by Operating Activities $33.9B $31.5B $35.6B $49.6B Acquisition of businesses, net of cash received $1.1B $0 $55.0M ($2.9B) Acquisition of Hess Corporation common stock ($2.2B) — — — Capital expenditures ($17.3B) ($16.4B) ($15.8B) ($12.0B) Proceeds and deposits related to asset sales and returns of investment $1.8B $7.7B $669.0M $2.6B Net maturities of (investments in) time deposits $1.0M ($4.0M) — — Net sales (purchases) of marketable securities $0 $45.0M $175.0M $117.0M Net repayment (borrowing) of loans by equity affiliates $778.0M ($233.0M) ($302.0M) ($24.0M) Net Cash Used for Investing Activities ($15.9B) ($8.9B) ($15.2B) ($12.1B) Net borrowings (repayments) of short-term obligations ($1.1B) $4.9B $135.0M $263.0M Proceeds from issuances of long-term debt $11.4B $478.0M $150.0M $0 Repayments of long-term debt and other financing obligations ($4.5B) ($1.8B) ($4.3B) ($8.7B) Cash dividends - common stock ($12.8B) ($11.8B) ($11.3B) ($11.0B) Net contributions from (distributions to) noncontrolling interests ($323.0M) ($195.0M) ($40.0M) ($114.0M) Net sales (purchases) of treasury shares -11.9B -15.0B -14.7B -5.4B Net Cash Provided by (Used for) Financing Activities ($19.1B) ($23.5B) ($30.1B) ($25.0B) Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash $58.0M ($97.0M) ($114.0M) ($190.0M) Net Change in Cash, Cash Equivalents and Restricted Cash ($977.0M) ($1.0B) ($9.8B) $12.3B Cash, Cash Equivalents and Restricted Cash at January 1 $8.3B $9.3B $19.1B $6.8B Cash, Cash Equivalents and Restricted Cash at December 31 $7.3B $8.3B — $19.1B
Chevron Corp cash flow statement, quarters
Line item Jun 30, 2026 · YTD Mar 31, 2026 · Q1 Sep 30, 2025 · YTD Jun 30, 2025 · YTD
Net Income (Loss) $14.5B $2.3B $9.6B $6.0B Depreciation, depletion and amortization $11.9B $5.8B $14.2B $8.5B Dry hole expense $144.0M $84.0M $245.0M $177.0M Distributions more (less) than income from equity affiliates $474.0M ($400.0M) $1.8B $1.2B Net before-tax losses (gains) on asset retirements and sales ($232.0M) ($7.0M) ($302.0M) ($299.0M) Net foreign currency effects $168.0M $157.0M $444.0M $470.0M Deferred income tax provision $34.0M ($264.0M) $709.0M $509.0M Net decrease (increase) in operating working capital ($1.7B) ($4.6B) ($2.7B) ($2.1B) Decrease (increase) in long-term receivables $129.0M $58.0M ($85.0M) ($10.0M) Net decrease (increase) in other deferred charges $133.0M $43.0M ($380.0M) ($227.0M) Cash contributions to employee pension plans ($396.0M) ($251.0M) ($538.0M) ($444.0M) Other ($24.0M) ($382.0M) $52.0M $49.0M Net Cash Provided by Operating Activities $25.1B $2.5B $23.1B $13.8B Acquisition of Hess Corporation common stock $0 $0 ($2.2B) ($2.2B) Capital expenditures ($8.6B) ($4.1B) ($12.1B) ($7.6B) Proceeds and deposits related to asset sales and returns of investment $355.0M $72.0M $1.5B $990.0M Net maturities of (investments in) time deposits $1.0M — $2.0M — Net repayment (borrowing) of loans by equity affiliates $979.0M $979.0M $798.0M ($176.0M) Net Cash Used for Investing Activities ($7.3B) ($3.0B) ($11.0B) ($9.1B) Net borrowings (repayments) of short-term obligations ($794.0M) $5.4B ($819.0M) $1.9B Proceeds from issuances of long-term debt $99.0M $99.0M $11.2B $5.5B Repayments of long-term debt and other financing obligations ($3.1B) ($874.0M) ($3.6B) ($2.7B) Cash dividends - common stock ($7.0B) ($3.5B) ($9.3B) ($5.9B) Net contributions from (distributions to) noncontrolling interests ($269.0M) ($152.0M) ($220.0M) ($30.0M) Net sales (purchases) of treasury shares -4.5B -1.4B -8.9B -6.4B Net Cash Provided by (Used for) Financing Activities ($15.5B) ($448.0M) ($11.7B) ($7.6B) Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash ($41.0M) ($23.0M) $41.0M $47.0M Net Change in Cash, Cash Equivalents and Restricted Cash $2.3B ($969.0M) $521.0M ($2.9B) Cash, Cash Equivalents and Restricted Cash at January 1 $7.3B $7.3B $8.3B $8.3B Cash, Cash Equivalents and Restricted Cash at June 30 $9.6B — — $5.4B
Chevron Corp score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.